Results 1 to 4 of 4
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02-24-2021, 07:40 PM #1
- Join Date
- Oct 2020
- Location
- Philadelphia, PA
- Posts
- 3
Funding for Service biz in Orlando, FL
Hello,
I have a client in the following situation
Does not qualify for SBA and is located in Orlando, FL
Service Business is valued at 700k
Buyer putting in 163k
Seller note $175k
Seller equity roll $25k
Unsecured funds needed - $337k that the borrower will put in a PG for
The Business has equipment as collateral (not 100% value to loan)
Borrower is open to multiple structures and is not rate sensitive, but prefers I/O with balloon
Exit plan would be to refinance them into SBA
Term would be ~24 months
Happy to discuss more with any qualified DIRECT LENDERS
Any recommendations are appreciatedHas
Business Consultant/ISO
Cambay Business Advisors
Cell: (484)367-5254
http://www.cambaybusinessadvisors.com
has@cambayfinancial.com
16 N Bryn Mawr Ave # 212
Bryn Mawr, PA, 19010
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02-25-2021, 12:21 PM #2
For the equipment you may try Utica Leasco, Allan Gibbel 714-279-0099.
If the business is service related and they have receivables that are B2B I can look at that aspect of the business. We are owned by Gulf Coast Bank out of LA and can transition to SBA when they qualify.
JeannetteJeannette Nearing | Business Development Officer| AmeriFactors
| M (770) 362-2307
jnearing@amerifactors.com |
http://www.amerifactors.com
https://www.linkedin.com/in/jeannettenearing
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02-25-2021, 12:49 PM #3
Allan Gibbel is a good suggestion. Great guy, quick to look at a deal and gives honest feedback. This deal I believe would be too small, I believe $500,000 is their minimum.
We may be able to leverage their hard assets but I'm going to need some more info. Give me a call to talk it over.
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03-04-2021, 01:18 PM #4
- Join Date
- Oct 2020
- Posts
- 47
are there any assets to collaterize? good AR cnotracts? email me maxk@seabrookfunding.com
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