Need a 30k collateralzed business loan. Free and clear SFR worth $126,000 in NC.
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  1. #1

    Need a 30k collateralzed business loan. Free and clear SFR worth $126,000 in NC.

    I have a client in need of a business loan for 30k. He has a SF home in Spruce Pine, North Carolina that his mom lives in free and clear (he does not occupy it-lived out of state) worth $126,000 that he can pledge as collateral. He'll can put it in the name of his business if necessary. His monthly bank deposits for August, 2015 are $14,123, July 2015 are $2693, June 2015 are $4,000, and May $5195. Looking to work with a direct lender not a broker. Email Brad if you can help.

  2. #2
    Sounds like that's in our sweet spot, we just may need to see a longer cash flow history. Email me at cpepe@wbl.com or give me a ring 212 293 8210!


    Regards,

    Chris Pepe
    Vice President
    World Business Lenders

  3. #3
    Senior Member Reputation points: 16709
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    Quote Originally Posted by Funder Brad View Post
    I have a client in need of a business loan for 30k. He has a SF home in Spruce Pine, North Carolina that his mom lives in free and clear (he does not occupy it-lived out of state) worth $126,000 that he can pledge as collateral. He'll can put it in the name of his business if necessary. His monthly bank deposits for August, 2015 are $14,123, July 2015 are $2693, June 2015 are $4,000, and May $5195. Looking to work with a direct lender not a broker. Email Brad if you can help.

    get a local private lender is your best option

  4. #4
    thank you for the suggestion.

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