[csbdave]

I'm talking to a manufacturing business in CA that is changing owners. The company will also have new incorp papers and name, etc. The product and the customer base will stay the same moving forward. $3.5 mill annual revenues. New owner has a 796 credit score. No real estate or equipment to be used as collateral.

This would most likely be considered a "new" business by a number of lenders. Who would consider funding this business?

[Kevin Henry-Seacoast]

I'm talking to a manufacturing business in CA that is changing owners. The company will also have new incorp papers and name, etc. The product and the customer base will stay the same moving forward. $3.5 mill annual revenues.

This would most likely be considered a "new" business by a number of lenders. Who would consider funding this business?

Hi CSBDave,

We just completed a deal like this for a manufacturing business. We could possibly provide a working capital facility in the form of factoring or asset based line of credit. Please give me a ring.

Best,

Kevin

[RichardGerard]

Definitely worth a shot contacting Kevin.. It's not an advance but if there is a legitimate way to get it done on tier 1 paper- he will

[dpFund]

Hey CBSDave,

I am a direct lender and would not look at this as a start up, since the business has been in existence for quite some time.

Not sure what kind of funding your client is looking for, but we do 12-18 month term with monthly payments. Funding is predicated upon net income from the business, not bank deposits.

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

Best,

Dan Page
Direct: (303) 938-8280
dan@fundingstrategypartners.com