Unsecured line of credit
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  1. #1

    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.

  2. #2
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    Quote Originally Posted by Keysade View Post
    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.
    20M annual revenues. Needs at least 20M in assets to get a 10M LOC. AR and Real and Real Estate will be needed. We know who can do these reach out

  3. #3
    Quote Originally Posted by Keysade View Post
    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.


    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

  4. #4
    Senior Member Reputation points: 68259 Olderguy's Avatar
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    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

    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.

  5. #5
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    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.

  6. #6
    Quote Originally Posted by Sachip24 View Post
    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.
    Interested

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