Results 1 to 6 of 6
-
12-05-2019, 05:24 PM #1
- Join Date
- Mar 2019
- Posts
- 105
Need A Large LOC - Any Outlets
Hello All,
Have a client who needs a 600k LOC or Term Loan (no desire to get CRE involved). Anyone care to share a good outlet?
Time in Business: 2009
FICO: 700
Monthly Gross: 700k - 1mm
Average Daily Bank Balance: 250,000, never overdrafts
Profitable: Yes
Industry: Road construction
Customer Base: Primarily government contracts
Funding Desired: 600k
Use of Funds: To execute current contracts
Current Outstanding Business Debt:
- SBA Loan with a balance of $335,777 and a monthly payment of $4,220 (acquired Feb 2018)
- Line of Credit with BlueVine with a balance of $65,000 and a $8,700 monthly payment
- Merchant Cash Advance with a B paper lender with a $51,680 balance and a $2,600 weekly payment
-
12-05-2019, 06:21 PM #2
- Join Date
- Feb 2017
- Posts
- 3,429
Factoring can likely buy out the SBA and the MCAs.
-
12-05-2019, 06:35 PM #3
- Join Date
- Mar 2016
- Posts
- 83
Sent you a PM, Ryan
-
12-05-2019, 11:47 PM #4
- Join Date
- Jul 2014
- Location
- Jackson Hole Wy
- Posts
- 727
Use his yellow iron equipment
-
12-06-2019, 11:37 AM #5
-
12-06-2019, 04:23 PM #6
- Join Date
- Aug 2019
- Posts
- 43
If they own their equipment free and clear, we may be able to lend up to 70% of the forced liquidation value of the equipment. Could be a higher amount if they are cash flowing. If its newer equipment we could go out 60 months.
Cal Falkenhayn | Senior Account Executive
Equipment Leasing Group of America
211 Waukegan Road, Suite 100 |Northfield, IL 60093
O: 847-784-0011 | F: 847-784-0066 | M: 847-922-2729
calfalkenhayn@elgallc.com | www.elgallc.com
Similar Threads
-
Large Deals
By Kevin Henry-Seacoast in forum Deal BinReplies: 5Last Post: 07-23-2018, 11:08 AM -
Large Consolidations!
By aak723 in forum Deal BinReplies: 1Last Post: 08-02-2017, 06:51 PM -
Large consolidation
By MikeC524 in forum Deal BinReplies: 3Last Post: 04-14-2015, 10:41 AM -
Large Consolidation
By MikeC524 in forum Merchant Cash AdvanceReplies: 2Last Post: 04-09-2015, 04:55 PM -
Looking for a large loan.. possibly 2 large loans over the next couple weeks.
By rld in forum Business LoansReplies: 5Last Post: 06-06-2014, 09:35 AM