Results 1 to 5 of 5
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05-10-2024, 01:03 PM #1Member
Reputation points: 10
- Join Date
- Dec 2020
- Posts
- 9
Will anyone touch this?
Credit is 550.
High deposits in Jan and Feb (100K each month)
Only 35K in Mar and April.
March is brutal 6 negative days
April 1 negative day. MTD no negative days, pacing last month.
Industry is Fire protection.
He wants 50k-100K, I already told him no.
Anyone?
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05-10-2024, 03:16 PM #2Noob
Reputation points: 10
- Join Date
- May 2024
- Posts
- 1
Hello,
We may be able to help with a micro position up to 30k here.
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05-10-2024, 03:18 PM #3Senior Member
Reputation points: 71496
- Join Date
- Sep 2021
- Location
- Irvine, CA
- Posts
- 2,213
Any investment property with equity that can be tapped?
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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05-13-2024, 09:38 AM #4Senior Member
Reputation points: 12672
- Join Date
- Jun 2015
- Location
- Gainesville, FL
- Posts
- 193
That is an unreasonable amount of money to expect given their revenue and industry type. Especially for an MCA product. Sadly, there are probably some MCA funders who WOULD give them that and put them out of business.
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05-13-2024, 12:19 PM #5Veteran
Reputation points: 159073
- Join Date
- Oct 2012
- Location
- New York
- Posts
- 2,507
Mid to high 20's is realistic for a dela that looks like that. Maybe 30k you get an underwriter in a really good mood maybe
John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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