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12-04-2023, 03:20 PM #1Member
Reputation points: 1591
- Join Date
- Oct 2022
- Posts
- 35
3 month in Biz
Hello,
I have a contractor who has been in business starting Aug 2023.
They have went from 20k to 76k in revenue from when they started. They have strong AR.
Looking for 30-50k. Might be a stretch but any lenders funding new business?
credit 510
*Besides EBF.
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12-04-2023, 03:26 PM #2Senior Member
Reputation points: 72398
- Join Date
- Sep 2021
- Location
- Irvine, CA
- Posts
- 2,244
Any property to do a hard money loan?
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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12-04-2023, 03:50 PM #3Member
Reputation points: 1591
- Join Date
- Oct 2022
- Posts
- 35
He does not
Originally Posted by Olderguy
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12-04-2023, 04:00 PM #4Senior Member
Reputation points: 72398
- Join Date
- Sep 2021
- Location
- Irvine, CA
- Posts
- 2,244
If he has any assets, go to a pawn shop....vehicles with pink slip or anything else. And there would not be any payments taken out of the account like MCA.
Last edited by Olderguy; 12-04-2023 at 04:39 PM.
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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12-04-2023, 04:04 PM #5Senior Member
Reputation points: 16709
- Join Date
- Jul 2014
- Location
- Jackson Hole Wy
- Posts
- 726
Invoice Factoring is a start depending on their clients and invoices Originally Posted by GetCapitalNow
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12-04-2023, 04:18 PM #6Senior Member
Reputation points: 10476
- Join Date
- Nov 2019
- Posts
- 669
Depending on why credit is that low and has really strong daily balances i might give him a 2 month starter program. Originally Posted by GetCapitalNow
Scott Platto
Scott@tmrnow.com
tmrnow.com
212-220-9872
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12-05-2023, 11:29 AM #7Senior Member
Reputation points: 8447
- Join Date
- Jul 2015
- Location
- Tampa Florida
- Posts
- 498
We will consider a credit card split deal once they have been open and processing credit cards 4 straight months.
Our minimum funding amount is $5,000. To qualify they must be averaging $7,500+ per month in credit card processing.Jason H l Sales & Business Development
Quikstone Capital Solutions l Tampa FL
Direct Line & Mobile 813-371-8233 l Fax 813-371-8233 l Text 727-492-8812
Jason.Hausle@quikstonecapital.com
www.quikstonecapital.com
Direct Lender Since 2005
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