Results 1 to 18 of 18
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07-15-2023, 02:52 PM #1
- Join Date
- Apr 2023
- Posts
- 11
Logistics Company 300-400k/mo seeking 200-250K
Good Day All,
I have a Logistics Company (not a trucking company, so no equipment) seeking 200-250K. FICO 680+, 300-400K monthly deposits. Was offered 215K, but monthly payments were 45K which was a non-starter. Merchant is okay with the rates, just needs the term stretched. No collateral.
Can anyone advise? Thanks!
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07-15-2023, 03:01 PM #2
Any reason couldn't get SBA 7A?
Have they filed 2022 tax returns?
Are they making money?
I am doing one right now...for logistics company
Doing a LOC...
And doing cash out on equipment
Waiting for 2022 taxes for SBA 7A.Last edited by Olderguy; 07-15-2023 at 03:04 PM.
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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07-15-2023, 03:08 PM #3
- Join Date
- Apr 2023
- Posts
- 11
Thanks Olderguy,
Still working on the tax returns, but don't really want to wait for the SBA process. They are cashflowing, and they're ok with the rates, just seeking a longer term
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07-15-2023, 03:10 PM #4Steve 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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07-15-2023, 03:17 PM #5
- Join Date
- Apr 2023
- Posts
- 11
That's quick! If possible, he'd like to fund next week
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07-15-2023, 10:37 PM #6
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 3,001
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
Office: 727-233-1111
Skype: fc-financial
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07-15-2023, 10:41 PM #7
So why not consider getting the least amount they need with an early pay discount and then look at prequalifying for a SBA 7A.
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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07-17-2023, 10:57 AM #8
- Join Date
- Apr 2023
- Posts
- 11
Thank you Yankeeman and Olderguy. Client does want a stretched out MCA, but I will also suggest taking minimum amount and possibly work on SBA.
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07-17-2023, 11:48 AM #9
- Join Date
- Nov 2019
- Posts
- 692
That is not the actual trucking company but it is still transportation and right now a lot funders are not going out long on that industry so around 6 months will most likely be maxed for most funders. My company maxes transportation at 6 months right now but if a merchant comes back for more continuously term does not matter because we add the new money to tbe back of the old and they do not pay for it until the old balances is finished like a sort of credit line. I have merchants that started off with 6-8 month terms and now been funded 17-19 times o er 5-6 years as a credit line.
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07-17-2023, 12:29 PM #10
- Join Date
- Jul 2023
- Posts
- 20
send it to us. we will see the best we can offer.
Avi Joseph
Overnight Capital
(929) 205-8201
www.overnight-capital.com
avi@overnight-capital.com
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07-17-2023, 01:02 PM #11
If you have the docs I can do a prequal.
Start with a basic loan application
Just click on this link below and complete the application:
https://app.hellosign.com/s/JljnpJWp
For each company:
1. 2022 year end P & L and balance sheet, 2023 YTD
2. 2 years business tax returns
3 2 years personal tax returns
4 Schedule of liabilities SBA form 2202 - can email form
5 Use of funds summary - can email form
6. Fico scores
7. 6 months business bank statements
How many W-2 employees do you have?
Do you own or rent your primary residence
What is your monthly payment?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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07-17-2023, 01:35 PM #12
looks like something that can fit my box please email me more info or call
Jake Shalom
929-400-1360
Jake@BowAppleCapital.com
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07-17-2023, 02:01 PM #13
- Join Date
- Apr 2023
- Posts
- 17
Hello Team,
Feel free to send it my way.
erika@clarityadvance.com
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07-17-2023, 02:10 PM #14
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07-17-2023, 02:49 PM #15
https://www.clarityadvance.com/index.php
Needs to be visible in signature I guess....forum guidelines....Last edited by Olderguy; 07-17-2023 at 03:06 PM.
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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07-17-2023, 02:51 PM #16
That's where Blackstone Merchant Services is.
https://blackstonemerchant.com/The Brokers Nightmare
I don't want peace, I want problems, ALWAYS!
Florida-Based
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07-18-2023, 09:35 AM #17
- Join Date
- Oct 2018
- Posts
- 7
Any previous positions? Please give me a call 4256470938. I'd love to see what I can do to help.
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07-18-2023, 06:42 PM #18
- Join Date
- Jan 2023
- Location
- Weston, FL
- Posts
- 40
Hi. I will love to take a look at it. I can go out to 12 - 15 months. Just need signed application and the last 4 months business bank statements.
My email is edmund@myalphaloans.com
Phone: 754-246-0372
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