Results 1 to 6 of 6
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02-18-2016, 12:42 PM #1
- Join Date
- Jun 2015
- Posts
- 3,327
company owned by a private equity
any lenders will do it ? merchant averages 2 million a month and is looking for 700k .
ceo can sign for business but has zero ownership
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02-18-2016, 12:51 PM #2
- Join Date
- Oct 2013
- Location
- New York, NY
- Posts
- 1,203
Im assuming the CEO has the notarized documentation granting him the power to take on debt on behalf of the business. Ive come across this a few times and as long as that document is in place then there shouldn't be a problem.
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02-18-2016, 01:20 PM #3Regards,
Matthew A. Stucchio
Associate
World Business Lenders, LLC
120 W. 45th St.
5th & 29th Floor
New York, NY 10036
Main: (212) 293-8200
Direct: (212) 220-6018
Fax: (646) 417-7161
Email: Mstucchio@wbl.com
www.WBL.com
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02-18-2016, 01:28 PM #4
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,509
Michael,
We have provided numerous working capital facilities for private equity, venture capital, and family office backed companies. From my experience it is not so much who has authorization to sign documents as to the PG. Most likely the board of directors will have to vote on any capitalization matters. Most funds and family offices are not willing to sign a PG. We have asked for validity agreements from management instead.
Companies doing $2mil a month are in our wheelhouse. I would be happy to take a look to seek if we can provide a working capital facility.
Best,
KevinKevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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02-18-2016, 03:27 PM #5
- Join Date
- Sep 2014
- Posts
- 720
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02-18-2016, 04:32 PM #6
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
company owned by a private equity
If your client is open to other finance programs I like spend a few minutes with you.
Bob
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