Results 1 to 8 of 8
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06-12-2016, 12:03 PM #1
- Join Date
- Jun 2014
- Posts
- 84
Business looking for 500k - it does 2.5million in annual sales
My customer is looking for 36 month loan at 12%. Biz does over 200k per month.
He currently has 2 loans out. One of them is a daily advance.
Let me know if you can assist.
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06-12-2016, 12:39 PM #2
- Join Date
- Jul 2014
- Posts
- 1,746
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06-12-2016, 01:39 PM #3
Business looking for 500k - it does 2.5million in annual sales
Doubtful he will get 500K
Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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06-12-2016, 01:40 PM #4
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Well said FUNd.. I know guys that want to sleep with Supermodels- doesn't mean it's going to happen..
Truth is though that if the business is profitable, the guarantor has good credit, and there is sufficient collateral-the client get can rates and terms better than that.
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06-12-2016, 01:49 PM #5
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Business looking for 500k - it does 2.5million in annual sales
Richard is correct. Depending on the business's collateral, credit and nature the client may qualify for rates and terms better than those offered in the Advance arena.
What is the business? Why do they need a new loan? Will anyoan proceeds be used to retire the existing debt.
These questions are just a start.
Either Richard or I could give you an anlysis of your customer's options.
Bob Shaw
723-929-3800
rshaw@advancecredit.com
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06-12-2016, 04:28 PM #6
- Join Date
- Jul 2014
- Posts
- 1,746
There's probably a very good reason why he has already taken out a cash advance set up on a daily payment structure.
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06-13-2016, 03:25 AM #7
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
FUNd:
I agree, you're probably right. I do see files all the time however, that should never have gone the daily payment route.
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06-13-2016, 10:04 AM #8
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Guys, perhaps it's as simple as no one introduced him to a better option.
Bob
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