SBA or Line of Credit up to $250k needed ... Business Details Included
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  1. #1
    Quote Originally Posted by willgordon View Post
    Hi -

    I am looking for a SBA or line of credit up to $250k for a client who is over using MCA route for funding. He has had a few issues in the past with Bizfi and has around $150k in loans his is looking to consolidate, while have additional funds to hire new employees. Additional Details below

    Started business in 2010
    Industrial Refrigeration Business
    Has taken loans from Everest and Bizfi ... has had a few red flags and had to settle with both at the start of 2018
    Looking for funding on a loan consolidation with operating capital
    Depositing $75k -$85k per month
    $98k owed to Loanme ... IOU $32 .. BizFi / Everest = $5k/$10k respectively = $150k in total
    Has not defaulted on these loans and NO Collateral
    739-740 FICO score
    I might have a home for this one under the following program , Consolidate his debt so he can lower his daily and still get some proceeds depending on what's needed . Would that Work ? send me a DM if you want to give it a try

  2. #2
    Chapter 11

  3. #3
    Or Dave Ramsey's Debt Snowball and restart lol

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