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01-11-2024, 02:19 PM #1Member
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Funding behind square
Have a merchant who was funded by square 171k 18 months. Just took over a business in Aug. that has been established since 91. Who can make a solid 10-12 mo offer here? Been getting declines for TIB.
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01-11-2024, 05:41 PM #2Member
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how much they looking for?
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01-11-2024, 05:44 PM #3Senior Member
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Typically need 6 months ownership seasoning in most instances to allow earlier start date to apply. August 'til now is close to 6 months...you might want to push back on those lenders on TIB.
Last edited by Olderguy; 01-11-2024 at 05:47 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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01-12-2024, 01:29 AM #4Senior Member
Reputation points: 22201
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Sounds like a capybara kind of deal.
Marcus Clapman
Capybara Capital
marcus@capybarausa.com
www.capybarausa.com
646-708-5986 (Text Friendly!)
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