Results 1 to 5 of 5
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10-09-2023, 12:51 PM #1
- Join Date
- May 2023
- Posts
- 5
Term Loan
Hello is there anyone in the industry that can do term loan??
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10-09-2023, 01:24 PM #2
- Join Date
- Feb 2017
- Posts
- 3,429
What's the industry?
What's the collateral?
What's the existing debt?
What's the FICO?
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10-09-2023, 01:30 PM #3
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
FicoLast 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.
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10-10-2023, 07:42 AM #4
- Join Date
- Oct 2022
- Posts
- 281
Yes. What size is the term loan seeking?
Elon Henek
HCI - Glen Cove, NY
Main: 1-516-676-1854
Cell: 1-516-236-4086
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10-10-2023, 01:23 PM #5
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,952
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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