Results 1 to 10 of 10
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10-17-2016, 03:06 PM #1
- Join Date
- Oct 2016
- Posts
- 7
Import/ Export business $2M gross. 780FICO. Seeking $100K LOC
I have a client in Houston, TX seeking $100K LOC. Below are the specs:
- 5 year old company
- Import/ Export business
- $2M Gross
- Excellent credit (780)
- Currently, no UCC liens
He's refusing to do factoring or any other type of financing where the cost of capital is high. Ideally, he would like a $100K line of credit under 8% interest. If anyone has a program that meets this client's criteria, please post your contact info and/or send me a message. Thank you.
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10-17-2016, 03:18 PM #2
- Join Date
- Jul 2014
- Location
- Jackson Hole Wy
- Posts
- 730
celticbank
Ideally tell him to go to his bank/sba/, lots of local community banks will do these
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10-18-2016, 08:54 AM #3
- Join Date
- Apr 2013
- Location
- Basalt CO
- Posts
- 867
Is this that Vandelay Industries deal?
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10-18-2016, 11:29 AM #4
- Join Date
- Apr 2016
- Location
- Florida
- Posts
- 133
this looks like a bank deal/ with that credit and revs, why does he not use his bank? Omega is spot on here!! Is there anything in the background you need to know about??
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10-18-2016, 11:39 AM #5
- Join Date
- Mar 2016
- Posts
- 335
---
Bill Doody
Round Table Financial
Business Development Officer
bill@rtfinancialgroup.com
C: (949) 444-3346
www.rtfinancialgroup.com
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10-18-2016, 11:42 AM #6
- Join Date
- Mar 2016
- Posts
- 335
In all seriousness, this forum is a secondary market for financing. If he can't get traditional bank funding, he will have to pay the cost of funds in THIS market, whether he is prepared to or not.
---
Bill Doody
Round Table Financial
Business Development Officer
bill@rtfinancialgroup.com
C: (949) 444-3346
www.rtfinancialgroup.com
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10-18-2016, 11:54 AM #7
- Join Date
- Apr 2013
- Location
- Basalt CO
- Posts
- 867
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10-18-2016, 12:22 PM #8
- Join Date
- May 2016
- Posts
- 21
Evolution Capital Group
funding@evocapitalgroup.com
888-624-2561
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10-18-2016, 05:01 PM #9
- Join Date
- Dec 2015
- Location
- Texas
- Posts
- 552
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10-18-2016, 05:54 PM #10
- Join Date
- Sep 2015
- Location
- Miami, FL
- Posts
- 189
Import/ Export business $2M gross. 780FICO. Seeking $100K LOC
LOC for $100K on a company that exports? Try the SBA. Banks will only do this backed up by a SBA guarantee for such a small amount. If the client can't seem to qualify for SBA then Te-direct him to factoring and I may be able to not only finance his receivables but also his pre-sold purchase orders. Hope this helps.
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