Results 1 to 5 of 5
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06-18-2024, 11:27 AM #1
- Join Date
- Jan 2024
- Posts
- 2
Manufacturing
Hello all i have a client
grossing 12 million a year
needs 500k
680 fico
been in business for at least two years
jt@Atlasinvestmentsinc.net
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06-18-2024, 11:49 AM #2
- Join Date
- Aug 2019
- Posts
- 165
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06-18-2024, 11:54 AM #3
Uncollateralized SBA 7A.
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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06-18-2024, 12:51 PM #4
- Join Date
- Jun 2024
- Posts
- 26
Good Luck Funding that!
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06-18-2024, 02:46 PM #5
- Join Date
- Oct 2014
- Location
- Naples, FL
- Posts
- 476
The real question is... WHAT ARE THEY ASKING FOR?
Sounds like they can go SBA if they have the luxury of time... and if they need something quick, maybe even a monthly payment via someone like Breakout (they go to $1MM) while they process the SBA. But the cost is much different for both (12% a year vs 1.30 factor over 12 months). The benefit would be the interest forgiveness, so that's a big win if you can get the SBA to pay it off early.
Hope this added value for you.
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