[Newman410]

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.

[omegafund]

celticbank
Ideally tell him to go to his bank/sba/, lots of local community banks will do these

[skideeppow]

Is this that Vandelay Industries deal?

[biggr]

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??

[TedFundy]

Is this that Vandelay Industries deal?

LOL

[TedFundy]

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.

[skideeppow]

LOL

so classic

[CEVOLUTION]

Evolution Capital Group
funding@evocapitalgroup.com
888-624-2561

[Davincinc]

https://www.sofi.com/refer/347/188567

4-7%

[VFG]

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.