Results 1 to 8 of 8
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05-18-2022, 05:47 PM #1
Home Care Provider Looking for Term Loan
Credit is approx. 650
Revenue is approx. $55K/mo
Bank statements are very healthy
I have 2019 & 2020 tax returns
Merchant is looking for a term loan; monthly payments.
Where is the best place to take this one?
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05-18-2022, 06:13 PM #2
How much do they want? Fico marginal. I'd try SBA Express. Then term loan companies. Pull credit and look at the % usage to limit on credit cards. A quick paydown will get their score up to 680 or better. Better chance on getting an approval. If you have never done one of these, give me a call.
Last edited by Olderguy; 05-18-2022 at 10:09 PM.
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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05-19-2022, 11:08 AM #3
- Join Date
- May 2020
- Posts
- 10
We offer unsecured Term Loans with monthly payments, feel free to reach out mbranciforte@national.biz 631-387-4157
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05-19-2022, 11:11 AM #4
- Join Date
- May 2020
- Posts
- 10
SBA would require protiable tax returns over the last 3 years, if they are profitable we can do a Hybridge SBA, get them a term followed by an SBA which they can pay off the term loan once the SBA funds after a few months.
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05-19-2022, 11:15 AM #5
Doesn't Hybridge require a 685 Fico? You can remove depreciation and officer's salaries to improve profitability for submission and underwriting. I've seen SBA loans down to 620 Fico with strong financials...but a 650 I really try and get the score up first.
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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05-23-2022, 10:20 AM #6
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05-23-2022, 11:01 AM #7
Get the score up and get a SBA Express if you have the time.
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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05-24-2022, 11:19 AM #8
- Join Date
- Apr 2021
- Posts
- 121
HYBRID ADVANCE is accepting new ISO's and putting out aggressive offers with a quick turnover time and minimal stips required to fund (VC,DL,EIN) whether its 10k or 1 Million.
Any deals in the B-D Paper space we will get it done no problem. Send all inquiries to kevin@hybridadvancellc.com
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