$500K Loan for business owned by permanent resident
Need a Funder or Vendor? START HERE

Results 1 to 8 of 8
  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.)

    David McCarthy
    McCarthy Merchant Capital LLC
    Last edited by mondial99; 02-26-2024 at 11:30 AM.

  2. #2
    Senior Member Reputation points: 68259 Olderguy's Avatar
    Join Date
    Sep 2021
    Irvine, CA

    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
    Broker, Underwriter, general business loan expert

    @ 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
    Join Date
    Oct 2022

    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
    Join Date
    Feb 2017

    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
    Join Date
    Jul 2015
    Tampa Florida

    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

    Direct Lender Since 2005

Similar Threads

  1. Legal Temporary resident
    By MCN in forum Merchant Cash Advance
    Replies: 11
    Last Post: 04-22-2022, 08:57 AM
  2. Replies: 8
    Last Post: 03-22-2022, 05:28 PM
  3. Rental loan portfolio lender needed! $500k loan amounts
    By emeraldmoneygroup in forum Deal Bin
    Replies: 2
    Last Post: 11-25-2020, 08:53 AM
  4. Collateral loan for school / owned by church
    By AJR in forum Business Loans
    Replies: 0
    Last Post: 12-13-2016, 11:45 AM
  5. who will fund non us citizen owned business?
    By skideeppow in forum Merchant Cash Advance
    Replies: 2
    Last Post: 12-30-2014, 04:52 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts


Lendica partners w/ EBizCharge
Pipe plans to fund $1B to SMBs
URBN partners with Stripe