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12-30-2021, 09:18 PM #1
- Join Date
- Aug 2021
- Posts
- 16
New Deal - Need to Factor 8 million in receivables - Client also has Collateral
Client wants to factor 8 million in receivables. It is a reputable company. They also have a 30 million storage facility that can be used as collateral.
Contact me at hhconsulting007@gmail.com or (612) 594-0510 if interested.
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12-30-2021, 10:27 PM #2
email me this:
Tax return
A/R aging
If that makes sense, will need:
Fiscal year end financials (balance sheet and income statement) most recent two years
Interim financials, most recent month end closed, balance sheet and year to date income statement
Cash collections, by month, for last 3 to 6 months
Accounts receivable aging summary, by major payor class, most recent month end (a system-produced report is preferred, PDF or Excel)
Is the company in arrears on taxes, mortgage, or leases?
Debt service: other than the line of credit being paid off by lender, what is the annual debt service of the Company (capital leases, term debt, other debt)
Who are the owners (ownership percentages for major stakeholders)
What are the primary Uses of the line of credit, other than to pay off an existing lender (AP paydown, etc)
Executive Summary or Web address
Summary of stimulus monies receivedLast edited by Olderguy; 12-30-2021 at 10:42 PM.
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.
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01-13-2022, 01:27 PM #3
- Join Date
- Jul 2021
- Posts
- 74
We do not need all of these docs, only a worksheet completed to present numbers. Thank you.
Jimmy-718-801-1085
jimmy@sigicancapitalcorp.com
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