Interest only line of credit

**mca123** · 02-10-2015, 11:15 PM

I have a merchant with 700+ credit and monthly revenues of $200k+ looking for a line of credit, preferably interest only monthly payments

Industry is plastics manufacturing, and there may be collateral such as AR, property, or liquid assets (stocks/cd's)

**Zach** · 02-11-2015, 12:26 AM

I can get this done pretty easily -- please reach out to me using the contact info below.

**CpepeWBL** · 02-11-2015, 12:42 AM

We have a 24 month interest only line of credit up to 2 million dollars. Must be secured against real estate, and can pre pay the line without penalty anytime after the first 30 days.

Email me with any questions at cpepe@wbl.com.

**mca123** · 02-11-2015, 10:11 AM

What about one with monthly payments though?

**TheChoice** · 02-11-2015, 10:47 AM

what state?

**CpepeWBL** · 02-11-2015, 10:52 AM

We only have weekly, bi weekly, and monthly payments through our core ach and premier product.

**mca123** · 02-11-2015, 10:52 AM

state is florida

**RichardGerard** · 02-12-2015, 07:55 AM

Very easily done.. Principal would need to prepare a Personal Financial Statement, 12 and 13 personal and corporate return, 2014 Profit and Loss, and Balance Sheet. Lender stips would be personal and corporate banking at their facility.. Need strong FICO for rates in the 2 plus prime arena.. If Financials are not that strong, there are other Lenders that will do interest only but at higher rates..

Thread Tools

Display