[CapCity]

Client is a multi-state janitorial service with annual sales of aprox: $14MM.
Looking to borrow approx: $1MM.
Would like to have monthly payments.
Can anyone do this?

[FCF Fund]

Are they not SBA eligible? Kapitus has a monthly payment option but must score high on their model.

[Olderguy]

Do they qualify for a SBA 7A?
Can they wait 60 days?
10 year loan at around 9.5%
Monthy payment

Then you can go down looking at term loans.
Shorter terms higher rates.
Maybe 5 years 24%

If you want to reach out, I can review against quidelines and give you some direction.

[abfunders]

Client is a multi-state janitorial service with annual sales of aprox: $14MM.
Looking to borrow approx: $1MM.
Would like to have monthly payments.
Can anyone do this?

Factoring would likely be a much better fit if there's delayed payments and AR. There are no "monthly payments," they pay you (minus fees).

[GTM]

Can possibly help with this. email me.

[powerhousecapital]

sell the weekly be a man

[Yankeeman07]

They could possibly qualify for a Bank Term Loan depending on their financials.

[mross@LENDBUG]

Client is a multi-state janitorial service with annual sales of aprox: $14MM.
Looking to borrow approx: $1MM.
Would like to have monthly payments.
Can anyone do this?

We do deals like this. Get in touch.


Our funding Criteria:

- 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 LLC
New York, NY
Mross@lendbug.com
646-360-0411

[Ehenek]

Yes. I would love to help you. Please call me, Elon Henek at 1-516-2036-4086

[Hedley Lamarr]

Client is a multi-state janitorial service with annual sales of aprox: $14MM.
Looking to borrow approx: $1MM.
Would like to have monthly payments.
Can anyone do this?

The big question is always why....... Why does the company need $1Mil? Most likely they had a decline in revenue and earnings during the pandemic. The commercial cleaning industry was negatively impacted. A lot of these companies relied on bank lines of credit to help with working capital. Payroll is usually the largest expense. With the decline in the industry many banks reduced or pulled the lines of credit with their janitorial clients. Some are reluctant to restart the line or increase the line as a lot of commercial properties are still not fully utilized. They may want to consider financing their accounts receivables with an asset-based line of credit or factoring facility. There are many great options in the market with bank owned finance companies that provide these facilities. Most pay referral fees to brokers. They will certainly be a lot more cost effective and give the company an option to transition back to a line of credit down the road. SBA and term loans are interesting options, but if the main need is for payroll, they are NOT good options as they are NOT revolving facilities.