$10mm+ Bank Loan
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  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: 4572 NickHubbard's Avatar
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    Nick Hubbard
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    www.elitefactoring.com

  3. #3
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    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
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    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
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    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
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    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
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    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
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    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
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    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.

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