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09-29-2015, 02:30 PM #1
- Join Date
- Apr 2015
- Posts
- 5
Term Loan Consolidation Program
Anyone familiar with the lenders that are providing Term Business Loans? Other than Funding Circle. I heard there is a company that will do a quarterly payment for term loans 2-5 years. Merchant has to show interim financials and 3 years business taxes and 1 yr personal taxes. Also, merchant does not have to show profit on tax return.
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09-29-2015, 02:56 PM #2
- Join Date
- Nov 2013
- Posts
- 598
If its Metrix thats offering you that quarterly payment I wouldnt recommend it. DealStruck is good, a little slow but their pricing is strong, all else being equal they offer up to 25% of annual revenues.
Most term loan lenders need to see a profit in at least 1 of 2 years reported tax income.
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09-29-2015, 04:40 PM #3
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
I am a direct lender and we provide the equivalent structure of a term loan (one year term with monthly payments). Not sure if that is a fit for what you seek or not. Technically we are more like a factor in that we purchase future revenue, except that we are not purchasing any specific contract, receivable, etc. We are simply purchasing a portion of future company revenue over a twelve month term, with monthly payments. Clients can pre-pay remaining principle after six months with no fees/penalties.
Clients use our funds for expansion capital and/or MCA consolidation.
Let me know if you are interested in discussing.
Best,
Dan Page
Direct: (303) 938-8280
dan@fundingstrategypartners.com
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11-18-2015, 08:03 PM #4
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
We are not a Direct Lender however we are a Business Consulting Firm that works at arms length with Banks, Lenders, and Investors that are pleased to consolidate files where the Client's Financial Fitness is strong- especially after diminishing the debt service associated with their ACH debits. We can extend terms out to 36 months, however 18-24 months (with bi weekly payments) is more realistic on those files that are leveraged (stacked).
If a firm has shown a profit (even with their daily payments) they are likely a strong candidate for the Lenders we work with.. Dissimilar to Dan our model is not revenue driven it's profit and balance sheet driven.
Regards,
Richard
Direct 516 510 3855
www.businesscapitalconsultants.com
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