Results 1 to 8 of 8
Hybrid View
-
08-17-2023, 03:25 PM #1
Reputation points: 10
- Join Date
- Jul 2023
- Posts
- 2
$300k-$400k needed for property purchase; Landscaping Company --NO MCA--
I have a client who has a large landscaping business, $200k-$400k monthly rev. and just acquired a landscaping equipment dealer/repair shop via SBA7a financing.
They're looking to continue expanding and also acquire some additional property around $200k-350k.
NO MCA for financing this property, term length needs to be at least 30 months.
Timeline can be flexible.
Full Financials are available and will be no problem providing throughout the funding process.
What's a good route to go for funding options, lending partners, etc. for purchasing the property.
Happy to answer some questions
-
08-17-2023, 03:42 PM #2
Reputation points: 99095
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 3,363
Dave Lambert, Business Development
Managed Services Provider
https://www.tsys.com
https://www.united-internet.com
https://www.nmi.com
dave@fcbankcard.com
Office: 727-233-1111
Skype: fc-financial
-
08-17-2023, 03:44 PM #3
Reputation points: 19126
- Join Date
- Jul 2014
- Location
- Jackson Hole Wy
- Posts
- 746
Another bank loan
OR if they can put down at least 40% we can finance land with private money
bzuniga@omegafund.com
-
08-17-2023, 03:46 PM #4
Reach out.
I have been doing 10 year interest loans on commercial property.
If the business is in a owner occupied commercial property a SBA 504 might be a better option. Or maybe we finance the building purchase through that program.
Right now it's 7.25% blended rate, 25 year term, fixed for 5 years and adjusts every 5 years.
90% LTV financing.
I just got a LOI for a client taking out his SBA 7A at $1.35M and replaced with with a SBA 504 and getting him an additional $650,000 working capital all under the SBA 504. Again 25 years 7.25% blended rate.Last edited by Olderguy; 08-17-2023 at 06:02 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.
-
08-18-2023, 02:06 PM #5
Reputation points: 10
- Join Date
- Jul 2023
- Posts
- 2
I'll definitely do some looking in on the 504
-
08-18-2023, 02:13 PM #6Steve 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.
-
09-15-2023, 09:51 AM #7
Reputation points: 1755
- Join Date
- Oct 2022
- Posts
- 325
I would recommend looking at the tax returns and analyzing the most recent acquisition to see if they have enough cash flow. They probably have Amortization as an addback due to the goodwill from the recent acquisition. I would also inquire about the assets obtained from the recent acquisition they might even qualify for an ABL instrument.
-
09-14-2023, 05:12 PM #8Steve 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.
Similar Threads
-
Cannabis Company- Commercial Property Purchase in Alaska
By Cshoke in forum Deal BinReplies: 6Last Post: 08-09-2020, 05:08 PM -
300k LOC 640 FICO 400k/month IT Company
By Skytop in forum Deal BinReplies: 6Last Post: 03-29-2018, 10:58 PM -
Consolidation needed 5 positions logistics Company. Advance amount $400K Minimum
By JayGomez in forum Merchant Cash AdvanceReplies: 8Last Post: 10-01-2016, 02:47 PM -
Purchase Order Financing for Landscaping Company
By LewisCarness in forum All Other LendingReplies: 5Last Post: 07-05-2016, 01:38 PM -
$400k+ Needed for Trucking Company
By Gilbadillo in forum Deal BinReplies: 6Last Post: 03-15-2016, 03:17 PM