Results 1 to 4 of 4
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05-03-2016, 04:25 PM #1
- Join Date
- Aug 2015
- Posts
- 67
Human Staffing Company Seeking $1.8M AR
I have a client based in Toronto, CA who is seeking $1.8 AR for at least 80% to 90% financing and terms of 1.15. They have been in business over 2 years and does not want to put up any real estate as collateral.
I do have financials and projections up to April.
I prefer direct lenders as I'm already working with a broker. But if you may be able to get close to the 1.15 then we may have a deal.Last edited by D360; 05-03-2016 at 06:14 PM.
Doran M. Summers
Small Business Loans & Commercial Loans
3960 Howard Hughes Parkway Suite #500
Las Vegas, NV 89169
Doran@DoranSummers.com
Www.DoranSummersFunding.com
217.799.0156
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05-03-2016, 04:57 PM #2
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Human Staffing Company Seeking $1.8M AR
I don't understand. Are his assets presently encumbered?
Bob
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05-03-2016, 05:15 PM #3
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
If he is pledging AR he is pledging collateral. If he is seeking Senior Debt and your Intermediary can't help, feel free to reach out to me..
Richard 516 510 3855
www.businesscapitalconsultants.com
775 Park Avenue Suite 255
Huntington, NY 111743
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05-03-2016, 05:57 PM #4
- Join Date
- Mar 2016
- Posts
- 335
Thanks for clarifying... I sometimes accidentally fund Chimpanzee Staffing Companies.
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