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  1. #1
    Senior Member Reputation points: 20458 Fundyman's Avatar
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    Term Loans For Solar Panel Installation Company

    What private funds still do term loans out there?

    I have a solar panel installation company that does approx. $300K yearly, credit is 690.

    Which lender out there can do a term loan for them?

  2. #2
    Senior Member Reputation points: 39157
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    2 years of tax returns? They could qualify for SBA BOLT. Would give them 30% of top line. $90k, over 10 years. Monthly payment. Funds in 2 weeks. PM me if you need a referral to a banker that can get it done. They pay 2% commission on funded amount.

  3. #3
    Senior Member Reputation points: 24994
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    Quote Originally Posted by Fundyman View Post
    What private funds still do term loans out there?

    I have a solar panel installation company that does approx. $300K yearly, credit is 690.

    Which lender out there can do a term loan for them?
    Find someone that doesn't know how to underwrite a PV company lol.
    That is extremely small revenue even if they are the sub. PV is getting crushed right now.
    If they are in CA, then good luck unless it is a 100 day deal

  4. #4
    Senior Member Reputation points: 66298 Olderguy's Avatar
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    Bolt based mainly on bank statements and business credit score.
    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.

  5. #5
    This feels like a dumb question, but I'm new to the this industry - what's the difference between a term loan and a regular merchant cash advance?
    Lynne Ji, Ace Funding Source
    lynne@acefundingllc.com
    (323) 284-6317



  6. #6
    Regardless, good chance we're interested, I like getting creative to get deals done
    Lynne Ji, Ace Funding Source
    lynne@acefundingllc.com
    (323) 284-6317



  7. #7
    Senior Member Reputation points: 337045
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    Quote Originally Posted by acefundingllc View Post
    Regardless, good chance we're interested, I like getting creative to get deals done
    One is knowing you're crap and the other is knowing your crap........
    Hedley Lamarr......That's Hedley

  8. #8
    Administrator Reputation points: 55342 admin's Avatar
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    Quote Originally Posted by acefundingllc View Post
    This feels like a dumb question, but I'm new to the this industry - what's the difference between a term loan and a regular merchant cash advance?
    Are you engagement farming or a bot?

    In another thread you wrote that you do:

    "- Credit card splits - we take a specified percentage of their credit card payments instead of a daily payment
    - High commissions (11% on 1.499)
    - A ton of flexibility with deals which allows us to fund more aggressively on later positions
    - Early payment discounts
    - Prompt responses, I’m personally underwriting all deals and
    - Syndication & white labeling (if there’s enough volume)"

  9. #9
    Nice catch Admin

  10. #10
    Senior Member Reputation points: 66298 Olderguy's Avatar
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    Quote Originally Posted by Hedley Lamarr View Post
    One is knowing you're crap and the other is knowing your crap........
    Well spoken...
    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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