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08-05-2022, 05:23 PM #1
- Join Date
- Oct 2012
- Posts
- 142
Term Loans
Any suggestions for a term loan?
Thanks!
Howie Dane
President
Funding Sources for Business
president@fundingsourcesforbusines.com
(847) 8314118Howie Dane
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08-05-2022, 05:42 PM #2
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,977
SBA 7(a)
Most Active SBA Lenders
100 most active SBA 7(a) lenders
Workbook: 7a504LenderReport (sba.gov)Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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08-05-2022, 06:16 PM #3
Before you go through that list, I suggest you might want to team up with someone who has experience doing these...a lot of brokers here have contacted me on SBA declined files that I was able to get approved.
I would be more than happy to explain the different term loan options (some SBA and some not) and what you night run...into and then you can decide if you want to handle it yourself or seek further help.
Your choice.Last edited by Olderguy; 08-05-2022 at 06:18 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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08-05-2022, 06:36 PM #4
- Join Date
- Oct 2012
- Posts
- 142
Thanks guys for your input. I don't think they want an SBA Loan. They are looking for a Term Loan, at least (12) months with decent weekly payments. They have (2) outstanding MCA's, totaling $290K. Excellent credit score, month deposits of $800K-$1M.
Howie Dane
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08-06-2022, 01:52 PM #5
- Join Date
- Jun 2020
- Location
- San Jose, CA
- Posts
- 9
Howie,
I can help them with a term loan to consolidate the MCA's. I will DM you a short questionnaire and pre-qual form.
Regards,
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08-08-2022, 04:37 PM #6
- Join Date
- Jul 2014
- Location
- Jackson Hole Wy
- Posts
- 730
SBA
IOU does term loans now
bzuniga@omegafund.com
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08-08-2022, 05:05 PM #7
- Join Date
- Oct 2012
- Posts
- 142
Term Loans
Thanks!
Would you a contact number?Last edited by FSB; 08-08-2022 at 05:07 PM.
Howie Dane
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08-08-2022, 05:26 PM #8
- Join Date
- Feb 2017
- Posts
- 3,455
Kalamata also
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08-09-2022, 09:23 AM #9Leverage Capital Associates
Robb Payne
Managing Partner
Direct (561)440-3517
robb@levcapconsulting.net
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08-09-2022, 09:50 AM #10
- Join Date
- Nov 2019
- Posts
- 687
Why would a merchant want to use new money to payoff old money. When you do that it just makes the new money even more expensive. Why would a business want long term deals when business always needs money which is proven with him having 2 current advances and probably more. The merchant needs a short term advance that gives a lower rate and on renewals the funder just extends the term out keeps the one same payment like a line of credit. This is the type of program my company offers on a 1st position mca. You can reach me at either scott@tmrnow.com or 212-220-9872.
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