Laser Deals Needing a Consistent Funding Source
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  1. #1

    Laser Deals Needing a Consistent Funding Source

    Hi all,

    I work for a broker that mostly specializes in the trucking and construction equipment industry. I have a relationship with a cosmetic laser manufacturing company and have received 10+ applications of varying creditworthiness and just can't seem to get any of them approved/funded with my current list of banks. These lasers are typically $50-60k in price and the applicants tend to have 2+ years TIB with 650+ scores. The main snag I have hit is that a lot of my banks want the applicants to be medically licensed in some capacity and most of the applicants have certifications but not medical licenses specifically.

    We are open to unconventional funding methods I just need to find somewhere that we can get these done with relative consistency. Please feel free to shoot me any suggestions you may have as this is my first post in this forum, so any advice or direction is greatly appreciated!

    Carson Sparks
    email: carson@hilfinancial.com
    text me: 425-505-5900

  2. #2
    Senior Member Reputation points: 72398 Olderguy's Avatar
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    Reach out to Tony - if anyone can figure out a way to do this, he probably can.

    Tony Borchello
    First Financial
    (888) 211-2197
    mobile: (949) 800-5767
    tonyb@firstfinancialweb.com
    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.

  3. #3
    Senior Member Reputation points: 72398 Olderguy's Avatar
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    Here's what Tony had to say:

    Cosmetic invasive lasers are hard to fund since they are restricted with 90% of lenders and the other 5% want it run or managed by licensed medical owner/personnel. The other 5% want industry experience. Not to say it can't be done though.
    Last edited by Olderguy; 02-22-2024 at 09:41 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.

  4. #4
    I appreciate that. That seems to be the same thing I am hearing with my list of banks as well. Are there any private money routes that I could steer the seller to that you're familiar with?

  5. #5
    Senior Member Reputation points: 72398 Olderguy's Avatar
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    Quote Originally Posted by CarsonSparks View Post
    I appreciate that. That seems to be the same thing I am hearing with my list of banks as well. Are there any private money routes that I could steer the seller to that you're familiar with?
    Reach out to Tony and see what he can do.
    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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