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11-06-2023, 04:10 PM #1
- Join Date
- Dec 2022
- Posts
- 68
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 ideasLast edited by Loading; 11-06-2023 at 06:46 PM.
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11-06-2023, 04:26 PM #2
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
@ 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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11-06-2023, 04:44 PM #3
- Join Date
- Feb 2017
- Posts
- 3,455
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.
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11-06-2023, 04:53 PM #4
- 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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11-07-2023, 02:51 AM #5
- Join Date
- Oct 2022
- Posts
- 291
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
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11-07-2023, 09:43 AM #6
- Join Date
- Jul 2014
- Location
- Jackson Hole Wy
- Posts
- 730
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
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11-07-2023, 11:24 AM #7
- Join Date
- Jun 2021
- Location
- miami
- Posts
- 436
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
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11-07-2023, 10:12 PM #8
- Join Date
- Oct 2022
- Posts
- 291
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
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11-08-2023, 09:49 AM #9
- Join Date
- Nov 2022
- Posts
- 54
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11-08-2023, 11:24 AM #10
- Join Date
- Mar 2022
- Posts
- 63
Try Panther
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