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  1. #1
    Noob Reputation points: 10
    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 appreciated
    Has
    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

  2. #2
    Senior Member Reputation points: 5016 @jeannette's Avatar
    Join Date
    Dec 2012
    Location
    Buford, GA
    Posts
    280

    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.

    Jeannette
    Jeannette Nearing | Business Development Officer| AmeriFactors
    | M (770) 362-2307
    jnearing@amerifactors.com |

    http://www.amerifactors.com
    https://www.linkedin.com/in/jeannettenearing

  3. #3
    Senior Member Reputation points: 2902 JParr's Avatar
    Join Date
    Feb 2020
    Location
    Washington DC Area
    Posts
    113

    Quote Originally Posted by @jeannette View Post
    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.

    Jeannette
    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.
    Joshua Parrish | SLIM Capital
    (415) 938-4977 | josh@slimcapital.com
    www.slimcapital.com

  4. #4
    are there any assets to collaterize? good AR cnotracts? email me maxk@seabrookfunding.com

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