Human Staffing Company Seeking $1.8M AR
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  1. #1

    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

  2. #2
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    Human Staffing Company Seeking $1.8M AR

    I don't understand. Are his assets presently encumbered?
    Bob

  3. #3
    Senior Member Reputation points: 68233
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    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

  4. #4
    Senior Member Reputation points: 5777
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    Thanks for clarifying... I sometimes accidentally fund Chimpanzee Staffing Companies.

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