Cross-Collateralized Reverse?
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  1. #1
    Senior Member Reputation points: 73139 Olderguy's Avatar
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    Does your client have any assets to do ABL?
    equipment free and clear?
    Real Estate with equity?
    4 positions in multiple entities - he needs to hire a remote CFO.
    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.

  2. #2
    Merchant has none of those unfortunately, also has too low TIB to pursue an SBA 7(a) loan. As things look right now, reverse seems to be the only options here.

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