Daycare Seeking $75K BLOC for Working Capital. $1MM/Yr Projected. Credit 718.
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  1. #1
    Senior Member Reputation points: 20465 Fundyman's Avatar
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    Daycare Seeking $75K BLOC for Working Capital. $1MM/Yr Projected. Credit 718.

    Please keep in mind the following, first & foremost:
    • 2017 Revenue was $79K.
    • Revenue was for 8 children facility.
    • Currently has lease agreement for new facility accomodating 76 children.
    • Projected gross revenue is approx. $1MM over the next 2 years.
    • Credit is 718 mid score.
    • Owns a property worth ~ $600K; bal. is $334K now.
    • Company has been in business at least two years.


    The client seeks a line of credit anywhere from $75-100K, so as to not be taken by surprise by any need of working capital or payroll obligations.
    If you have a means of making such a loan happen, or anything even close, whether it be a hybrid loan product or anything else, please let me know ASAP. Brokers welcome if you can prove you are competent.

  2. #2
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    are they seeking investor ?
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    覧覧覧覧覧覧覧覧覧覧覧覧覧
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  3. #3
    Senior Member Reputation points: 20465 Fundyman's Avatar
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    Quote Originally Posted by mcaguru View Post
    are they seeking investor ?
    May very well be open to it! What do you have? PM me.

  4. #4
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    Quote Originally Posted by Fundyman View Post
    Please keep in mind the following, first & foremost:
    • 2017 Revenue was $79K.
    • Revenue was for 8 children facility.
    • Currently has lease agreement for new facility accomodating 76 children.
    • Projected gross revenue is approx. $1MM over the next 2 years.
    • Credit is 718 mid score.
    • Owns a property worth ~ $600K; bal. is $334K now.
    • Company has been in business at least two years.


    The client seeks a line of credit anywhere from $75-100K, so as to not be taken by surprise by any need of working capital or payroll obligations.
    If you have a means of making such a loan happen, or anything even close, whether it be a hybrid loan product or anything else, please let me know ASAP. Brokers welcome if you can prove you are competent.
    I met a guy at NALCB last year. All he does if finance day care centers..... I will send you his contact info.
    Kevin Henry
    VP-Business Development
    Seacoast Business Funding, a division of Seacoast Bank
    561-850-9346
    Kevin.Henry@SeacoastBF.com
    1880 N Congress Ave., Suite 404
    Boynton Beach, FL 33426

  5. #5
    Senior Member Reputation points: 20465 Fundyman's Avatar
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    Quote Originally Posted by kevinhenry0527 View Post
    I met a guy at NALCB last year. All he does if finance day care centers..... I will send you his contact info.
    That would be greatly appreciated.

    Thanks!

  6. #6
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    Quote Originally Posted by Fundyman View Post
    That would be greatly appreciated.

    Thanks!
    My pleasure-Good Luck!
    Kevin Henry
    VP-Business Development
    Seacoast Business Funding, a division of Seacoast Bank
    561-850-9346
    Kevin.Henry@SeacoastBF.com
    1880 N Congress Ave., Suite 404
    Boynton Beach, FL 33426

  7. #7
    LoanMe offers monthly payment term loans from $3,500 to $250,000. Minimum FICO 500, Minimum TIB 90 days. Multiple positions ok, final approvals based on affordability, not strictly revenue or deposits. We can work with all "For-Profit" Industries. Give us a call 949-535-7798
    LoanMe Business
    949-535-7798
    Email: Business.Loans@LoanMe.com




    www.loanme.com/SBL-partner
    1900 S State College Blvd. Suite 300
    Anaheim, CA 92806

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