Software company in biz for 7 months
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  1. #1

    Software company in biz for 7 months

    Here's what they look like:

    sep oct nov
    Bank Deposits approx 20k approx 67k approx $33k
    # of Deposits 7 6 5
    Avg Daily Balance $2,900.85 $3,169.78 $4,454.95

    No Credit card sales

    Would like at least 12 mos term
    Who's best lender for this type of deal?

  2. #2
    Quote Originally Posted by upperlinecap View Post
    Here's what they look like:

    sep oct nov
    Bank Deposits approx 20k approx 67k approx $33k
    # of Deposits 7 6 5
    Avg Daily Balance $2,900.85 $3,169.78 $4,454.95

    No Credit card sales

    Would like at least 12 mos term
    Who's best lender for this type of deal?
    Sorry, that did not format correctly


    Bank Deposits: Sep--approx $20k, Oct--approx $67k, Nov--approx $33k
    # of Deposits: Sep-7, Oct--6, Nov--5
    Avg Daily Bal: Sep --$2900, Oct--$3169 , Nov--$4,455

  3. #3
    Member Reputation points: 32
    Join Date
    Dec 2014
    Location
    NYC/Florida
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    I PM you

  4. #4
    Senior Member Reputation points: 1422
    Join Date
    Dec 2013
    Location
    Connecticut
    Posts
    332

    any business open under a year is going to have a hard time getting a 12 month deal, hows the credit?

  5. #5
    Senior Member Reputation points: 49940
    Join Date
    Aug 2014
    Posts
    620

    12 month term will be tough being in business under a year. I can get you up to 8.5 months depending on credit. Give me a call at 516-282-0933 or email me at asaracino@yellowstonecapllc.com if you would like to discuss.

    Anthony

  6. #6
    do they have collateral?
    Erin Dreselly

    World Business Lenders
    81 Market Sq., Suite 7
    Newington, CT 06111

    Direct: 860-549-2419
    Cell: 860-692-4636
    Fax: 860-499-5413
    Email: edreselly@wbl.com
    Web: www.wbl.com

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