Results 1 to 10 of 10
-
11-20-2024, 11:08 AM #1
- Join Date
- May 2023
- Posts
- 35
$10mm+ Bank Loan
Genuinely asking,
Who, besides a banking institution, would write a $10mm+ business loan strictly based off financials ?
I have a company generating approx 4mm a month and is looking to expand their operation. They're looking for a large loan with relatively low rates (prime+3.5-4)
Dont know of any banks/bankers that I can reach out to to ask. Which bank would even accept a broker ?
Thanks for any suggestions in advance
-
11-20-2024, 11:49 AM #2Nick Hubbard
Senior Loan Advisor
314-252-0299 - Office
314-885-2262 - Direct
nick@elitefactoring.com
www.elitefactoring.com
-
11-20-2024, 11:56 AM #3
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 3,205
Dave Lambert, Business Development
Managed Services Provider
https://www.tsys.com
https://www.united-internet.com
https://www.nmi.com
dave@fcbankcard.com
Office: 727-233-1111
Skype: fc-financial
-
11-20-2024, 11:58 AM #4
You can do $5M SBA and $5M conventional.
I have a bank that can do that.
You can also do real estate on a SBA 504 if that's part of "expansion". Same with Equipment. 6% range 25 years
Depending on the industry, Family Office is a possiblity as their minimum is usually around $10M
Family Office does industries they "like".
Private money too.
Reach out as would need more information.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.
-
11-20-2024, 12:44 PM #5
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,535
There are over 30 bank owned finance companies in the US that offer factoring and asset based lines of credit. Some can go well over $10Mil with pricing P+3.5% to P+5 depending on industry. We can go up to $35Mil.
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
-
11-20-2024, 12:48 PM #6
- Join Date
- Aug 2024
- Posts
- 241
-
11-20-2024, 01:50 PM #7
- Join Date
- May 2023
- Posts
- 35
Thanks all! merchant was indeed a ball buster
Happy funding!
-
11-20-2024, 02:49 PM #8
-
11-20-2024, 04:05 PM #9
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 3,205
Dave Lambert, Business Development
Managed Services Provider
https://www.tsys.com
https://www.united-internet.com
https://www.nmi.com
dave@fcbankcard.com
Office: 727-233-1111
Skype: fc-financial
-
11-20-2024, 04:30 PM #10
Last edited by Olderguy; 11-20-2024 at 04:46 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.
Similar Threads
-
seeking 10mm to 15mm NJ based
By SimonFunds2025 in forum Deal BinReplies: 2Last Post: 11-11-2024, 07:24 PM -
Construction Loan 8mm-10mm , ZERO Debt on property
By abcloser in forum Real Estate LendingReplies: 4Last Post: 01-16-2024, 03:38 PM -
Acquisition Deal in Canada for $10MM Total
By Fundyman in forum Deal BinReplies: 1Last Post: 10-17-2018, 12:21 PM -
Funding starting at $10MM+
By apeters40 in forum Deal BinReplies: 7Last Post: 12-12-2017, 01:07 PM -
Legitimate Lines Of Credit up to $10mm
By CHAMP3 in forum Business LoansReplies: 2Last Post: 10-19-2017, 03:10 PM