Results 1 to 7 of 7
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07-29-2016, 12:15 PM #1
- Join Date
- Jun 2016
- Posts
- 13
$150,000 Short Term Production Loan Requested
Our client a Small Manufacturer (in business for 10+ Years) seeks immediate short term $150,000 ($25,000 min per) production loan to build and fill new orders. Payback would be made over 12 months at 10-12% paid monthly. Looking for individuals ($25,000 minimum) or direct lenders (NO BROKERS, PLEASE) who are ready to invest or lend partially or the complete amount. They have orders in house that need production done. No cash advance companies, looking lenders or investors that could move quickly. Simple promissory note to be paid from deliveries of production orders. There sales in in 2015 were $1.35 Million with a pretax profit of $188,000 . This is a good deal as we have over $200,000 in orders booked and ready to be produced. They also have been approved for an SBA loan but funding is still about 2 months away.
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07-29-2016, 01:50 PM #2
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
$150,000 Short Term Production Loan Requested
Do you propose an unsecured loan?
Bob
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07-29-2016, 02:20 PM #3
- Join Date
- Jun 2016
- Posts
- 13
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07-29-2016, 03:29 PM #4
Is the owner of this company named Harry?
Nick Hubbard
Senior Loan Advisor
314-252-0299 - Office
314-885-2262 - Direct
nick@elitefactoring.com
www.elitefactoring.com
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07-29-2016, 03:56 PM #5
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
$150,000 Short Term Production Loan Requested
Is there any existing debt? If not, we might be interested.
Bob Shaw
rshaw@advancecredit.com
734-929-3800
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08-02-2016, 03:32 PM #6
- Join Date
- Mar 2016
- Posts
- 335
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08-12-2016, 01:05 PM #7
- Join Date
- Jun 2016
- Posts
- 17
I can do the $150k amortized over 10 years at 6.25%. If interested please email me francis.pierre@plousio.com
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