Results 1 to 5 of 5
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10-06-2022, 12:18 PM #1
- Join Date
- Feb 2022
- Posts
- 22
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.
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10-06-2022, 12:26 PM #2
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,483
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
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10-06-2022, 02:11 PM #3
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.
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10-07-2022, 10:31 AM #4
- Join Date
- Feb 2022
- Posts
- 22
Thank you
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10-10-2022, 03:07 PM #5
- Join Date
- May 2022
- Posts
- 98
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
646-360-0411Last edited by mross@LENDBUG; 10-10-2022 at 05:05 PM.
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