Results 1 to 4 of 4
Threaded View
-
11-08-2018, 05:35 PM #1
- Join Date
- Oct 2014
- Posts
- 30
Fix and Flip Business Looking for Line of Credit
I'm working with a new client that has a fix and flip business. I received the referral from the client's daughter who I helped obtain an SBA loan for back in 2017.
Client is most interested in a line of credit that he can use as working capital to purchase fixtures, supplies, etc for fixing the homes he purchases. Right now he is using credit cards for these purchases then paying them off once the home sells.
He has excellent credit.
I have settlements statements from his last 3 deals, each home is selling $1.5-3 Million as well as his last 6 months of business bank statements.
Not sure if there's a LOC product out there for a business like this.
Please PM me if you can help!
Thank you.
Similar Threads
-
Business Line of Credit
By MWCCredit in forum Business LoansReplies: 0Last Post: 10-24-2017, 01:12 PM -
Line of credit for a $4.6 m business
By Tim in forum Deal BinReplies: 6Last Post: 12-06-2016, 02:16 PM -
Business line of credit
By wallerbusiness in forum Business LoansReplies: 4Last Post: 05-04-2015, 08:27 PM -
Business Line of Credit
By getlikwid247 in forum Business LoansReplies: 5Last Post: 11-26-2014, 12:37 PM -
Looking for a BUSINESS LINE OF CREDIT
By JeffMulford in forum Merchant Cash AdvanceReplies: 1Last Post: 09-03-2014, 11:56 AM