Results 1 to 11 of 11
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06-27-2019, 10:47 AM #1
- Join Date
- May 2016
- Posts
- 90
Lender for Franchise purchase?
Need a direct lender. 100K, 685 credit, couple with solid work history, QSR franchise.
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06-27-2019, 11:02 AM #2
- Join Date
- Jul 2015
- Posts
- 168
We'll do business purchase finance @Lendvo under certain conditions.
Shoot us an email: support@lendvo.com
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06-27-2019, 11:36 AM #3
- Join Date
- May 2016
- Posts
- 90
What are those conditions? Im sure everyone would like to see your answer, no need to email yet.
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06-27-2019, 12:13 PM #4
- Join Date
- Jul 2015
- Posts
- 168
- Buyer is putting up at least 33% in cash
- Business being purchased has been in business for at least 3 years
- Buyer has specific and highly relevant experience to running that business
- Previous financial statements from seller and all requested documents are available
- If there is a holdback/seller finance component the seller will subordinate their security claim to Lendvo
- Approval of purchase and sale agreements by Lendvo
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06-27-2019, 12:16 PM #5
- Join Date
- Jul 2015
- Posts
- 168
Additionally you should know we are a term loan, NOT a purchase of receivables. This means legally we have a lot more leeway to structure purchase finance deals than an MCA contract would allow for.
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06-27-2019, 01:11 PM #6
- Join Date
- May 2016
- Posts
- 90
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06-27-2019, 01:22 PM #7
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,508
https://www.restfinance.com/Finance-...ate-Directory/
Perhaps someone attending this conference can help.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
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06-27-2019, 01:27 PM #8
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,508
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
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06-27-2019, 01:43 PM #9
- Join Date
- Jul 2015
- Posts
- 168
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06-27-2019, 02:36 PM #10
- Join Date
- Oct 2016
- Posts
- 4,318
This would have to be an SBA.
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06-27-2019, 02:53 PM #11
- Join Date
- May 2016
- Posts
- 90
Thanks all
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