[goldenhippo80]

Hello,
I have a client looking for 350-500k. He does ~7mil a year. 700+ credit. He currently has one term loan with a 480k balance. Can anyone recommend a lender that would go out to 5-10 years.

[Olderguy]

If his term loan is a SBA 7A, he can go back to the same lender and get a second SBA 7A. Otherwise a 7A is 10 years at 7%. Needs 85% collateralization. Does he qualify for A/R factoring?

[abfunders]

Hello,
I have a client looking for 350-500k. He does ~7mil a year. 700+ credit. He currently has one term loan with a 480k balance. Can anyone recommend a lender that would go out to 5-10 years.

The 480k term loan, what type of senior debt is it? Bank? What's the collateral? Does he have any lines of credit? Of course an MCA may work here, but if they're interested in something more prime, it takes more underwriting. There are plenty of direct 1st position funders out there who can do this, but the question is if the client will take 20-30% rates.

[CRElender]

If we could secure the debt I may be able to offer longer terms.

Direct SBA lender, fast closings.

[omegafund]

If real estate with sufficient equity we can consider

www.omegafund.com

[Funded In A Jiffy!]

Funded In A Jiffy! said:
Today 03:37 PM
I'm looking for working capital deals where the owners credit score is 560 or above. This is a monthly payment loan. No more than 14 Nsf in the last 90 days. Can fund up to $250k. Must be in business 2 years.

Call me at 765.517.0975 or email Lorraine at lorraine@moveaheadfin.com.

[Ehenek]

Oh wow, these are perfect files I work on frequently. I would love to chat with you. I see you have some replies above, but I do this day in and out for a firm. If interested contact me at 1-516-236-4086 Elon Henek

[GoldStandard]

Call my guy Cameron Stanton from IOU Financial, if over $500k a month and $50k balances with 660+ vantage score term loans up to double monthly avg with $1.5M max in 1st or 2nd up to 36 months with monthly payments factor rates of 1.51 for 24 months and 1.72 for 36 months.
IOU is also making Exceptions... Fund Alot they Just funded $675k renewal Dr. over 18 months paying $365k in MCA's not including there balance.
Account Executive
678.894.1773
cstanton@ioufinancial.com

IOU Financial
Business Lending. Simplified.

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