Results 1 to 7 of 7
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12-05-2016, 11:00 PM #1
- Join Date
- Oct 2014
- Posts
- 7
Line of credit for a $4.6 m business
Denied by their bank for lack of previous large loans. Otherwise great credit, all bills paid on time.
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12-05-2016, 11:25 PM #2
- Join Date
- Jul 2014
- Location
- Jackson Hole Wy
- Posts
- 728
If they have sufficient AR (b2b) and equipment or Real Estate there are the invoice factors that can do these LOC. Seacoast is on this board
What is the industry?
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12-06-2016, 08:06 AM #3
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Line of credit for a $4.6 m business
Hi Tim:
I would like to know more about the company to see if there's a fit with us.
Please give me your contact information.
Bob Shaw
Iron Horse Credit, LLC
rshaw@ironhorsecredit.com
734-929-3800
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12-06-2016, 09:25 AM #4
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Good Morning Tim...
Please feel free to touch base to analyze the balance sheet and discuss options. If they want a true LOC- without a Lockbox- we have partner lenders that can provide that- some with 5 day turnaround- at competitive rates. The roughly 400k per month, should mean they have roughly 600k in receivables (where applicable). If there is an Inventory dynamic, M and E, and/or strong earnings we have several options as well. We can assist with Commercial Construction, Medical Receivables, as well as all typical ABL fields.
Ben (Omegafund) was astute in mentioning Kevin from SeaCoast, however if this falls outside of his parameters feel free to give me a shout.
Regards,
Richard 516 510 3855
Business Capital Consultants
775 Park Avenue Suite 255
Huntington, NY 11743
rg@businesscapitalconsultants.com
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12-06-2016, 09:35 AM #5
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Line of credit for a $4.6 m business
Good morning Ben and Richard
Bob
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12-06-2016, 12:11 PM #6
Hi Tim,
If this is a medical deal, please give me a call.Ben Rutkevitz
Alleon Healthcare Capital
benr@alleoncapital.com
(201) 340-6346
http://www.alleonhealthcare.com/
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12-06-2016, 02:16 PM #7
- Join Date
- Apr 2016
- Posts
- 103
Tim,
We will typically lend up to 10% gross annual sales, so in this case: ($450K) loan amount, but do require collateral (commercial / residential) for amounts over $150K. Our loans are term loans P&I, fully amortizing up to 4-years, however depending on the strength of the file, we are able to offer LOC's or transition the term loan to LOC's based on relationship.
*Note: FICO's > 620, TIB > 2-years, Annual Sales > $1M, NO BK, JUDGEMENTS, LIENS.
Let me know if you have interest in discussing options.
Best.
Sean
LiftForward
917.477.6534
sean@liftforward.
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