Results 1 to 4 of 4
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05-11-2022, 01:37 PM #1
- Join Date
- Jan 2022
- Posts
- 10
Staffing company looking for 60 to 75k term loan
So I have a client who has his own staffing and recruitment firm. His credit is around 700. He gets around 58,000 in deposits each month. He's been in business for 6 years. The hiccup is he's been operating out of his home since covid. But does have a business bank account. He's looking for a term 3-5 year term loan for 60 to 75k. Feel free to send me a direct message.
Ryan Powell
Rifi Capital
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05-11-2022, 01:59 PM #2
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,508
Hi Ryan,
We are the largest payroll funder, factor, and asset based lender to staffing companies in the US. Unfortunately this is way too small for us. Term loans don't work well for staffing companies as they are not revolving facilities. You would be better served obtaining a factoring facility. PM me and I will gladly refer you to some folks.Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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05-11-2022, 02:56 PM #3
- Join Date
- Jan 2022
- Posts
- 10
Thank you. I'd like to learn more about factoring. What are the payouts to ISOs. How long are the terms. What are interest rates for the clients
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05-11-2022, 03:59 PM #4
- Join Date
- Nov 2014
- Posts
- 438
Hi Ryan,
What state are they in?
Please consider submitting to us if they are in a LoanMe state
SBL product is available in the below 29 states + Washington D.C., our minimum TIB is 90 days w/a business checking account to match.
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• Six Loan Tiers, A-E
• Loan Amounts: $3,500 - $100,000
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• Qualification Based on Affordability – Overall Credit Health of PG(Personal Guarantor)
• Partner Commission: 5 points
• Merchant: Minimum Monthly Income $3,500
• Merchant: Minimum Annual Income $42,000
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• 90 Days in Business
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949-535-7798
Email: Business.Loans@LoanMe.com
www.loanme.com/SBL-partner
1900 S State College Blvd. Suite 300
Anaheim, CA 92806
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