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  1. #1
    Senior Member Reputation points: 2271
    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.

  2. #2
    Senior Member Reputation points: 66298 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    2,087

    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.

  3. #3
    Does she have the ERC coming?

  4. #4
    Senior Member Reputation points: 2271
    Join Date
    Nov 2017
    Posts
    153

    No ERC how does that work. ?

  5. #5
    Member Reputation points: 10
    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.
    Josh Dan
    B2B Funding LLC
    josh@b2bfundingllc.com
    Super Broker
    (347) 794-1592

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