Results 1 to 4 of 4
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05-17-2016, 03:47 PM #1
- 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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05-17-2016, 04:02 PM #2
I search of an Interest Only Working Capital Loan.
How does he intend on paying the balloon payment at the end? Would the grant be for over $2MM?
Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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05-17-2016, 07:53 PM #3
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
I search of an Interest Only Working Capital Loan.
This sounds like an ABL. We may be able to help you put this deal together.
Interest only for 24 months is not unusual in this arena nor is using the collateral you have mentioned.
Bob
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05-17-2016, 08:01 PM #4
- Join Date
- Jun 2015
- Posts
- 19
I search of an Interest Only Working Capital Loan.
How much does he have in equipment and what's the liquidation value approximately ?
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