Results 1 to 4 of 4
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03-19-2020, 12:32 PM #1
- Join Date
- Apr 2016
- Location
- Grosse Pointe Woods
- Posts
- 6
46 yr. old Corporation with 3 Montessori schools looking for funds
Anybody funding Education? 46 yr. old corporation with 3 Montessori schools doing $150k/mo. in revenue looking for $40k. Has current balance with Rapid of $10k but Rapid has paused funding. Owners have 700 credit scores and schools while on spring break this week are open.
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03-19-2020, 12:42 PM #2
- Join Date
- Feb 2017
- Posts
- 3,463
Do the clients have senior debt already? LOCs, SBAs, real estate loans, etc?
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03-19-2020, 12:47 PM #3
- Join Date
- Apr 2016
- Location
- Grosse Pointe Woods
- Posts
- 6
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03-19-2020, 12:55 PM #4
- Join Date
- Feb 2017
- Posts
- 3,463
You should collect the credit reports and prove the credit is 700+.
There are many options for clients with 700+, whether it's through unsecured loans / LOCs, unsecured business lines of credit (those would require real banks), and there are ways for you as a broker to make money off of it as well. Won't be 10 points, but it will be worth your time.
I'm happy to discuss, send me an email and let's set up a time.
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