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  1. #1

    Seeking fixed rate term loan for Garage Door Business

    My merchant is seeking a term loan with a decent rate for his garage door business. He deposits about $150,000 a month and is seeking a $100,000 plus loan with a decent rate over 3-5 years.

  2. #2
    Senior Member Reputation points: 68233
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    So the client is doing around $1.8M per and seeks 100k.. There are several sources for this..

    Do they have any other credit instruments in place?
    What is the FICO of the guarantor?
    How long have they been in business?
    How much inventory do they have on the balance sheet?

    Conveying the data necessary to recommend a solution is important.

    Feel free to reach out if you would like assistance..

    Richard 516 510 3855

    www.businesscapitalconsultants.co

  3. #3
    Hello. We can definitely fund this deal. Lets talk 818-310-3627
    Myfundingpro.com

  4. #4
    Banned Reputation points: 17587
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    Quote Originally Posted by My Funding Pro View Post
    Hello. We can definitely fund this deal. Lets talk 818-310-3627
    Myfundingpro.com
    "My Funding Pro has over 5,000 participating lenders"
    - myfundingpro.com

  5. #5
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    Quote Originally Posted by My Funding Pro View Post
    Hello. We can definitely fund this deal. Lets talk 818-310-3627
    Myfundingpro.com
    Their are at least a dozen other components that go into underwriting a term loan and you can "definitely fund"... come on

  6. #6
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    Seeking fixed rate term loan for Garage Door Business

    Richard has asked the important questions.
    Bob

  7. #7
    Senior Member Reputation points: 23702
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    Quote Originally Posted by anonymous View Post
    "My Funding Pro has over 5,000 participating lenders"
    - myfundingpro.com
    That's a lot of lenders. I wonder if they shotgun to all 5,000...?

  8. #8
    Banned Reputation points: 17587
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    Quote Originally Posted by FUNd View Post
    That's a lot of lenders. I wonder if they shotgun to all 5,000...?
    Yes, they do. It's a simple four step process FUNd, please try to keep up:

    myfundingpro.JPG

    Very well written I might add.
    Last edited by anonymous; 03-31-2016 at 07:37 PM.

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