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  1. #1

    Client needing business or working capital loan

    I have a client with a middle FICO of 665 showing $480,000 on 2021 tax returns, up over $200,000 YTD. He has a home-based insurance business. The issue is, until two weeks ago, all of his income went to his personal account, as he was operating as a sole proprietor. He only formed a business entity two weeks ago. He is looking for a maximum loan amount based on his income, as he wants to hire additional agents to expand his rapidly growing business. Does anyone have a lender that would provide this type of funding using his personal bank account as the source of income? I have several lenders that would do this type of loan but they need three months business bank accounts and he would really like to get started now.

    Tom Harrier
    Integrity Commercial Loans, LLC
    407-928-8542
    www.integritycommercialloans.com

  2. #2
    Senior Member Reputation points: 66298 Olderguy's Avatar
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    Capitalize Group
    Steve Benjamin
    Professional Business Loans

    1012 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.

  3. #3
    Thanks, Steve.

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