Results 1 to 9 of 9
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03-08-2022, 01:02 PM #1
- Join Date
- Dec 2021
- Posts
- 3
500K unsecured loan for restaurant with long term - 1.5 yrs in business
needed
500K unsecured loan for restaurant - 1.5 yrs in business
income is 2.5M per year , only collateral is 150K in restaurant equipment , they rent the space
700 credit score , looks like a long shot I know , already talked to SBA lenders and that is a no go
anyone have any ideas ??
Jake
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03-08-2022, 01:20 PM #2
- Join Date
- Dec 2021
- Location
- New York
- Posts
- 6
Does he have any current positions?
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03-08-2022, 01:24 PM #3
- Join Date
- Feb 2017
- Posts
- 3,463
I sent you a PM, but in addition to the business loan, this is ripe for a personal loan to get him close to the $500k he wants. Please reach out to me
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03-08-2022, 01:26 PM #4
Jake:
You can use any business assets, personal assets as collateral for SBA loan with a non bank SBA lender..
Do they own personal residence or other personal assets?
Primary residence? Investment property?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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03-08-2022, 02:04 PM #5
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,993
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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03-08-2022, 02:53 PM #6
- Join Date
- Feb 2019
- Posts
- 209
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03-08-2022, 03:52 PM #7
- Join Date
- Jan 2014
- Posts
- 1,380
reach out to Jason at Quickstone they can give you nice offer 1st position via merchants credit cards then give him 150k fundbox or loanme and you have your 500k. ERTC is great program if they have/had w2 employees throughout covid but those take about 6-8 months to close. not sure if your merchant has that kind of time to wait.
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03-15-2022, 12:27 PM #8
- Join Date
- Mar 2022
- Posts
- 24
we want to
We would love to give that deal a shot please send over so we can underwrite and well have a response within 10 minutes.
6463002347
sub@ibexfundinggroup.com
preferred@ibexfundinggroup.com
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03-22-2022, 05:28 PM #9
- Join Date
- Mar 2022
- Location
- New york, NY
- Posts
- 11
alikahn@dencapital.org
929-409-9849
YES!!!
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