Term Loan
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  1. #1

    Term Loan

    Hello is there anyone in the industry that can do term loan??

  2. #2
    Senior Member Reputation points: 226125
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    What's the industry?
    What's the collateral?
    What's the existing debt?
    What's the FICO?

  3. #3
    Senior Member Reputation points: 72398 Olderguy's Avatar
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    There are term loan lenders and there are several types of SBA term loans as well...
    You have to first find out what they might qualify for by reviewing their documents - TAx returns, P & L, debt schedule, Fico and cash flow. Also eTran score.

    Start with a basic loan application

    Just click on this link below and complete the application:

    https://app.hellosign.com/s/JljnpJWp

    For a SBA 7A:
    10 years 10.5%
    Uncollateralized up to $500,000

    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 form 2202
    5 Use of funds summary
    6. Fico scores
    7. 6 months business bank statements

    Basic term loan:
    5 years 25%

    Loan app
    6 months bank statements recent tax return
    P & L and balance sheet 2022 year end and YTD.
    Debt schedule
    Fico
    Last edited by Olderguy; 10-09-2023 at 02:14 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.

  4. #4
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    Yes. What size is the term loan seeking?
    Elon Henek
    HCI - Glen Cove, NY
    Main: 1-516-676-1854
    Cell: 1-516-236-4086

  5. #5
    Senior Member Reputation points: 84403
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    Quote Originally Posted by $$$ View Post
    Hello is there anyone in the industry that can do term loan??
    Better question - Who are you? Contact Number?
    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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