Term Loan For A Sole Prop?

**ks0807** · 10-20-2015, 03:40 PM

Who can do term loans for a sole prop??

**LoanMe** · 10-20-2015, 03:44 PM

LoanMe can.

**ks0807** · 10-20-2015, 03:47 PM

Need better rates. At least 15% over 2-3 years. Great credit & cash flow.

**LoanMe** · 10-20-2015, 03:50 PM

How much is the borrower looking for?

**RichardGerard** · 10-21-2015, 09:30 AM

We get Schedule C's done all the time.. EVEN THOSE THAT ARE HOME BASED.. Credit needs to be above 600 with profits and at least 1 year of tax returns, and interim financials..

Best,

Richard 516 510 3855

www.businesscapitalconsultants.com

**FUNd** · 10-21-2015, 09:33 AM

Fora will do home based sole prop. Even construction and transportation.

**RichardGerard** · 10-21-2015, 09:36 AM

Fora will do an advance... Client seeks 15-20% over 2-3 years.. Term Loan

**FUNd** · 10-21-2015, 09:37 AM

Good luck.

**RichardGerard** · 10-21-2015, 09:48 AM

If the guarantor has strong credit and strong profits it isn't about luck..

**FUNd** · 10-21-2015, 09:55 AM

You're right, it's about the rate being commensurate with the investors risk. It goes a little deeper than credit and profits.

**RichardGerard** · 10-21-2015, 10:02 AM

FUNd... absolutely.. We have 2 banks that like this paper.. They see Schedule C's as future S Corps or LLC's and lend based on standard UW practices..

Thread Tools

Display