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01-18-2022, 01:20 PM #1
- Join Date
- Jan 2022
- Posts
- 14
Diagnostic Center funding request
I have a client that owns and operates 4 diagnostic imaging centers in New York.
Client is seeking a business loan for growth and expansion.
The Total funding request is 4 million usd. ( 2.5 million refi and another 1.5 million for expansion and growth)
Company been in business since 2004
The company services include:
Open High Filed MRI
Breast MRI
CT Scan
Bone Densitometry
Digital Mammography
Ultrasound
Digital X-Ray
Here is what the client has:
A/R totaled about 3 million
50yr ground lease on an 8000 square ft building (which client can take up to 2.5 million against)
Equipment valued maybe 1-2 million.
PLEASE NOTE: CLIENT IS LOOKING FOR SOMETHING CONVENTIONAL, HE IS NOT LOOKING FOR ANY ACCOUNT RECEIVABLE FUNDING or Any SBA Loan
PM me please!
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01-18-2022, 01:38 PM #2
- Join Date
- Feb 2017
- Posts
- 3,450
PM sent. The difficulty is convincing the borrower that their dreams can be accomplished without forcing the box around "something conventional" considering that the SBA is often cheaper. You didn't describe the senior debt 100%, what it is or what the terms are, so that there's a possibility of either coming in with an intercreditor agreement to top it off, or if refi'ing makes sense.
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01-18-2022, 02:59 PM #3
I had the same question....why not A/R or SBA 7A? Can collateralize all business assets and even primary residence. I'm not sure what conventional financing you are seeking.
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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