Results 1 to 7 of 7
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11-20-2023, 03:55 PM #1
- Join Date
- Apr 2013
- Posts
- 358
3 Location Auto Shop on track for $5M needs $500K
Merchant is doing $3M annually, on track to do $5M this year.
Looking for $350K to $500K at a sizeable term, nothing less than 24 months but preferably 36-48.
Thanks in advance for any suggestions. Please do not inquire about co-brokering.
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11-20-2023, 03:58 PM #2
- Join Date
- Nov 2019
- Posts
- 657
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11-20-2023, 04:50 PM #3
- Join Date
- Aug 2018
- Posts
- 698
Iou but it may be too small for their 2+yr terms
Biz2credit
Fundingcircle and fundation and credibility capital
Perhaps credibly
Tvt goes out 24m on monthly if he has good financials
I'm not sure who else would do 24m... why not get him a cc split? It's more cash flow friendly. Quikstone does them.
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11-20-2023, 04:56 PM #4
- Join Date
- Feb 2017
- Posts
- 3,351
Zonefund said it right. If each location is a different LLC, collect docs for each location and submit each location separately, but to the same funder. Did you try LoadBud, as an SBA alternative? Won't get to $500k (max $150k+$150k), but at least it will get the 10-year term. Then stack them with an MCA if they so desire. Blended rate at and blended time... the math should work out.
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11-20-2023, 05:00 PM #5
- Join Date
- Feb 2017
- Posts
- 3,351
Of course I forgot about one lender who will do it. They go out 2-3 years with a LOC if the deal merits it. Contact me, let me put you in direct contact with the lender, no middle man necessary, other than my introduction.
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11-20-2023, 09:44 PM #6
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,884
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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04-18-2024, 10:09 AM #7
- Join Date
- Dec 2017
- Posts
- 277
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