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  1. #1
    Member Reputation points: 10
    Join Date
    Dec 2015
    Location
    Costa Mesa, California
    Posts
    16

    Term Loan Needed - Retail Flooring (DIRECT LENDERS ONLY)

    Hello all,

    We have a merchant who sells flooring (not construction) in the state of Arizona. The merchant is looking for a term loan (24 months or more) of about 150K to take out a Kabbage balance of 70K and net some on top for expansion and general working capital. If you can point me in the right direction it would be much appreciated. The detail specifics are as follows.

    Structure: LLC
    Fico: 678
    Industry: Retail flooring sales
    Trade Lines: Current with no Late's
    BK: 9/2009 discharged
    tax liens: none
    Gross rev.(1 year): 1.512MM
    Avg Monthly Rev.: 126K

    If anyone can help me out on this one it would be much appreciated. Please give me a ring at the numbers below

    Eric S.
    LC Funding
    (949) 272-0160

  2. #2
    Senior Member Reputation points: 4567 NickHubbard's Avatar
    Join Date
    Jun 2015
    Location
    Saint Louis, Mo
    Posts
    325

    Try Dan Page
    Nick Hubbard
    Senior Loan Advisor
    314-252-0299 - Office
    314-885-2262 - Direct
    nick@elitefactoring.com
    www.elitefactoring.com

  3. #3
    Senior Member Reputation points: 3217 CO1's Avatar
    Join Date
    Apr 2013
    Location
    New York
    Posts
    644

    Term Loan Needed - Retail Flooring (DIRECT LENDERS ONLY)

    Funding Circle?

  4. #4
    Member Reputation points: 10
    Join Date
    Dec 2015
    Location
    Costa Mesa, California
    Posts
    16

    FC Declined because of their EBTIDA rule. The guy is growing like crazy.

  5. #5
    Senior Member Reputation points: 1422
    Join Date
    Dec 2013
    Location
    Connecticut
    Posts
    332

    Lift Forward, Credibly possibly for there BXL program

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