catering company seeking 250k
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  1. #1

    catering company seeking 250k

    Hello,

    I have a client who has a 1st position OnDeck loan. They still have 12 months remaining on their loan. They average about 400k a year. Have an average bank balance of 50 to 60k. Who can do a strong 2nd position. Low rate long term.

    Thanks,

  2. #2
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    Quote Originally Posted by CashAdvanceKing View Post
    Hello,

    I have a client who has a 1st position OnDeck loan. They still have 12 months remaining on their loan. They average about 400k a year. Have an average bank balance of 50 to 60k. Who can do a strong 2nd position. Low rate long term.

    Thanks,
    A business averaging <$35K per month, has a 1st position - Wants $250K?

    How would the business service the loan?
    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

  3. #3
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    loanme

  4. #4
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    LoanMe isnt funding 250k unless in CA

    If good Credit and Owns Property..... thats the only hope and prayer you have

  5. #5
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    Ryan, check again. LoanMe extended their $250,000 Tier A1 Prime Business Loans to most of the states that they lend in. https://www.loanme.com/smallbusiness/rates

  6. #6
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    Sounds like our sweet spot. 2/3rds we love and are very competitive at.
    Eli S.
    FOx Business Funding
    Iso manager
    347. 562. 8796
    elis@foxbusinessfunding.com


  7. #7
    CDG can get aggressive on a deal like this- team@centraldiligencegroup.com or 877-961-4403 x101

  8. #8
    Send to james@ufsfunding.com

    Great guy, good commisions and will work with you .

    you can call him @ 917-543-1545

  9. #9
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    Quote Originally Posted by hamito View Post
    Send to james@ufsfunding.com

    Great guy, good commisions and will work with you .

    you can call him @ 917-543-1545
    Great guy agreed, Marcus was his mentor/idol.

    James learned everything he knows about MCAs from Marcus from Mantis.

    give him a call

  10. #10
    Ill go in for 100k most likely.

    Call me 212-222-9514

  11. #11
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    Why wouldn't you try for a longer term loan as opposed to a second?

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