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09-16-2020, 06:18 PM #1Member
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High Volume Client looking to replace High Interest Business Loan
I have a client that owns a well-established, 64 year old national company with blue chip clients. Last year, he was in a cash crunch, like many other businesses and to help his cash flow, I got him a business loan of $500,000 with an interest rate of 11.00%. This year, his company has recovered and from January through August, has averaged a monthly sales volume of $893,000. He would like to refinance the current high-interest rate loan ASAP! His FICO is 792. If you have the resources to provide a business loan below 8.00%, please contact me. Because of the loss showing for 2019 on his tax return, he is not eligible for any SBA products.
Tom Harrier
Integrity Commercial Loans, LLC
broker@tomharrier.net
407-928-8542Last edited by MissouriBroker1; 09-16-2020 at 06:33 PM.
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