Term Loan for Restaurant with 7 months TIB
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  1. #1

    Term Loan for Restaurant with 7 months TIB

    I have a client whose doing about 25k-30k a month in revenue with his restaurant and only wants to do a monthly payment structure. He's looking for 15-20k and has no existing positions.

    Is there any program that supports something like this? His time in business is only 7 months and his credit is around 650.

  2. #2
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    Quote Originally Posted by ottov View Post
    I have a client whose doing about 25k-30k a month in revenue with his restaurant and only wants to do a monthly payment structure. He's looking for 15-20k and has no existing positions.

    Is there any program that supports something like this? His time in business is only 7 months and his credit is around 650.
    Headway but they're also dropping off this month

  3. #3
    Senior Member Reputation points: 35
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    Brickell Miami FL, Office is in Post Falls, ID 83854
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    Quote Originally Posted by ottov View Post
    I have a client whose doing about 25k-30k a month in revenue with his restaurant and only wants to do a monthly payment structure. He's looking for 15-20k and has no existing positions.

    Is there any program that supports something like this? His time in business is only 7 months and his credit is around 650.
    I can offer a preferred equity investment if the cash flow makes sense

    Email me if interested
    Private Investment Banker
    ECP Accredited
    QIB Accredited
    ENTERPRENEUR STARTUP LLC
    [email protected]

  4. #4

    Term Loan for Restaurant with 7 months TIB

    Our tib is 6 months min.

    We’re actively funding A–C paper with the following guidelines:

    Funding Overview:
    * Deal Size: $10K – $350K (larger deals considered case-by-case)
    * Positions: 1st – 5th
    * Terms: 3 – 11 months (12–44 weeks / up to 220 days)
    * Buy Rates: 1.30 – 1.39
    * Broker Compensation: 10 – 12 points
    * Origination Fee: 5 – 6%
    Minimum Requirements:
    * Time in Business: 6+ months
    * Monthly Revenue: $20K+
    * FICO: 500+
    * Max Negative Days: 5
    * Minimum Deposits: 5
    * Stips: Driver’s License, Voided Check, AR, or Credit Card Processing Statements
    Auto-Declined Industries:
    * Auto Sales
    * Real Estate / Development / House Flipping
    * Collections & Credit Repair
    * Financial Businesses
    * Law Firms / Attorneys
    * Religious Organizations

    If you’d like to discuss a partnership or send deals, feel free to call or text me directly . I’m available 24-7

  5. #5
    Senior Member Reputation points: 11048
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    Jun 2020
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    Missouri
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    Quote Originally Posted by ISO JAY View Post
    Our tib is 6 months min.

    We’re actively funding A–C paper with the following guidelines:

    Funding Overview:
    * Deal Size: $10K – $350K (larger deals considered case-by-case)
    * Positions: 1st – 5th
    * Terms: 3 – 11 months (12–44 weeks / up to 220 days)
    * Buy Rates: 1.30 – 1.39
    * Broker Compensation: 10 – 12 points
    * Origination Fee: 5 – 6%
    Minimum Requirements:
    * Time in Business: 6+ months
    * Monthly Revenue: $20K+
    * FICO: 500+
    * Max Negative Days: 5
    * Minimum Deposits: 5
    * Stips: Driver’s License, Voided Check, AR, or Credit Card Processing Statements
    Auto-Declined Industries:
    * Auto Sales
    * Real Estate / Development / House Flipping
    * Collections & Credit Repair
    * Financial Businesses
    * Law Firms / Attorneys
    * Religious Organizations

    If you’d like to discuss a partnership or send deals, feel free to call or text me directly . I’m available 24-7
    No company name, no rep name, no phone # or email address. Who are you and what is the name of your company?
    Tom Harrier
    Integrity Commercial Loans, LLC
    407-928-8542
    [email protected]
    www.integritycommercialloans.com
    Licensed Florida Real Estate Broker

  6. #6
    Breakout may be able to help with that request if they’ve filed their taxes and can show a profit.

  7. #7
    Quote Originally Posted by ottov View Post
    I have a client whose doing about 25k-30k a month in revenue with his restaurant and only wants to do a monthly payment structure. He's looking for 15-20k and has no existing positions.

    Is there any program that supports something like this? His time in business is only 7 months and his credit is around 650.

    Monthly is going to be tough with a score of <680. I would take them to ARF, they're a bit of a PITA, but have some good options for the client like I/O, bankroll program and it's a loan vs. an advance.

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