Results 1 to 3 of 3
-
11-09-2023, 07:54 AM #1Senior Member
Reputation points: 1018
- Join Date
- Oct 2012
- Posts
- 142
Insurance Agency
We have a request from an insurance agency that is seek in $250K, 5-7 year term loan for working capital expansion. We have a full financial package, but here are the initial basics.
Need: Working Capital Expansion
Deposits: $1.4M (last 6 months)
Credit: 743-788
LOC: Bank-$50K
Debts: SBA=EIDL/ $$2,100/month
Income: $372,168 (2022)
Howie Dane
Funding Sources for Business
www.fundingsourcesforbusiness.com
president@fundingsourcesforbusiness.com
(847) 831-4118Howie Dane
-
11-09-2023, 09:26 AM #2Senior Member
Reputation points: 72398
- Join Date
- Sep 2021
- Location
- Irvine, CA
- Posts
- 2,244
Send me the package...tax returns, P & L's, balance sheet, banks, etc.
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.
-
11-10-2023, 02:50 PM #3Senior Member
Reputation points: 4457
- Join Date
- Feb 2014
- Location
- Florida
- Posts
- 261
Sounds like an easy SBA 7a to me. If you are set-up with NewTek, I would try them, or send to Steve/Older guy.
Shannon Harris
Funding Specialist
888-705-8818 phone
239-790-2664 fax
Shannon@StellarBusinessFunding.com
www.stellarbusinessfunding.com
Reply With Quote
Similar Threads
-
Direct Lender for an Insurance Agency
By Red in forum Merchant Cash AdvanceReplies: 13Last Post: 12-19-2017, 12:22 PM -
Insurance Agency doing 30k monthly
By CashAdvanceKing in forum Deal BinReplies: 7Last Post: 05-11-2016, 06:59 PM -
Insurance agency needs 20k
By SUPERIORFUNDING in forum Deal BinReplies: 4Last Post: 03-10-2016, 03:58 PM -
Insurance Agency 1.5 million in Sales
By CashAdvanceKing in forum Deal BinReplies: 4Last Post: 06-09-2015, 11:05 AM -
insurance agency
By omegafund in forum Deal BinReplies: 2Last Post: 01-13-2015, 01:14 PM
