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  1. #1

    looking for 3-5 year term loan

    Hi Guys,

    I have a large client, company is in business for over 30 years FICO is above 720 grosses 15 million/year.

    Currently has 1 mil in outstanding debt. Paying just over 40k a month towards those loans.

    He is looking for a 3-5 year term loan to consolidate his debt and lower his payments. He is not

    concerned with taking additional money out.

    If you are interested, please feel free to PM me for more details.

  2. #2
    Senior Member Reputation points: 32550 Funder Mark's Avatar
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    DP Fund would likely be you best bet here, if he has real estate, WBL may be able to help.

  3. #3
    Dpfund doesn't go out longer than 18 months but will definetly be able to give you the amount of capital you need.

    WBL has an I/O program that might be a good fit (just expensive) and of course dependant on the amount of equity built into any real estate.

  4. #4
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    Fairly certain I already sent that file to dpfund and everywhere else. he needs to stop renewing a position every chance they give him (if we are talking same company). Frustrating file, best of luck.

    Actually nvm, he was paying A LOT more than that/month.
    Last edited by anonymous; 01-15-2016 at 10:54 AM.

  5. #5
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    I may have two different options that could be a fit. One would drop his monthly payout to about $15,000 monthly.
    Bob Shaw
    734-929-3800
    rshaw@advancecredit.com
    rshaw@millenniumfundingusa.com

  6. #6
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    Depending on the Business and Financials we have several options that would work.. I will PM you..

    Richard 516 510 3855

    www.businesscapitalconsultants.com

    775 Park Avenue Suite 255
    Huntington, NY 11743

  7. #7
    Member Reputation points: 97 Worldwide Capital's Avatar
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    You send the deal to Funding Circle, Deal Struck or Fundation!

  8. #8
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    If/when those folks that Worldwide Capital mentions can't get it done, give me a call..

    Richard 516 510 3855

    www.businesscapitalconsultants.com

    775 Park Avenue Suite 255
    Huntington, NY 11743

  9. #9
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    Atta boy Richard

  10. #10
    Who is DP Fund and how do I contact them?

  11. #11
    Quote Originally Posted by jaynyone View Post
    Who is DP Fund and how do I contact them?
    Dan Page
    Direct: (303) 938-8280
    dan@fundingstrategypartners.com

  12. #12
    Senior Member Reputation points: 34509 Jstarr's Avatar
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    If he has real estate i can offer 3 years interest only up to 70% LTV. strictly asset based, not to concerned about his income.
    Jerry Starr
    Insource Funding
    433 Plaza Real, Ste 275 Boca Raton, Fl 33432
    P: 800-805-3391 Fx: 561-270-6895
    Jerry@insourcefunding.net | insourcefunding.net

    WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL

  13. #13
    At CAHardMoney offer you 2nd mortgages on commercials. With Minimal documentation, we will process all request regarding San Diego hard money loans and Los Angeles private money loans.

  14. #14
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    I can get these types of deals done for you. If your merchant is seeking an intrest rate and APR under 20% with merchant paying a minmum of $50,000/month in Merchant Cash Advances, other uncollateralized business debt i.e. AMEX and other business cards/ accounts, 3-5 yr terms and any FICO is ok. Give me a contact if your interested in learning more.

  15. #15
    What is your contact info?

  16. #16
    Quote Originally Posted by tburke View Post
    I can get these types of deals done for you. If your merchant is seeking an intrest rate and APR under 20% with merchant paying a minmum of $50,000/month in Merchant Cash Advances, other uncollateralized business debt i.e. AMEX and other business cards/ accounts, 3-5 yr terms and any FICO is ok. Give me a contact if your interested in learning more.
    What is your contact info?

  17. #17
    We have a healthy tie-up with California hard money lenders for over a decade. If you are in Los Angeles and need private money loans PM me

  18. #18
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    Quote Originally Posted by ISELLCASH View Post
    Hi Guys,

    I have a large client, company is in business for over 30 years FICO is above 720 grosses 15 million/year.

    Currently has 1 mil in outstanding debt. Paying just over 40k a month towards those loans.

    He is looking for a 3-5 year term loan to consolidate his debt and lower his payments. He is not

    concerned with taking additional money out.

    If you are interested, please feel free to PM me for more details.
    Why haven't you tried SBA financing? Seems ripe for that 10. 10 year terms are available with no real estate and we can go to 25 year terms with real estate. We underwrite 100+ of these banks in house. Can usually get deals like this done in 30-45 days.

  19. #19
    Senior Member Reputation points: 290 1StopFunding's Avatar
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    Try Mac over at The Credit Junction
    Cheryl Tibbs- General Manager
    Equipment LeaseCo Inc
    www.equipmentleaseco.com

  20. #20
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    looking for 3-5 year term loan

    Mac will only go out w years. However there are other all lenders we work with that go to 5
    Bob

  21. #21
    If you own real estate in San Diego and you have credit or income problems and your bank has turned you down then we might be your solution

  22. #22
    Senior Member Reputation points: 68233
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    Since this original post was from 6 weeks ago I wonder if this challenge still exists. Having said that it's interesting to see the different perspectives posted.

    The revenue and the FICO are small pieces of information in terms of trying to understand the global situation/possible solutions available. The $1M in debt gives me more data, but without understanding the business, their gross profit margin, the state they're located in, whether or not sales are trending up or down, how can anyone even venture a guess as to how to help?

  23. #23
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    There are at least two of us here that can help your client out, Richard and myself. We both
    specialize in underwriting more traditional ABL loans and from the minimal information you have given an ABL might be the best available option for your client.
    Bob

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