Results 1 to 23 of 23
Threaded View
-
05-02-2024, 09:44 AM #4Senior Member
Reputation points: 73139
- Join Date
- Sep 2021
- Location
- Irvine, CA
- Posts
- 2,280
A second position on seasonal business is the worst option with high factor rates and daily payments. I realize that is the mindset of most here but please consider looking at options that an offer monthly payments at much lower rates and payments.
Cash out on equipment....maybe 20% and 3 years+ (fund in a week)
Hard money real estate 1% a month interest only.
Personal loan might be 12% monthly payment.
As Elon mentoned A/R aging financing, cash from contracts are also better choice options.Last edited by Olderguy; 05-02-2024 at 10:23 AM.
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.
Reply With QuoteSimilar Threads
-
2nd Position Construction 200k
By brokerCompany in forum Deal BinReplies: 1Last Post: 11-17-2023, 10:18 AM -
1st position construction 200k +
By McoupeBobby in forum Deal BinReplies: 9Last Post: 09-03-2019, 02:23 PM -
Best for construction deals? 700 fico, 200k depsosits
By Sachip24 in forum Deal BinReplies: 4Last Post: 08-09-2018, 12:14 PM -
Need 100K, construction/landscaping, 200K in future contacts
By premierecapitalfunding in forum All Other LendingReplies: 3Last Post: 04-10-2017, 09:37 PM -
Construction company averages 200k monthly
By Freeflowingfunds in forum Deal BinReplies: 4Last Post: 05-12-2015, 12:59 PM
