[Bcooper]

Who is funding 18 to 24 month MCA or Simple Interest loans for 700+ merchants. About the file: Company is in the hospitality sector, two open positions Amex and Square totaling approximately 350k, both are monthly repayments. The business is generating between 700k and 750k monthly, ADB 275k+ looking for 550k to open 3rd brick and mortar. TIB 13 yrs. I have the 550k I'm looking for but over 12 months, I need 18 to 24.

Best regards,
Mike

I could possibly get him a 24-30 month loan here with mixed amortization if needed or fully amortized 2-3 week closing time approval based off ebitda and ar/collateral. Just based off info provided assuming he's at 20% ebitda margin he could potentially get a 1.6-2 million loan pretty easily.