[fundinggrasshopper]

Hello,

I'm looking for a lender (or someone who can help me place this deal with a lender) that would offer a term loan, or a VERY creative MCA, that was either fully or partially secured against the value of the merchant's biotech equipment & inventory.
Is this something that even could be achieved?
It is my understanding that he essentially has a testing lab, and also sells simple testing kits direct to consumer & wholesale. his personal credit is good not great. The reason it doesn't work for any of the lenders I could use is that his revenue is inconsistent - some months he will gross over $150,000 but other months he'll range from 30k-70k.

please serious solicitations only

[Olderguy]

What is the value of his equipment?

Is it free and clear?

Is his credit score over 720 for a personal loan?

[fundinggrasshopper]

What is the value of his equipment?

Is it free and clear?

Is his credit score over 720 for a personal loan?

value is 1.2m estimated, on which he owes 100k. will have credit report Monday he says it should be 700-710 so unfortunately under 720...maybe there are some easy actions we can take to get it over that threshold.
tib is over 2 years but less than 3 at this point, will be 3 in September

[fundinggrasshopper]

and caleb, gmail? seriously?

[Olderguy]

value is 1.2m estimated, on which he owes 100k. will have credit report Monday he says it should be 700-710 so unfortunately under 720...maybe there are some easy actions we can take to get it over that threshold.
tib is over 2 years but less than 3 at this point, will be 3 in September

I could look at getting him cash out on his equipment and refi the $100K +. I can also submit for a LOC with a 700 score.

Would need a loan app, equipment list and payment coupon (if available) 3 months bank statements and Fico score/report. We can fund these within a week.

Have a separate package for the LOC - special app, tax return, D/L front and back, 3 months bank statements.

I'd submit for both.

[abfunders]

So.... how much does the client need? There's a very creative program I've been doing big things with over the past 5 months for clients with excellent business credit. The fact that he has these leases in place now and he's paying on them should put him in the right threshold, and with a 700+ FICO and 2 years TIB, there's a term program that we could do that could fund in a few days. No tax financials required, and the weird bank statements wouldn't be any challenge here.

[GoldStandard]

Micah’s the most competent resource I have met here. He helped me a few times similarly. #MicahCanDoIt

So.... how much does the client need? There's a very creative program I've been doing big things with over the past 5 months for clients with excellent business credit. The fact that he has these leases in place now and he's paying on them should put him in the right threshold, and with a 700+ FICO and 2 years TIB, there's a term program that we could do that could fund in a few days. No tax financials required, and the weird bank statements wouldn't be any challenge here.

[MCA-VET]

Hello,

I'm looking for a lender (or someone who can help me place this deal with a lender) that would offer a term loan, or a VERY creative MCA, that was either fully or partially secured against the value of the merchant's biotech equipment & inventory.
Is this something that even could be achieved?
It is my understanding that he essentially has a testing lab, and also sells simple testing kits direct to consumer & wholesale. his personal credit is good not great. The reason it doesn't work for any of the lenders I could use is that his revenue is inconsistent - some months he will gross over $150,000 but other months he'll range from 30k-70k.

please serious solicitations only

Would love to hear his business model (by email) I have a pal that likes writing checks for equity -when he likes the venture..)...

[Olderguy]

Already looking at it.

[Ehenek]

I am interested. I work on a ton of equipment files. Can get creative with that asset class. Reach out if you're open to a conversation or if old man river beat me to it.

[Olderguy]

I am interested. I work on a ton of equipment files. Can get creative with that asset class. Reach out if you're open to a conversation or if old man river beat me to it.

Old Man River?....hahahahaha......