Results 1 to 9 of 9
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06-24-2024, 04:01 PM #1
- Join Date
- Mar 2023
- Posts
- 14
Cross-Collateralized Reverse?
Hey guys,
Have a merchant with multiple related businesses. Has 4 positions across all of them. His cashflow is taking a beating, and he's extremely interested in pursuing a reverse. The problem is, each position is under a different entity.
Would any reverse lenders touch this?
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06-24-2024, 04:37 PM #2
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.
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06-24-2024, 04:39 PM #3
- Join Date
- Mar 2023
- Posts
- 14
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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06-24-2024, 04:44 PM #4
- Join Date
- Feb 2014
- Location
- Florida
- Posts
- 266
How long is TIB, what is the industry and what is the Experian FICO score?
Shannon Harris
Funding Specialist
888-705-8818 phone
239-790-2664 fax
Shannon@StellarBusinessFunding.com
www.stellarbusinessfunding.com
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06-24-2024, 04:45 PM #5
- Join Date
- May 2024
- Posts
- 3
Is revenue down? seems like they need to use their reconciliation provision, not take another position.
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06-24-2024, 04:53 PM #6
- Join Date
- Aug 2018
- Posts
- 877
Are they all different eins? Are they all different biz types?
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06-24-2024, 06:08 PM #7
- Join Date
- Mar 2023
- Posts
- 14
All different EINs, all same biz type (medical). FICO is 740 but TIB is just under 2 years so SBA isn't super realistic. Rev is solid, not looking to add another position but hoping I can get a reverse offer.
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06-25-2024, 08:54 AM #8
- Join Date
- Aug 2018
- Posts
- 877
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06-25-2024, 11:28 AM #9
- Join Date
- Apr 2024
- Posts
- 3
Send it over to us at Throttle Funding we'll take a look at what can be done
Submissions@throttlefunding.com
Tom@throttlefunding.com
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