Results 1 to 5 of 5
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07-28-2015, 06:06 PM #1
- Join Date
- Jan 2014
- Posts
- 283
Seeking Loan/LOC Product for existing client
I have a client that is seeking funding for a project, time is of the essence (isn't it always). I have funded him recently, but he still needs $300,000-$500,000 more. We do not want to do the whole stacking thing with another MCA company, so I am seeking something more along the lines of a Term Loan or Line of Credit(preferably interest only with monthly payments...open to weekly)
Revenue is good, $250,000-$275,000/month, credit score is over 730, clean history and bank statements. Need a Direct lender, sorry no Brokers on this one!
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07-28-2015, 08:33 PM #2
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Seeking Loan/LOC Product for existing client
Has the mca lender filed a lien?
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07-31-2015, 11:16 AM #3
- Join Date
- Jan 2014
- Posts
- 283
Not sure if they have yet, why?
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07-31-2015, 01:13 PM #4
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Because if they have it would preclude any other lender from taking a first lien position unless the MCA would subordinate to them.
Depending on their business we might be able to help them.
Bob Shaw
734.929.3800
rshaw@advancecredit.com
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08-05-2015, 12:12 PM #5
- Join Date
- Aug 2015
- Location
- Boca Raton, FL
- Posts
- 47
I have an unsecured line of credit for $200,000...no credit cards...if he qualifies then $$$ deposited into business account...I may also be able to do something with his A/R or if he owns any commercial property.
Sincerely,
Jay Rich
President/Senior Funding Advisor
Anthem Financial Group, Inc
Phone: (561) 510-0801
jay@anthemfinancialgroup.com
LinkedIn, connect with me: LinkedIn
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