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12-02-2022, 10:44 AM #1Member
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Who can Facilitate
Have a merchant doing 750-800k a month/ 10 million a year. Needs 1 million either term loan or sba! Point me in the direction of someone who handles these type of files all day. GOOD RATES
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12-02-2022, 10:47 AM #2Senior Member
Reputation points: 68259
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- Sep 2021
- Location
- Irvine, CA
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If you want to reach out, I can probably help you with that. Then you can decide if you want help or try and do it yourself.
Steve Benjamin
Professional Business Loans
1012 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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12-02-2022, 12:03 PM #3Senior Member
Reputation points: 24994
- Join Date
- Feb 2019
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- 204
Revenue is meaningless when you want good rates. What are they profiting?
Originally Posted by Cashonhand
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12-02-2022, 01:43 PM #4Senior Member
Reputation points: 68259
- Join Date
- Sep 2021
- Location
- Irvine, CA
- Posts
- 2,133
For a term loan you will need most recent tax return and debt worksheet....and use of funds. Originally Posted by mistamca
For SBA you will need P & L, balance sheet, remove depreciation and officer's salaries to determine EBIDTA.
Cash flow, Fico, assets for collateral, etc. tax returns, etc
If you don't have experience with SBA 7A, don't bother to try - get help to start with someone who has been through it.Steve Benjamin
Professional Business Loans
1012 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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