Results 1 to 6 of 6
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09-26-2023, 12:23 PM #1
- Join Date
- Sep 2023
- Posts
- 1
Need 1 mil over 18 months
Got a trucking file doing anywhere from 50 million to 70 million annually anywhere from 2 million to 4 million monthly. Looking to find 1 million over 18 or more months. Company has over 150 trucks, Owner has around 730 credit. Most financial stips ready to go. Direct Lenders Only. If you think this is a deal you can fund email me at noah@teamgccap.com
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09-26-2023, 12:29 PM #2
1. Any trucks free and clear we can do asset based loan?
2. Any property we can do a hard money loan on?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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09-26-2023, 07:44 PM #3
- Join Date
- Oct 2014
- Location
- Naples, FL
- Posts
- 476
I didn't see anywhere that the need was immediate... why not go SBA? Otherwise, for 18 months, seems like an IOU file.
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09-26-2023, 08:01 PM #4
Company is too large for SBA.
The Jobs Act also established for applicants for the SBA's Business Loan Programs an interim alternative size standard of not more than $15 million in tangible net worth and of not more than $5 million in the average net income after Federal income taxes (excluding any carry-over losses) of the applicant for the two full fiscal years before the date of the application.Last edited by Olderguy; 09-26-2023 at 08:36 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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09-27-2023, 02:35 PM #5
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,977
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
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10-18-2023, 11:12 PM #6
- Join Date
- Oct 2022
- Posts
- 291
This sounds easy!!!! I am assuming they have a nominal amount of AR and I would obtain an ABL against that. In addition, I would analyze the everything else and potentially use a USDA RURAL Area B&I Program. Lastly if it is only 1-M I can do this through equipment. easy!!!
Elon Henek
HCI - Glen Cove, NY
Main: 1-516-676-1854
Cell: 1-516-236-4086
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