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02-26-2015, 03:50 PM #1
Reputation points: 17587
- Join Date
- Sep 2014
- Posts
- 720
Oil Exploration
Looking for $300K
$150K outstanding mca debt, would like to consolidate and net another $100-150K (depending on lender net requirements). Can't find anyone to service this kind of action for Oil Exploration. Fundation, BFS, Rapid, and Kalamata have been eliminated as a options. Also tried securing a second for $100-$150K with both lenders I'm aware of that will do it over a year at first position rates and also restricted there.
Sole prop, Texas, High 700s credit, $150K+ ave ledger, $2.4MM revenue (2014), $632K net income on 2014 P&L. Have 6 months statements, 2012/13 Corporate Tax Returns, application, ect.
Thoughts?
Please keep in mind when responding that you will be thoroughly vetted prior to the release of any sensitive information - direct lenders only please. Lets make some money. Nothing shorter than 1 year, no higher than 1.30. Preferably 18 months, higher factor rate allowance there obviously.Last edited by anonymous; 02-26-2015 at 04:09 PM. Reason: because