Results 1 to 10 of 10
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03-03-2023, 04:46 PM #1
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?
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03-03-2023, 04:55 PM #2
- Join Date
- Oct 2014
- Location
- Naples, FL
- Posts
- 476
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.
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03-03-2023, 04:59 PM #3
- Join Date
- Feb 2019
- Posts
- 209
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03-03-2023, 05:07 PM #4
Bolt based mainly on bank statements and business credit score.
Steve Benjamin
Professional Business Loans
522 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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03-14-2023, 01:26 PM #5
- Join Date
- Mar 2023
- Posts
- 37
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?
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03-14-2023, 01:29 PM #6
- Join Date
- Mar 2023
- Posts
- 37
Regardless, good chance we're interested, I like getting creative to get deals done
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03-14-2023, 01:31 PM #7
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,508
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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03-14-2023, 02:10 PM #8
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)"
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03-14-2023, 06:53 PM #9
- Join Date
- Feb 2022
- Posts
- 5
Nice catch Admin
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03-14-2023, 07:20 PM #10Steve Benjamin
Professional Business Loans
522 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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