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08-28-2019, 02:40 PM #1
- Join Date
- Dec 2017
- Posts
- 277
LOC Based on Company's Balance Sheet
I am seeking a lender who can provide a LOC based on the company's balance sheet.
BS Capture.PNG
Hurdle
The majority owner has a Chapter 13 discharge which is a year old.
Thank you in advance,
Mike
msla*****er@sla*****er.com
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08-28-2019, 04:12 PM #2
- Join Date
- Jul 2014
- Location
- Jackson Hole Wy
- Posts
- 732
How do you suppose a lender secure a balance statement? A factor or lender will use the AR and might use the inventory for a combination term loan/LOC. ABL
Is this the actual balance statement or just a sample? Looks like you have work in progress. What do they do? You need to get more information. There are balance statement lenders but they ultimately will want security on AR, equipment, or inventory., real estate..
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09-04-2019, 09:57 AM #3
- Join Date
- Dec 2017
- Posts
- 277
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09-04-2019, 10:04 AM #4
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,509
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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