[ryanh]

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:

1. SBA Loan with a balance of $335,777 and a monthly payment of $4,220 (acquired Feb 2018)
2. Line of Credit with BlueVine with a balance of $65,000 and a $8,700 monthly payment
3. Merchant Cash Advance with a B paper lender with a $51,680 balance and a $2,600 weekly payment

[abfunders]

Factoring can likely buy out the SBA and the MCAs.

[Marvin]

Sent you a PM, Ryan

[omegafund]

Use his yellow iron equipment

[ADiamond]

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:

1. SBA Loan with a balance of $335,777 and a monthly payment of $4,220 (acquired Feb 2018)
2. Line of Credit with BlueVine with a balance of $65,000 and a $8,700 monthly payment
3. Merchant Cash Advance with a B paper lender with a $51,680 balance and a $2,600 weekly payment

If client chooses to get CRE involved, let me know we can do a nice deal fast for you.

Goes for any equipment/machinery as well since he does road construction.

[Cal Fal Equipment Finance]

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.