Dog Grooming/Boarding operatoin
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  1. 07-24-2019, 04:53 PM #1
    skideeppow
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    Dog Grooming/Boarding operatoin

    These guys do $750k a year in gross rev. They currently have a Kabbage product out, 12 month 1.18.

    I am just reaching at straws here, anyone have something i could compete with on this?
    I put my contact info in here, and
    was bombarded with spam from funders
    if you need to reach me PM me
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  2. 07-24-2019, 06:09 PM #2
    B2csp
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    Quote Originally Posted by skideeppow View Post
    These guys do $750k a year in gross rev. They currently have a Kabbage product out, 12 month 1.18.

    I am just reaching at straws here, anyone have something i could compete with on this?
    are you trying to give them something similar rate to Kabbage or similar in terms?
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  3. 07-24-2019, 09:26 PM #3
    LJH365
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    I hate to ask the obvious- why not a term loan or even a loc?
    Sean Hawley
    CEO
    BLF
    Bright Light Freight
    shawley@brightlightfreight.com.com
    631-210-6327
    SBA, Term Loans, LOC, MCA & Equipment Finance (Transportation & Trucking)
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  4. 07-25-2019, 10:38 AM #4
    Yankeeman07
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    Quote Originally Posted by skideeppow View Post
    These guys do $750k a year in gross rev. They currently have a Kabbage product out, 12 month 1.18.

    I am just reaching at straws here, anyone have something i could compete with on this?
    SBA @ 8.25% - $150K nets them in the range of $142K - 120 payments - No penalty for early pay-off
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial
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  5. 07-25-2019, 10:43 AM #5
    abfunders
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    Since it's monthly, you shouldn't offer to replace it. If there's enough space, you can try to stack with Bluevine.
    Micah Markowitz | mmarkowitz@abfunders.com | 314-396-2828 | abfunders.com
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  6. 07-25-2019, 10:52 AM #6
    Kevin Henry-Seacoast
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    Quote Originally Posted by skideeppow View Post
    These guys do $750k a year in gross rev. They currently have a Kabbage product out, 12 month 1.18.

    I am just reaching at straws here, anyone have something i could compete with on this?
    SBA or LOC with a local community bank. Live Oak Bank does a lot of SBAs for veterinarians. Perhaps they would be competitive with a dog grooming business. Woof!
    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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  7. 07-25-2019, 12:17 PM #7
    skideeppow
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    Quote Originally Posted by LJH365 View Post
    I hate to ask the obvious- why not a term loan or even a loc?
    they dont want to do the brain damage of an sba loan.
    I put my contact info in here, and
    was bombarded with spam from funders
    if you need to reach me PM me
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  8. 07-25-2019, 12:31 PM #8
    Kevin Henry-Seacoast
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    Quote Originally Posted by skideeppow View Post
    they dont want to do the brain damage of an sba loan.
    Translation: There is something in their financials they don't necessarily want a real institution that will do a proper review to see.

    Brain Damage-Most community banks have an expedited process to get SBA deals done.
    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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  9. 07-25-2019, 05:25 PM #9
    skideeppow
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    Quote Originally Posted by Kevin Henry-Seacoast View Post
    Translation: There is something in their financials they don't necessarily want a real institution that will do a proper review to see.

    Brain Damage-Most community banks have an expedited process to get SBA deals done.
    no, she has only owned the business for 18 months.
    I put my contact info in here, and
    was bombarded with spam from funders
    if you need to reach me PM me
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  10. 07-26-2019, 01:12 PM #10
    FifthVenture
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    I've gotten rates as low as a 1.15 if credit score is over 700 but hey i'm just a broker.
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