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  1. #1

    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)
    New York State Article 28
    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!

  2. #2
    Senior Member Reputation points: 66298 Olderguy's Avatar
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    Irvine, CA
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    Define "conventional".
    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.

  3. #3
    I would like to present your loan request to a select group of the lenders I work with. No upfront fees and no obligation. If open, I would present your information given in Daily Funder and see if they would like to open communication channels with you regarding your request for a $4M loan. If agreeable, contact me at my business email: info@cg-consultant.com

  4. #4
    This can be done quick and professionally with my Firm, contact me at mikep@prosperumfunding.com

  5. #5
    The best financing terms would be through an SBA loan. Not sure why the client does not want SBA.

    As the fastest growing direct, non-bank SBA lender in the country, an SBA loan would be a great choice.

  6. #6
    Senior Member Reputation points: 24994
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    Quote Originally Posted by Family man View Post
    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)
    New York State Article 28
    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!

    The real question is what is their EBITDA? Literally, the only thing that matters in the beginning. If their EBITDA is not 550k or higher, then the ask is probably too high. Don't know why it matters if it is conventional, factoring, or a sba. Term & Cash flow should be the primary focus

  7. #7
    Senior Member Reputation points: 66298 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    2,085

    EBITDA - earnings before interest, taxes, depreciation, and amortization, is a measure of a company's overall financial performance and is used as an alternative to net income in some circumstances.... This metric also excludes expenses associated with debt by adding back interest expense and taxes to earnings.

    Don't know why they would not consider SBA 7A.
    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.

  8. #8
    If the company cash flows we would be interested

  9. #9
    Sir, are you still seeking funding?

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