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05-25-2023, 02:29 PM #1
- Join Date
- Jan 2022
- Posts
- 14
Equipment finance
I have a USA based client who just signed an $84 million USD contract with the Government of The Bahamas.
Client needs around 3 million USD in equipment.
Equipment will be purchased in the USA, but will be used in the Bahamas.
Client is also seeking a line of credit in the amount of 5 million USD.
Any lender out there for cross-border transactions?
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05-25-2023, 10:33 PM #2
Does the client the have financials on their US business to justify a $3M SBA 7A loan? I had a client with $10M of manufacturing equipment in Brazil that got a SBA 7A for $2M collateralizing every company asset. Not sure the same might work for equipment finance companies.
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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05-26-2023, 05:22 PM #3
- Join Date
- May 2022
- Posts
- 98
Get in touch. We can do something here
Our Asset Based Lending Criteria:
- Non-primary residences only
- Commercial and investment properties only
- funding up to 50% LTV
- Up to 18 month terms
- Funding in as quickly as 5 days
- 10 point commission
Our MCA Criteria:
- As low as 2k micro funding
- 6 month Min.time in business
- B, C, D paper
- Offers not based on credit score - low credit ok
- Response time (realistically) as low as 60 minutes
- 1st - 5th position - Up to 38% withhold of net deposits
- As low as 1.32 buy rates
- Terms up to 140 days (weekly's upon approval)
- Max Upsell to 15 points
- Early Payoff Discounts
- 15k a month average revenue
- Minimum of 5 deposits per month
- Minimal stips for contract (VC & ID)
- Docusign Contracts
- We also offer asset/inventory/accounts receivable backed term loans/lines of credit. Not MCA based. Bankable rates.
Michael Ross
Lendbug LLC
New York, NY
Mross@lendbug.com
646-360-0411
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