Results 1 to 9 of 9
-
11-22-2015, 10:59 AM #1
- Join Date
- Jan 2015
- Location
- Laguna Beach
- Posts
- 463
$1 Million Term Loan
I have a client who is doing $1.4M per month and is looking for $1M term loan (at least a 2 year term). Decent credit and 9 years in business. They don't want to go through the hassle of an SBA loan. Any ideas?
-
11-22-2015, 12:02 PM #2
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
Talk to Richard Gerard on this forum. He could be a great resource for you. I have a client that I recently consolidated $912k of MCA loans and am working with Richard to help him pay off his funding early and get him an additional $1M at a much lower rate. So if he has the ability to do this, he might be able to help you, too.
-
11-22-2015, 12:51 PM #3
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
$1 Million Term Loan
I have several but it depends on the company's business and its financial position .
Please give me your contact information.
Bob Shaw
734-929-3800
rshaw@advancecredit.com
-
11-22-2015, 03:27 PM #4
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Thanks Dan... Industry, Assets and Financials will be determining factors Christian. Reach out to me if you wish for assistance.. we typically split revenue on these and can close them in less than 10 business days..
516 510 3855
www.businesscapitalconsultants.com
-
11-22-2015, 04:38 PM #5
- Join Date
- Jun 2015
- Posts
- 3,325
Bfs can go to 21 months and pays 5 points on that program but we won't be as cheap as the other guys avove
-
11-22-2015, 05:25 PM #6
$1 Million Term Loan
Good luck closing anything with BFS!
We call BFS - Bunch of Stips- Bunch of Sissies!
1. There underwriters make errors that should have been foreseen before sending contracts out. Ex. Calculation of gross! That's underwriting 101 an if you can't teach that to someone your better off not sending the deal.
2. Asking for an explanation of why it was declined- Good luck-they never answer the phone or emails. Ex: And when you go one above your rep. Scott hangs up on you because he doesn't want to hear what you have to say!
3. An than after everything was said and done you find out it was given to "trusted" family Entrust. Your welcome Ilya.
4. There rates and terms are not competitive at all. Maybe to Wbl but other than that BFS. They were good but now are to good for there own kind.
5. To answer your question on a Million dollar deal. You have SFS(Ach),CAPROCK(split deals)etc. of some off the top of my head.
6. Good luck! May you be more healthy, happy and prosperous but don't be greedy!!
-
11-22-2015, 07:29 PM #7
- Join Date
- Apr 2014
- Posts
- 781
Richard G駻ard is the place you go
-
11-24-2015, 02:21 PM #8
- Join Date
- Dec 2013
- Posts
- 4,713
Cresthill Capital has from the fewest stips needed to fund a deal, at the same time cant blame a funding house for requesting stips.
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
覧覧覧覧覧覧覧覧覧覧覧覧覧
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
-
11-24-2015, 02:35 PM #9
- Join Date
- Oct 2015
- Location
- CA
- Posts
- 63
Sent you private message. Let's chat.
Similar Threads
-
Short Term Loan
By wally in forum Business LoansReplies: 6Last Post: 08-05-2015, 12:04 PM -
Need a LOC or MCA loan 250K - 500K or 1.5 - 2.5 Million - Low rate - Long Term
By Big Papi in forum Deal BinReplies: 6Last Post: 06-08-2015, 04:41 PM -
Refinance + Term Loan Deal
By lendinghand in forum Deal BinReplies: 3Last Post: 05-12-2015, 01:34 PM -
Client in need of loc or term loan
By lendinghand in forum Business LoansReplies: 3Last Post: 04-10-2015, 02:42 PM -
Merchant Cash and Capital Receives $75 Million Term Loan from Investment Consortium
By CO1 in forum Merchant Cash AdvanceReplies: 6Last Post: 03-18-2014, 09:03 AM