Results 1 to 5 of 5
-
09-12-2014, 01:07 PM #1
- Join Date
- Sep 2014
- Posts
- 1
Loc
I have a customer who's been in business for a year 750 plus credit score need a line of credit 150,000 plus. $200,000 min monthly receipts, all trucks and equipment and materials are paid for. What bank/lender would be my best bet? Thank you
-
09-12-2014, 01:34 PM #2
- Join Date
- Sep 2014
- Posts
- 263
Tom if he owns his equipment we can do a sale leaseback and get him 3 to 4 year terms - you would get 7 points
-
09-12-2014, 01:40 PM #3
- Join Date
- Jun 2013
- Posts
- 195
Tom perfect deal for us at WBL. Give me an email at cpepe@wbl.com or call at 212 293 8210
Chris Pepe
Vice President
-
09-12-2014, 06:21 PM #4
- Join Date
- May 2014
- Posts
- 12
Loc
Business credit and capital has a one-of-a-kind line of credit program. Call FREDDY at 347-274-0907
-
09-15-2014, 09:49 AM #5
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Loc
Tom- a true line of credit would allow your customer to borrow and pay back as their need for working capital varies. That means they don't have to pay over a longer term they just pay for the time they need the money. the amount of the line will be determined by the value of the collateral pledged from time to time. No MCA company can provide a true line of credit.
We have programs like that. Please give me our contact information and I will explain it in further detail.