[NickHubbard]

Hey Guys,

I have a Home Healthcare company that's been in business for 5.5yrs. Average Monthly is $160K. No current or outstanding loans. Thing is, this company is owned by 2 other companies 50/50. Said they can have someone sign the application as Board member, but neither are looking to PG the loan. Are there any direct lenders that will consider this file?

[dpFund]

Nick,

We can fund complicated deals like this where there are multiple companies (in the process of funding one right now for $1MM with three companies and different owners). But quite frankly it is not worth the brain damage on anyone's part unless the funding amount is high enough. But no PG is typically (but not always) a deal killer. I say "typically" since I'm getting ready to fund one right now without a PG wherein the company assets are extremely strong but the owner's assets are extremely weak, so the PG did not add anything. In general though, if the client is not confident enough in their business to sign a PG my knee-jerk response is to wonder why I would want to invest my money with him.

Best,

Dan Page
Direct: (303) 938-8280
dan@fundingstrategypartners.com

[NickHubbard]

Nick,

We can fund complicated deals like this where there are multiple companies (in the process of funding one right now for $1MM with three companies and different owners). But quite frankly it is not worth the brain damage on anyone's part unless the funding amount is high enough. But no PG is typically (but not always) a deal killer. I say "typically" since I'm getting ready to fund one right now without a PG wherein the company assets are extremely strong but the owner's assets are extremely weak, so the PG did not add anything. In general though, if the client is not confident enough in their business to sign a PG my knee-jerk response is to wonder why I would want to invest my money with him.

Best,

Dan Page
Direct: (303) 938-8280
dan@fundingstrategypartners.com

Dan,

Agreed.