[Michael I]

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

[AndyYSCISOdept]

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.

[MatthewAStucchio]

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

Document would be a board resolution. If provided WBL can take a look if Real Estate is willing to be pledged. Thanks

[Kevin Henry-Seacoast]

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,

Kevin

[anonymous]

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

I would just call one of the underwriters where you would place the deal if that weren't the case, see if they can do it, then go down the line. I'm sure one of them will get creative or come up with a solution.

[bdshaw]

If your client is open to other finance programs I like spend a few minutes with you.
Bob