[mca123]

Business owner has ~650 credit, owns a home valued at $150k, and is looking for an asset based loan for a $100k purchase . Also has a business that's been running about a year, with monthly sales about $10k.

What kind of docs would you need for a deal like this? Is a hard money loan a better option than an ABL? If so, which funders do asset based lending (WBL, SFS, etc)?

[bdshaw]

Business owner has ~650 credit, owns a home valued at $150k, and is looking for an asset based loan for a $100k purchase . Also has a business that's been running about a year, with monthly sales about $10k.

What kind of docs would you need for a deal like this? Is a hard money loan a better option than an ABL? If so, which funders do asset based lending (WBL, SFS, etc)?

your leaving out a lot of questions such as what are the assets and liabilities of the business he's purchasing?
Please give me a call if you have some time to discuss it.
Bob Shaw
734.929.3800

[anydealfunded]

What are the assets and liabilities of the potential business? I work with three different banks and can get you a very beneficial situation. Please call 774.208.8118.

[anydealfunded]

You will need 3 years bank. 3 years tax return. Company financials and a few other things.