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05-17-2016, 03:47 PM #1
Reputation points: 10
- Join Date
- Dec 2015
- Location
- San Diego, CA
- Posts
- 25
I search of an Interest Only Working Capital Loan.
My client is looking for an interest only business growth loan for the first 18-24 months, with no prepayment penalty, as he has a guaranteed Grant from his state that will be coming between October of 2016 to July 2017. He has machinery and property to collateralize, and will have the means to gross a minimum of $100K monthly in 60 days. plus another contract coming that ensures $3 million annual gross, but he doesn't want to sign that until he has the means to run 24/7 and have enough raw material to run 24/7.
he is look for $2million but would be able to swing $1.5 million.
Please only respond if you actually have an TRUE i/o loan product.
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