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03-28-2024, 11:25 AM #1
- Join Date
- Mar 2024
- Posts
- 1
11 year Hair Salon seeks $40,000 funding!
My client who operates an 11 year old hair salon with 6 employees is seeking a $40,000 24 month funding.
Same loan location since 2013.
Average monthly revenue $32,000.
Currently has an EiDl loan in the amount of $300,000 with payments of $193 monthly. Clients Credit score just dipped to 600.
No other business debt. No prior MCA funding. Clients preference is a weekly payment.
Can you recommend a reliable funder?
Warm regards
Ed Felder
813 245 3293Last edited by Ed - The Funding Guy; 03-28-2024 at 11:52 AM.
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04-01-2024, 10:51 AM #2
- Join Date
- Feb 2014
- Location
- Florida
- Posts
- 261
You could try Rapid, depending on the state they are in. That score may not fly though.. but couldn't hurt to try. Most funders/lenders are requiring 625 and up to qualify for the longer terms.
Shannon Harris
Funding Specialist
888-705-8818 phone
239-790-2664 fax
Shannon@StellarBusinessFunding.com
www.stellarbusinessfunding.com
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04-01-2024, 10:36 PM #3
- Join Date
- Dec 2021
- Posts
- 637
Not sure he will be able to get a 24Mo term on this file. for reasons your addressing in between the lines in post.
Marcus Clapman
Capybara Capital
marcus@capybarausa.com
www.capybarausa.com
646-708-5986 (Text Friendly!)
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