[goatFunding]

Who would be a good partner for business term loan. 2-4MM
Biz generating 20MM yearly. No SBA

[Olderguy]

I can do it up to $10M with 85% collateralization of business assets. And why not SBA 7A may I ask? Guidelines might be close to the same.

[Kevin Henry-Seacoast]

I can do it up to $10M with 85% collateralization of business assets. And why not SBA 7A may I ask? Guidelines might be close to the same.

When did you become a direct term lender?

[Kevin Henry-Seacoast]

Who would be a good partner for business term loan. 2-4MM
Biz generating 20MM yearly. No SBA

What is net income? Industry? I am NOT a broker. Just asking questions to hopefully point you in the right direction.

[Olderguy]

When did you become a direct term lender?

Didn't say I was...they requested a good partner, not a direct lender.

I'd look at A/R, inventory, all business assets, financials, would want know the SBA issue.

Most on this forum don't have the experience to handle a loan like this anyways...certainly brokers with whom I have spoken.

[Kevin Henry-Seacoast]

Didn't say I was...they requested a good partner, not a direct lender.

I'd look at A/R, inventory, all business assets, financials, would want know the SBA issue.

Most on this forum don't have the experience to handle a loan like this anyways...certainly brokers with whom I have spoken.

I can do it up to $10M with 85% collateralization of business assets. And why not SBA 7A may I ask? Guidelines might be close to the same.
Your language in your first response suggests you are a lender. If you are suggesting another party and acting as a broker, you should disclose as such.

[Olderguy]

Yes dad....thank you for the lesson...

https://dailyfunder.com/showthread.p...nder-denied-it

[Kevin Henry-Seacoast]

Yes dad....thank you for the lesson...

https://dailyfunder.com/showthread.p...nder-denied-it

I am not you "Dad". Disclose your intentions or role....the rules of the forum are pretty simple.

[goatFunding]

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[goatFunding]

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[goatFunding]

What is net income? Industry? I am NOT a broker. Just asking questions to hopefully point you in the right direction.

They finished off with a slight loss this past year.

[Kevin Henry-Seacoast]

They operated at a slight loss this past year. I appreciate you.

Unless they have turned a profit this year and those profits can support the term loan, it might be difficult.

[WestCoastFunding]

Who would be a good partner for business term loan. 2-4MM
Biz generating 20MM yearly. No SBA

Things you need to find out:

1) What is the debt service coverage ratio (DSCR)?
2) State the company is located?
3) Industry type?
4) How much existing debt?
5) Available collateral (usually CRE)?

A lot of term lenders have regional restrictions. Many like to concentrate on certain industries. So you need to use those to narrow down the lender list. But most important is the ability to service the new debt. That means: after the new loan is in place, and it replaces existing debt, how how much free cash is left over to use for the new debt payments. Lenders like a ratio of 1.2. If it’s not around there then you’ve got little chance.

[goatFunding]

Things you need to find out:

1) What is the debt service coverage ratio (DSCR)?
2) State the company is located?
3) Industry type?
4) How much existing debt?
5) Available collateral (usually CRE)?

A lot of term lenders have regional restrictions. Many like to concentrate on certain industries. So you need to use those to narrow down the lender list. But most important is the ability to service the new debt. That means: after the new loan is in place, and it replaces existing debt, how how much free cash is left over to use for the new debt payments. Lenders like a ratio of 1.2. If it’s not around there then you’ve got little chance.

Thank you westCoast!

[goatFunding]

Unless they have turned a profit this year and those profits can support the term loan, it might be difficult.

Thank you!

[KingVance1]

Who would be a good partner for business term loan. 2-4MM
Biz generating 20MM yearly. No SBA

Hey, I know a lot of people have referred multiple sources, but I personally have a great relationship with Brenden at Direct Funding Club. If your still up for it reach out and he'll be able to assist you!
Here is his info: Brendan@directfundingclub.com / 917-858-8483

[GoldStandard]

If current financials are profitable and not a huge loss last year you can do a 7A Ameris bank is good.
I have a mezzanine guy i can refer if larger like you say. The year before last most be profitable too.

Thank you for your consideration, Cheers!

Managing Director
Alexander "Gold" Onetto
Mobile732) 917-1594| Office: 305-677-9599
Toll Free833) 933-8362 | Fax: (888) 328-9039
Email: Alex@FutureFunding.co or Apps@FutureFunding.co
www.FutureFunding.co

[Ourmerchants]

They finished off with a slight loss this past year.

Hey,

Even though they finished the 2021 year with a loss, most lenders use EDITDA so if the client took home a salary , wrote off depreciation or interest , you can factor any of those 3 to the bottom line. So that slight loss might be a big positive net return . Depending on if those 3 factors were used as part of the business deductions.

I am an MCA funder but have some amazing Alt A / B connections lenders that we are partnered with . A 7A SBA would be a great solution for the 2 to 4 million as mentioned above , but lately its been taking us a few months especially if real-estate is involved .

If your client could or would entertain a 5 year monthly program up to 500K as a " bridge loan" to hold them over as you work on a SBA / CRE loan for them , please reach out . I usually get these done within a weeks time with out all the crazy financials SBA or a bank would ask for and the loan has a no prepay penalty so if you are successful in getting them the larger amount they can just pay off the loan and only pay the interest to date .

Please private message me if this may be of any interest to your client.

[iwise]

I'd love to get you a term loan for this. Call/email me.

Isaac Wise
isaac@slateadvance.com
732-268-0212