$300k-$400k needed for property purchase; Landscaping Company --NO MCA--
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  1. #1

    $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

  2. #2
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    Quote Originally Posted by Toivarita View Post
    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
    Another SBA ? If not an option - may be a Commercial Real Estate Loan

    Contact me
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  3. #3
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    Quote Originally Posted by Toivarita View Post
    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
    Another bank loan
    OR if they can put down at least 40% we can finance land with private money

    bzuniga@omegafund.com

  4. #4
    Senior Member Reputation points: 78889 Olderguy's Avatar
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    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 05:02 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.

  5. #5
    I'll definitely do some looking in on the 504

  6. #6
    Senior Member Reputation points: 78889 Olderguy's Avatar
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    Quote Originally Posted by Toivarita View Post
    I'll definitely do some looking in on the 504
    Reach out if you need help.
    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.

  7. #7
    Senior Member Reputation points: 78889 Olderguy's Avatar
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    Sep 2021
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    Quote Originally Posted by dealmax View Post
    Sent you an email.
    Don't see it. From?
    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.

  8. #8
    Senior Member Reputation points: 1755
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    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.
    Elon Henek
    HCI - Glen Cove, NY
    Main: 1-516-676-1854
    Cell: 1-516-236-4086

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