$10mm+ Bank Loan
Need a Funder or Vendor? START HERE

Results 1 to 10 of 10
  1. #1

    $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

  2. #2
    Senior Member Reputation points: 6768 NickHubbard's Avatar
    Join Date
    Jun 2015
    Location
    Saint Louis, Mo
    Posts
    345

    Nick Hubbard
    Senior Loan Advisor
    314-252-0299 - Office
    314-885-2262 - Direct
    nick@elitefactoring.com
    www.elitefactoring.com

  3. #3
    Senior Member Reputation points: 94390
    Join Date
    Mar 2014
    Location
    Florida
    Posts
    3,205

    Lightbulb

    Quote Originally Posted by abcloser View Post
    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
    They may be looking - but not a high chance of success.

    Private $$$ lenders are in the range of 13% to 28%
    What type of business and why not go to a bank?
    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

  4. #4
    Senior Member Reputation points: 92825 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    2,646

    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.

  5. #5
    Senior Member Reputation points: 342027
    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

  6. #6
    Senior Member Reputation points: 13282
    Join Date
    Aug 2024
    Posts
    241

    Quote Originally Posted by abcloser View Post
    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
    You should provide a factoring facility or get a private equity deal done.

  7. #7
    Thanks all! merchant was indeed a ball buster

    Happy funding!

  8. #8
    Senior Member Reputation points: 45787 brokerCompany's Avatar
    Join Date
    Aug 2015
    Location
    CALIFORNIA
    Posts
    950

    Quote Originally Posted by abcloser View Post
    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
    another joker broker with a pipe dream deal

  9. #9
    Senior Member Reputation points: 94390
    Join Date
    Mar 2014
    Location
    Florida
    Posts
    3,205

    Quote Originally Posted by Olderguy View Post
    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.
    The Questions Was " Who, besides a banking institution, would write a $10mm+ business loan strictly based off financials ? "
    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

  10. #10
    Senior Member Reputation points: 92825 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    2,646

    Quote Originally Posted by Yankeeman07 View Post
    The Questions Was " Who, besides a banking institution, would write a $10mm+ business loan strictly based off financials ? "
    What I posted above:

    Family Office
    Private Money
    He probably doesn't know how to structure a $10M through a banking institution.
    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

  1. seeking 10mm to 15mm NJ based
    By SimonFunds2025 in forum Deal Bin
    Replies: 2
    Last Post: 11-11-2024, 07:24 PM
  2. Construction Loan 8mm-10mm , ZERO Debt on property
    By abcloser in forum Real Estate Lending
    Replies: 4
    Last Post: 01-16-2024, 03:38 PM
  3. Acquisition Deal in Canada for $10MM Total
    By Fundyman in forum Deal Bin
    Replies: 1
    Last Post: 10-17-2018, 12:21 PM
  4. Funding starting at $10MM+
    By apeters40 in forum Deal Bin
    Replies: 7
    Last Post: 12-12-2017, 01:07 PM
  5. Legitimate Lines Of Credit up to $10mm
    By CHAMP3 in forum Business Loans
    Replies: 2
    Last Post: 10-19-2017, 03:10 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Kanthi Muthiah joins Lendistry
Cardless raises $30M
Numerated, GoDocs collaborate


DIRECTORY