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01-11-2023, 04:22 PM #1
- Join Date
- Nov 2017
- Posts
- 153
Unique file
Merchants doing 100k + a month , is on a reverse . She has a meat store . Looking for an opportunity to give up a % of ownership of future income. Very strong business has been open for 1 year and a half , 20-50k is all she needs.
Any ideas advances are all about 11 weeks from being paid off.
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01-11-2023, 06:38 PM #2
Does she own any property to do a cash out hard money loan?
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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01-12-2023, 03:05 PM #3
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01-13-2023, 01:22 PM #4
- Join Date
- Nov 2017
- Posts
- 153
No ERC how does that work. ?
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01-16-2023, 09:06 PM #5
- Join Date
- Sep 2022
- Location
- Lakewood, NJ
- Posts
- 51
erc is based on how many employees they employed in 2020 and 2021. You can get up to 26k/empoyee. But to get it, either you get a firm to do it for you for a commission, but they need 5+ employees or you get an accountant/lawyer to do it.
Then you can get a cash advance based on the amount of the credit.
If she is in a reverse, I would recommend either debt settlement or see if she made a profit last year and can get projections and then get a sba loan.
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