Results 1 to 7 of 7
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01-29-2024, 07:42 PM #1
- Join Date
- Dec 2018
- Posts
- 10
3.5 year old Contractor 8.8M in 2022 10.4M in 2023 seeking real term business loan
Contractor providing services nationwide with over 300 employees in business since middle of 2020. Tax return gross 8.8 Million in 2022. 10.4M last year.
Have him approved for 400k with a monthly payment on an MCA he and his investor are not interested in anything MCA.
Principal's FICO last checked 649. They are looking for a real business loan with a payback that is bare minimum 2 years if not longer 3 or more years.
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01-29-2024, 07:48 PM #2
- Join Date
- Dec 2022
- Posts
- 69
FUNDATION will give you a 3-4 year term at 12-19% APR but max out at 250k and pay low
MCA type 2 year terms are Kapitus, Ondeck,…..
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01-29-2024, 08:23 PM #3
SBA 7A uncollateralized up to $500,000 10% 10 years. What am I missing? Reach out if you need help. I have a bank who has done it in 25 days. Does he need purchase order financing? This guy could conceivably get $3M - $5M SBA loan with that revenue assuming making a profit and good cash flow.
Last edited by Olderguy; 01-29-2024 at 11:58 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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01-29-2024, 08:54 PM #4
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,996
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
Office: 727-233-1111
Skype: fc-financial
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01-30-2024, 02:59 PM #5
- Join Date
- Oct 2022
- Posts
- 295
This sounds perfect for me. I have access to Institutional monies.
Elon Henek
HCI - Glen Cove, NY
Main: 1-516-676-1854
Cell: 1-516-236-4086
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01-30-2024, 04:05 PM #6
- Join Date
- Jul 2014
- Location
- Jackson Hole Wy
- Posts
- 732
We need more details but this is right up our work space
bzuniga@omegafund.com
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04-18-2024, 10:07 AM #7
- Join Date
- Dec 2017
- Posts
- 277
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