Results 1 to 7 of 7
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02-27-2023, 09:35 AM #1
Reputation points: 74
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- Mar 2016
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- 47
Junk removal company needs $25k - monthly pay
Just checking to see who can do this deal with the following stat:
Junk removal company: 2 years TIB; $12k/mo revenue; 650 fico. Needs $25k for expansion and needs monthly payment.
I know that the monthly revenue might be seen as low to some, compared to the requested amount, but the industry that he's in is growing rapidly, and he wants to position himself for growth.
Let me know if you can do this.Courtney Smith
Fairfax Funding, LLC
PH: 407-706-8600
www.FairfaxFunding.com
csmith@fairfaxfunding.com
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02-27-2023, 09:44 AM #2
Reputation points: 181658
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- Feb 2017
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Wouldn't equipment finance make sense here? If so, try Slim, and there are a few others who can do it as well.
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02-27-2023, 01:29 PM #3
Reputation points: 31595
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- Oct 2014
- Location
- Naples, FL
- Posts
- 401
40 more points on his credit and this could be an SBA Bolt deal. Up to $40k (based on $144k top line), 10 years, monthly payment, 0 prepayment penalty. Try seeing what's up with his credit. Recommend Experian Boost (which adds utility bill payment history). I've personally seen a score go up 80 points in minutes. Seems like he's right there...
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02-27-2023, 04:55 PM #4
Reputation points: 10
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- Feb 2023
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- 9
Would love to take a further look at this over at Slim Capital!
Give me a call 949 342 7677
Email: greg@slimcapital.com
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02-27-2023, 04:59 PM #5
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- Feb 2023
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- 9
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03-01-2023, 11:31 AM #6
Reputation points: 74
- Join Date
- Mar 2016
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- 47
Courtney Smith
Fairfax Funding, LLC
PH: 407-706-8600
www.FairfaxFunding.com
csmith@fairfaxfunding.com
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03-01-2023, 11:37 AM #7
Reputation points: 74
- Join Date
- Mar 2016
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- 47
Hey Micah. I had discussed asset-based and equipment financing, as well as other options with him. He wants the funds to cover a couple of different facets of his operation, such as payroll, marketing and equipment. So the options mentioned would not work for him. Thanks for your input and help.
Courtney Smith
Fairfax Funding, LLC
PH: 407-706-8600
www.FairfaxFunding.com
csmith@fairfaxfunding.com
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