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  1. #1

    Seeking possible term loan for an investment company

    Merchant is looking to expand into restaurant franchising, $40-60k in gross deposits/month

    640 FICO - looking for a term loan 3 years if possible, I know the FICO isn't the best.

  2. #2
    Member Reputation points: 222 Prosperum Funding's Avatar
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    8 W 36th St NY, NY 10018
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    3 year term

    Quote Originally Posted by MOC Funding View Post
    Merchant is looking to expand into restaurant franchising, $40-60k in gross deposits/month

    640 FICO - looking for a term loan 3 years if possible, I know the FICO isn't the best.

    Does this merchant have any equity?
    If so I can help here. PM me.
    Frank Jacobs,
    Funding Director
    ProsperumFunding.Com
    | Office | (929) 376-8912
    | Fax | (888) 894-3518 or (212) 706-0117
    | Email | FJacobs@ProsperumFunding.com
    8 West 36th Street, Floor7 | New York, NY 10018

  3. #3
    Senior Member Reputation points: 66298 Olderguy's Avatar
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    Irvine, CA
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    2,087

    1. 3 year hard money bridge loan if they have property with equity.
    2. SBA 7A - 10 year term loan 6% - if any property (O/O, NOO, commercial) , assets, etc....if the financials are strong, we can submit with the 640 score even though 660 are guidelines....these take 60+ days to fund.
    3. EIDL SBA disaster relief loan if appropriate. (3 months behind now)
    Steve Benjamin
    Professional Business Loans

    1012 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

  4. #4
    No equity, high fico etc, however the merchant is now open to an mca with the longest possible term he qualifies for.

  5. #5
    Please pm me if you have any questions or possibly provide longer mca terms

  6. #6
    How about a 10 year simple interest term loan instead with no pre payment penalties? Send us an email if you are interested!
    LoanMe Business
    949-535-7798
    Email: Business.Loans@LoanMe.com




    www.loanme.com/SBL-partner
    1900 S State College Blvd. Suite 300
    Anaheim, CA 92806

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