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12-23-2021, 08:38 PM #1Member
Reputation points: 2170
- Join Date
- May 2020
- Posts
- 52
Small MCA
I have a client that has a part-time courier business. Been in business for one year. Average monthly deposits are about $3700. Needs money to purchase a new van in order to grow his business. Who can help with this one?
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12-23-2021, 09:02 PM #2Senior Member
Reputation points: 72398
- Join Date
- Sep 2021
- Location
- Irvine, CA
- Posts
- 2,244
Not going to get a business loan...what was his personal income on his tax return for 2020...go for a personal loan...get about 100% of income. 660 or better Fico. monthly payment. Stupid question...can't they find a dealer to finance it?
Last edited by Olderguy; 12-23-2021 at 09:33 PM.
Steve Benjamin
Professional Business Loans
522 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.
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