SBA TYPE LOAN - Needs 8 to 10 years - TRUCKING Biz
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  1. #1

    SBA TYPE LOAN - Needs 8 to 10 years - TRUCKING Biz

    WANTS: 750,000
    Monthly REVENUE - $500k

    PURPOSE - Pay Off Loans, MCA and Purchase Catering Equipment

    Biz Type - 98% Transportation and 2% Farming
    40 yrs in Business
    Brick and Mortar - NO Mortgage - Has HELOC

  2. #2
    Senior Member Reputation points: 7360
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    Aug 2015
    Location
    Boulder, CO
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    Hey lcorriette,

    Just for clarification...you say No Mortgage but has HELOC.

    If the HELOC is on their personal residence, do they own their commercial building?

    If so, I can likely hit those numbers with 8% -12% rates. Traditional mortgage with early pre-pay.

    Thanks,

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

  3. #3
    Senior Member Reputation points: 68233
    Join Date
    Dec 2014
    Location
    Quogue, NY
    Posts
    1,108

    Quote Originally Posted by lcorriette View Post
    WANTS: 750,000
    Monthly REVENUE - $500k

    PURPOSE - Pay Off Loans, MCA and Purchase Catering Equipment

    Biz Type - 98% Transportation and 2% Farming
    40 yrs in Business
    Brick and Mortar - NO Mortgage - Has HELOC

    Good Morning Icoriette,

    If the client has strong earnings, credit, and collateral, traditional commercial mortgage rates will be available to them (less than 6%)- with amortizations up to 25 years.

    If the client needs Capital ASAP while the process is ongoing, we can supply Bridge Funds to address that.

    Feel free to touch base to discuss documents required and realistic time frames to Fund.

    Richard 516 510 3855

    Business Capital Consultants
    775 Park Avenue Suite 255
    Huntington, NY 11743

    rg@businesscapitalconsultants.com

  4. #4
    Banned Reputation points: 4530
    Join Date
    Mar 2014
    Location
    Ann Arbor, Michigan
    Posts
    1,289

    It seems to me that you are looking for an installment loan that we can help with. However there may be other financial products that are better for them and you.
    Bob Shaw
    Rshaw@ironhorsecredit.com
    734-929-3800

  5. #5
    We may be able to help you contact us at https://www.fastcapital360.com
    Fast Capital 360 - Fast, Transparent & Fair Small Business Loans.

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