Industrial Manufacturer 20MM/MONTH - LOOKING FOR 5MM
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  1. #1

    Industrial Manufacturer 20MM/MONTH - LOOKING FOR 5MM

    Industrial Manufacturer 20MM/MONTH - LOOKING FOR 5MM short term LOC or Loan

    Open to all options here - Merchant is rate sensitive.

    I don't believe MCA is an option here, simply because of the rate and high dollar amount.

    SHORT TIB: START DATE 2019

    Feel free to share ideas
    Last edited by Loading; 11-06-2023 at 06:46 PM.

  2. #2
    Senior Member Reputation points: 72398 Olderguy's Avatar
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    Doing that kind of volume, what is the problem with going to his bank? Could probably take 30 days give or take.
    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
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  3. #3
    Senior Member Reputation points: 226125
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    Quote Originally Posted by Loading View Post
    Industrial Manufacturer 20MM/MONTH - LOOKING FOR 5MM short term LOC or Loan

    Open to all options here - Merchant is rate sensitive.

    I don't believe MCA is an option here, simply because of the rate and high dollar amount.

    Feel free to share ideas
    Do they have senior debt already? if not (or if so and they want to get a new senior lender to increase their credit facility), is the client already factoring? Because that's going to be the fastest route for sure. If they're not interested in notifications, there's other options, but they take much longer. Rate sensitive has a very wide range. Quick money isn't cheap and cheap money isn't quick, that's generally the rule. But $5mm LOC is doable with the right lender. Email me, we can shoot he breeze about it.

  4. #4
    Senior Member Reputation points: 84403
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    Quote Originally Posted by Loading View Post
    Industrial Manufacturer 20MM/MONTH - LOOKING FOR 5MM short term LOC or Loan

    Open to all options here - Merchant is rate sensitive.

    I don't believe MCA is an option here, simply because of the rate and high dollar amount.

    Feel free to share ideas
    Several options depending on usage of funds

    Equipment Purchase
    Purchase Bldg.
    Term Loan with no prepayment penalty
    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

  5. #5
    Senior Member Reputation points: 1755
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    Your client can have the best of BOTH worlds! How do they realistically expect to receive a nominal injection of monies at a bankable rate in a short duration?!?!?! I would manage expectations here and ensure that You do not waste your time if they are detached from reality.
    I would also strongly suggest that you obtain full financials, assess lifecycle of all assets, better understanding on the use of funds, gross profit margins, and architect multiple products/instruments to most likely lead you to success.
    Elon Henek
    HCI - Glen Cove, NY
    Main: 1-516-676-1854
    Cell: 1-516-236-4086

  6. #6
    Senior Member Reputation points: 16709
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    Quote Originally Posted by Loading View Post
    Industrial Manufacturer 20MM/MONTH - LOOKING FOR 5MM short term LOC or Loan

    Open to all options here - Merchant is rate sensitive.

    I don't believe MCA is an option here, simply because of the rate and high dollar amount.

    SHORT TIB: START DATE 2019

    Feel free to share ideas
    Asset Based Line of Credit or Term Loan. We must have assets such as real estate, accounts receivable and or equipment
    Non Bank Lending but no MCA

    bzuniga@omegafund.com
    www.omegafund.com

  7. #7
    Senior Member Reputation points: 29542
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    Quote Originally Posted by Loading View Post
    Industrial Manufacturer 20MM/MONTH - LOOKING FOR 5MM short term LOC or Loan

    Open to all options here - Merchant is rate sensitive.

    I don't believe MCA is an option here, simply because of the rate and high dollar amount.

    SHORT TIB: START DATE 2019

    Feel free to share ideas
    Hey, I've got a working cap bridge product 2-3-year term. We can push to get it done in two weeks and can be in the low to mid-teens rate-wise. This is not an MCA-based program and has monthly payments with either mixed or fully amortized terms.
    Midwestern Financial Solutions
    CEO
    Office - (954) 694-6402
    email- Info@midwesternfinancialsolutions.com
    MidwesternFinancialSolutions.com
    Where your box ends ours begins.
    https://www.linkedin.com/company/mid...ial-solutions/
    linkedin.com/in/brandon-cooper-426615267

  8. #8
    Senior Member Reputation points: 1755
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    People are just speculating without understanding the Assets and financial viability.
    Elon Henek
    HCI - Glen Cove, NY
    Main: 1-516-676-1854
    Cell: 1-516-236-4086

  9. #9
    Quote Originally Posted by Loading View Post
    Industrial Manufacturer 20MM/MONTH - LOOKING FOR 5MM short term LOC or Loan

    Open to all options here - Merchant is rate sensitive.

    I don't believe MCA is an option here, simply because of the rate and high dollar amount.

    SHORT TIB: START DATE 2019

    Feel free to share ideas
    tell jeff i said what up

  10. #10
    Try Panther

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