For direct lenders only:

I have a wholesaler in need of $300K or 490K including the consolidation of their current two loans totaling $189K. Ideally, they would like to consolidate the loans into one. Also they are willing to pay off the first position with their own funds if they obtain a conditional approval.

This deal does not meet SBA guidelines or conventional loans because they have shown losses in the past 3 years, plus the credit of the borrower is not the best.

The numbers are as follows:
As per P & L 2015: Annual Sales of $5MM
Net Income: -$225K
Average monthly deposits: $467k
Average Daily Balance: $120k

Let me know if you can help or PM.