Results 1 to 10 of 10
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07-21-2022, 11:47 AM #1
- Join Date
- Jul 2022
- Posts
- 7
Funding for Startup
Hi, We are looking for $100K funding for a startup. LOC preferred but Working Capital OK. The company was incorporated about 8 months ago and started its sales activity this month. They expect 25+ sales this month and about 40+ next month, each between $5K and $20K. The owner's FICO is very strong and he has extensive experience in the space. Thanks, A
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07-21-2022, 11:55 AM #2
- Join Date
- Feb 2017
- Posts
- 3,455
Very strong FICO? This is DEFINITELY a business credit card deal. Send me an email, I'll make you the introduction.
Down the line, you can do factoring and "normal" lines of credit, but as a startup with no revenue, business CCs are the way to go.
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07-21-2022, 01:23 PM #3
- Join Date
- Oct 2016
- Posts
- 4,318
Do what Micah said. It’s probably your only option.
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07-21-2022, 02:36 PM #4
- Join Date
- Feb 2014
- Location
- Florida
- Posts
- 266
Agreed!
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07-21-2022, 02:42 PM #5
SBA 10-15 day turnaround
Jerry Starr
Insource Funding
433 Plaza Real,
Boca Raton, Fl 33432
P: 800-805-3391 Fx: 561-270-6895
insourcefunding.net
WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL
◆ 50% LTV - No Fico Required
◆ 90% CLTV on Purchases
◆ Investment Residential / Commercial Properties
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07-21-2022, 05:32 PM #6
- Join Date
- Jul 2022
- Posts
- 7
Thank you, JStar, They would do this under the Express program?
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07-21-2022, 05:33 PM #7
- Join Date
- Jul 2022
- Posts
- 7
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07-22-2022, 02:28 PM #8
- Join Date
- Jul 2022
- Posts
- 7
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07-22-2022, 03:14 PM #9
SBA has a microloan program for start ups directly on the SBA website.
Max is $50,000.
https://www.sba.gov/funding-programs/loans/microloansLast edited by Olderguy; 07-22-2022 at 04:01 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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07-25-2022, 06:21 PM #10
- Join Date
- Jul 2022
- Posts
- 7
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