Results 1 to 11 of 11
Threaded View
-
12-22-2015, 02:52 PM #1
Reputation points: 839
- Join Date
- Mar 2015
- Posts
- 78
3M/mo gross + assets, low 600s FICO. Best longer term/bigger amount lenders?
Used auto sales, credit low-mid 600s, 9 years in business. No advances out.
Showed massive growth from 14 million gross in 2013 to 26 million gross in 2014. 3 million / month gross currently, banks are healthy with no NSFs, no BKs, liens, etc.
Assets: Two homes valued at $180K, has a ~30,000 remaining on one and paid in full the other. Also owns warehouse free and clear at $250K, and a vacation home in Poconos at $130K. Paying mortgage on business location 9300/mo.
He had turned down an approval at .26-.37 at 10 months, 200k back in October due to rate and amount being low, and is extremely rate sensitive. But very open to any structure as long as rate is looow and MCA may not be the best fit but other programs can that can offer much more at a longer term.
What longer term or higher amount lenders would take a crack at this? I already know of guys like FundingCircle but what other options exist?Last edited by Lender Of Gold; 12-22-2015 at 03:09 PM.
Similar Threads
-
Roofing Co. Looking for 5-700K Term Loan. Does $6M/year Avg. $2.6M in Assets
By Fundyman in forum Deal BinReplies: 11Last Post: 04-16-2018, 08:10 AM -
OnDeck Launches An Industry First: OnDeck Term 24, A New Loan Product Offering Amount
By isaacdstern in forum Merchant Cash AdvanceReplies: 9Last Post: 05-04-2016, 10:58 AM -
Gross $175,000 per month avg daily $42,000 fico 498
By jeffcapital in forum Deal BinReplies: 11Last Post: 08-10-2015, 01:05 PM -
Construction Co. Seeking 350K 24 month term for Building Purchase. $2.7M/yr gross
By Fundyman in forum Deal BinReplies: 2Last Post: 07-12-2015, 08:07 PM -
Longer Term Lender
By Mr.Network in forum Deal BinReplies: 7Last Post: 07-07-2015, 12:48 PM