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08-01-2022, 01:21 PM #1
- Join Date
- Feb 2022
- Posts
- 27
Unsecured line of credit
Good afternoon. I have a client who owns an energy company that is looking for a large line of credit in the 10-20mil range. Company does 20mil a year. Does anyone know of any companies that can accommodate the client? Thanks in advance.
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08-02-2022, 02:29 PM #2
- Join Date
- Jul 2014
- Location
- Jackson Hole Wy
- Posts
- 732
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08-02-2022, 04:39 PM #3
- Join Date
- May 2022
- Posts
- 98
I have someone that does these types of deals. Bankable rates. Get in touch.
We have revamped our lending criteria for aggressive offers and maximum deal flow. We pride ourselves on being extremely creative and flexible.
Our funding Criteria:
- 5k minimum funding
- B, C, D paper
- Offers not based on credit score - low credit ok
- Response time (realistically) as low as 60 minutes
- 1st - 5th position - Up to 38% withhold of net deposits
- 1.32 buy rates
- Terms up to 140 days (weekly's upon approval)
- Max Upsell to 15 points
- Early Payoff Discounts
- 4 truck minimum for trucking industry
- 15k a month average revenue
- Minimum of 5 deposits per month
- Minimal stips (VC & ID)
- Docusign Contracts
- Commission paid after 1st debit clears (4 days)
! Attention Sales Reps !
- Ask us about our Line of Credit for syndication -
Michael Ross
Lendbug
New York, NY
Mross@lendbug.com
646-360-0411
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08-02-2022, 08:36 PM #4
If you have trouble with this, my non-bank lender can do up to $15M at around 9.5% 10 year term but 85% collateralized. But you will definitely need help by someone who had done this type of deal before. If any of the guys above can help you that's great.
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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08-03-2022, 02:31 PM #5
- Join Date
- Jan 2014
- Posts
- 1,380
if he is liquid 4m, I can tell you where to do to get him 20m LOC 7% interest, interest only payments, 5 yr term, with 1year option for extension.
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09-16-2022, 04:49 PM #6
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