$500K Loan for business owned by permanent resident
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  1. #1

    $500K Loan for US business owned by non-permanent resident

    Does anyone do loans for a US design company owned by a non-permanent resident? The owner is looking for a $500K loan on terms roughly akin to an SBA express loan. Of course, SBA won't do a loan for a company owned by a non-US person. (The company has filed US tax returns for 2022 and 2023.)

    Thanks,
    David McCarthy
    McCarthy Merchant Capital LLC
    david@mccarthymerchantcapital.com
    717-622-2784
    Last edited by mondial99; 02-26-2024 at 11:30 AM.

  2. #2
    Senior Member Reputation points: 68259 Olderguy's Avatar
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    I can do real estate cash out for that if it applies.

    10.99% 10 year interest only

    Pretty much same as SBA 7A.
    Last edited by Olderguy; 02-26-2024 at 01:29 PM.
    Steve Benjamin
    Professional Business Loans

    1012 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
    thanks, Steve, but the company is a cash-flow business without major real estate involved.

  4. #4
    David, check your emails.

  5. #5
    Senior Member Reputation points: 1755
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    Do they have an Assets? Might be a good play to bring into institutional money.
    Elon Henek
    HCI - Glen Cove, NY
    Main: 1-516-676-1854
    Cell: 1-516-236-4086

  6. #6
    No substantial assets, Elon. It's a cash-flow play.

  7. #7
    Senior Member Reputation points: 218103
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    Quote Originally Posted by mondial99 View Post
    No substantial assets, Elon. It's a cash-flow play.
    What type of visa do they have?

  8. #8
    Senior Member Reputation points: 8447
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    We could consider using our credit card sales based MCA if they have strong credit card processing volume. We do fund non US citizens with ITIN # as long as they own physical property (land, condo, single family, commercial) in the US.
    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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