Results 1 to 2 of 2
Hybrid View
-
06-24-2015, 12:03 PM #1
Reputation points: 8723
- Join Date
- Apr 2015
- Posts
- 159
1st/2nd Position?
Client software company, $30k revenue mo. Average monthly cash balance is $14,000. Zero debt; they just paid down a loan from a major A-paper financing institution.
They've been generating revenues since 2012. Need $250,000 (ideally) for expansion, specifically 1) technology platform upgrade and 2) marketing. Clearly they don't have the revenues necessary for that amount, but they definitely have the cash flow for multiple products.
That said, a couple of questions:
1) Which financing institutions can come through with 2x monthly average of revenues?
2) Which financing institutions are okay with a 2nd position?
3) Which financing institutions are okay with being in the 2nd position?
Your help and input is MUCH appreciated.
Thank you
-
06-25-2015, 10:19 AM #2
Reputation points: 115
- Join Date
- May 2015
- Posts
- 34
Hey there,
WBL funds 2x the average monthly gross and does not mind being in the second position. We would ask for collateral to mitigate risk and get the client more money. We would accept collateral in forms of Real Estate with available equity or vehicles that are owned outright.
Give me a call I would like to talk to you about this one.
PHILLIP MUSSA
Account Manager
World Business Lenders: Orange Branch
1820 W. Orangewood Ave
Suite 205
Orange CA 92868
Direct & Fax: (714) 988-4610
Email: Pmussa@wbl.com