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  1. #1
    Senior Member Reputation points: 73139 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
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    Quote Originally Posted by Business2122 View Post
    What’s your soft guidelines for startups?

    And does your investors fund acquisitions with 30day turn around for available liquidity?
    I forwarded your questions to Kristina to respond.

    On my end there are start up programs:

    SBA start up 7A
    SBA Micro loan up to $50,000
    Business LOC and business credit cards to start ups - requires 700+ Fico
    Personal loans up to gross income from personal tax return 700+ Fico needed
    Asset based loans - NoDoc and SISA hard money on property.

    And I assume you want a hard money loan on property with no seasoning with your second question...is that correct?
    Bought cheap and want to borrow on appraised value?
    Last edited by Olderguy; 10-31-2022 at 11:53 AM.
    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.

  2. #2
    Senior Member Reputation points: 35
    Join Date
    Nov 2021
    Location
    Brickell Miami FL
    Posts
    156

    Quote Originally Posted by Olderguy View Post
    I forwarded your questions to Kristina to respond.

    On my end there are start up programs:

    SBA start up 7A
    SBA Micro loan up to $50,000
    Business LOC and business credit cards to start ups - requires 700+ Fico
    Personal loans up to gross income from personal tax return 700+ Fico needed
    Asset based loans - NoDoc and SISA hard money on property.

    And I assume you want a hard money loan on property with no seasoning with your second question...is that correct?
    Bought cheap and want to borrow on appraised value?
    Correct, I have businesses looking to collateralize appraised value

    Do you or anyone you know collateralize account receivables as well?
    Banker
    ENTERPRENEUR STARTUP LLC
    enterpreneurstartupstartupllc@gmail.com

  3. #3
    Senior Member Reputation points: 73139 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    2,280

    Quote Originally Posted by Business2122 View Post
    Correct, I have businesses looking to collateralize appraised value

    Do you or anyone you know collateralize account receivables as well?
    Not sure what the situation is....send me an email summary and then we can talk.

    Yes, A/R options.

    FYI...no seasoning on NoDoc hard money cash out R/E loan...can do cash out based on appraised value.
    Last edited by Olderguy; 11-10-2022 at 08:21 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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