Results 1 to 8 of 8
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06-28-2024, 08:05 PM #1
- Join Date
- Apr 2017
- Location
- Orange County, CA
- Posts
- 93
California Client 3rd Position - 150k
Pros of this client:
A credit personal
B+ Credit Business
7MM GAS
236220 Commercial and Institutional Building Construction
Current Positions:
1. 135k
2. 105K
Cons: He won't work with any MCA lender/funder east of the Colorado River (weird, I know)
Had a default five years ago that was paid in full within 5-6 weeks.
Request: He wants either 250K over 12 to pay for the smaller position or 3rd 150K over 12. Tough I am aware.
The client is also a good friend and golfing buddy, so he won't speak with any lender or funder until there is approval of 12 months.
If interested please me your information. Hope everyone has a good 4th of July
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06-28-2024, 08:30 PM #2
- Join Date
- Aug 2018
- Posts
- 850
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06-28-2024, 10:29 PM #3
Have you or you client looked into alternative sources of funding instead of another MCA position which really isn't in the long term best interests for your client?
Last edited by Olderguy; 06-28-2024 at 11:24 PM.
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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06-29-2024, 02:53 PM #4
- Join Date
- Feb 2014
- Location
- Florida
- Posts
- 266
He’s doing about $600k/month in revenue, correct? You said Gas.. does that mean this is a gas station? If so, is it only gas sales?
I may have a few sources this could work with.Shannon Harris
Funding Specialist
888-705-8818 phone
239-790-2664 fax
Shannon@StellarBusinessFunding.com
www.stellarbusinessfunding.com
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06-29-2024, 05:30 PM #5
- Join Date
- Apr 2017
- Location
- Orange County, CA
- Posts
- 93
GAS - Gross annual sales.
Your out of florida?
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06-29-2024, 05:31 PM #6
- Join Date
- Apr 2017
- Location
- Orange County, CA
- Posts
- 93
go ahead and message me your information.
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06-29-2024, 06:10 PM #7
- Join Date
- Aug 2018
- Posts
- 850
12months + and good rates for 2nd:
Iou (idk their cap $ amount on consolidation)
Vox
Wall street funding
Byzfunder
Lg funding
Pirs
Dsfgrp
These are guys ive seen offer 12 month seconds.
Can u give info on the funders in the 1st and 2nd? Terms? Hopefully some of these funders aren't on there. Also if credits really good, im not sure why but i ran with it, ive gotten 2nd pos offers from ondeck, one was 200k 1.30sell 12months behind libertas, either it was due to the guys fico being gold or they didn't catch the first w libertas.Last edited by Zonefund; 06-29-2024 at 06:12 PM.
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06-30-2024, 05:44 AM #8
- Join Date
- Aug 2018
- Posts
- 850
Forgot to mention dsf rates are high, similar to tvt, id use em and tvt if the others reject.
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