Financing based on inventory
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  1. #1

    Financing based on inventory

    Good afternoon. I have a client who has over 13mil in inventory and would like to use that as collateral in order to get a loan. I am looking for direct lenders to assist me with this. Thank you.

  2. #2
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    Quote Originally Posted by Keysade View Post
    Good afternoon. I have a client who has over 13mil in inventory and would like to use that as collateral in order to get a loan. I am looking for direct lenders to assist me with this. Thank you.
    Lee Haskins at Cross Roads Financial might be able to help.
    Kevin Henry
    VP-Business Development
    Seacoast Business Funding, a division of Seacoast Bank
    561-850-9346
    Kevin.Henry@SeacoastBF.com
    1880 N Congress Ave., Suite 404
    Boynton Beach, FL 33426

  3. #3
    Senior Member Reputation points: 72961 Olderguy's Avatar
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    Let me know if that doesn't work...I have a lender that can go up to $15 MM. 85% collateralization term loan.
    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.

  4. #4
    Thank you

  5. #5
    Quote Originally Posted by Keysade View Post
    Good afternoon. I have a client who has over 13mil in inventory and would like to use that as collateral in order to get a loan. I am looking for direct lenders to assist me with this. Thank you.
    This may be something we can help with. We do asset/inventory/accounts receivable backed term loans/lines of credit. Not MCA based. Bankable rates. Get in touch.

    - 5k minimum funding
    - 6 month Min.time in business
    - 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
    - As low as 1.32 buy rates
    - Terms up to 140 days (weekly's upon approval)
    - Max Upsell to 15 points
    - Early Payoff Discounts
    - 15k a month average revenue
    - Minimum of 5 deposits per month
    - Minimal stips for contract (VC & ID)
    - Docusign Contracts

    - We also offer asset/inventory/accounts receivable backed term loans/lines of credit. Not MCA based. Bankable rates.



    Michael Ross
    Lendbug
    New York, NY
    Mross@lendbug.com
    646-360-0411
    Last edited by mross@LENDBUG; 10-10-2022 at 05:05 PM.

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