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  1. #1

    Seeking Term Loan or Line of Credit

    I have a client (a restaurant) that has been for over 5 years. Revenue was over 1.2M* a year. She has a 720 fico score and is looking for a term loan or Line of Credit for around $150K.
    Any Lender?
    Thank you.

  2. #2
    Senior Member Reputation points: 129707
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    I just sent you a reference!
    Micah Markowitz | mmarkowitz@abfunders.com | 855-33-GO-ABF (direct)

  3. #3
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    Quote Originally Posted by themvon View Post
    I have a client (a restaurant) that has been for over 5 years. Revenue was over 1.2M* a year. She has a 720 fico score and is looking for a term loan or Line of Credit for around $150K.
    Any Lender?
    Thank you.

    SBA Restaurant Fund opened today
    Dave Lambert
    FC Financial LLC
    dave@fcbankcard.com
    http://www.fcbankcard.com
    1-213-825-0179 (Text or Leave Message)
    Office: 727-233-1111

  4. #4

    Partner program

    Hi Micah, Thank you for sending me the reference. Does abfunders have the partner program?

  5. #5
    Hi Dave, Thank you so for a prompt response. A client does not want SBA; she needs a simple loan process. Do you know any private lenders such as Funding Circle?

  6. #6
    Senior Member Reputation points: 129707
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    Quote Originally Posted by themvon View Post
    Hi Micah, Thank you for sending me the reference. Does abfunders have the partner program?
    I'm signed up with them for sure. Shoot me an email, I'll give you another referral who can also help your client independently of the first.
    Micah Markowitz | mmarkowitz@abfunders.com | 855-33-GO-ABF (direct)

  7. #7
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    Quote Originally Posted by themvon View Post
    Hi Dave, Thank you so for a prompt response. A client does not want SBA; she needs a simple loan process. Do you know any private lenders such as Funding Circle?
    Private Lenders = Higher Interest Rates -

    Yes, I have a Rolodex of Hard Money Lenders -

    Call me to discuss -
    Dave Lambert
    FC Financial LLC
    dave@fcbankcard.com
    http://www.fcbankcard.com
    1-213-825-0179 (Text or Leave Message)
    Office: 727-233-1111

  8. #8
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    doesn't get any simpler than a SBA EIDL loan. money will be in her account in 3-4 days for the 150k she needs.

  9. #9
    Quote Originally Posted by Sachip24 View Post
    doesn't get any simpler than a SBA EIDL loan. money will be in her account in 3-4 days for the 150k she needs.
    I have no experience with the EIDL, but constantly hearing merchants talk about how they qualified for an increase on the EIDL under the new 500k maximum guidelines. Is the SBA throwing money around willy nilly on that or just mismanaged expectations by whomever they are dealing with?

    Is that process also moving quickly on the increase EIDL?

  10. #10
    We offer up to 15 months on A paper MCA submissions and 24 months on Term Loan submissions. Feel free to reach out for additional information.
    Benjamin Lugassy
    SOS Capital
    blugassy@soscapital.com
    P:212-235-5462
    F:212-235-5459
    www.soscapital.com

  11. #11
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    Quote Originally Posted by ryanh View Post
    I have no experience with the EIDL, but constantly hearing merchants talk about how they qualified for an increase on the EIDL under the new 500k maximum guidelines. Is the SBA throwing money around willy nilly on that or just mismanaged expectations by whomever they are dealing with?

    Is that process also moving quickly on the increase EIDL?
    yup throwing money around. they get an email with steps to take for the increase, they send in the documents go back in their portal hit accept once approved and done.

  12. #12
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    For 1st time people applying for EIDL - the process is not that quick.
    Dave Lambert
    FC Financial LLC
    dave@fcbankcard.com
    http://www.fcbankcard.com
    1-213-825-0179 (Text or Leave Message)
    Office: 727-233-1111

  13. #13
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    Quote Originally Posted by Yankeeman07 View Post
    For 1st time people applying for EIDL - the process is not that quick.
    yes it is. we've done over 100 million in in EIDL and PPP loans. I know how quick it is.

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