Results 1 to 7 of 7
-
03-22-2023, 01:09 PM #1
- Join Date
- Jan 2023
- Posts
- 2
Client looking for $10M loan for a new business venture, what are his best options?
I have a client who owns multiple high 6 figure revenue producing businesses in the VR/AR gaming, and crypto mining field. His partners built him a 1Mil square foot facility (100 truck bays)he needs the money to put together a massive entertainment/ fun center in NJ. What are his best options as far as the right type of loan for him.
-
03-22-2023, 01:24 PM #2
Does he have 20% cash contribution? Does he own the building or leasing it from his partners? I have a lender that can do up to $15M like a SBA scenario, and another that can go higher but need more information. Pitch deck available?
Last edited by Olderguy; 03-22-2023 at 01:34 PM.
Steve Benjamin
Professional Business Loans
522 Contessa
Irvine, CA 92620
steveprobiz@gmail.com
https://probizloans.net/
Broker, Underwriter, general business loan expert
949.228.1050
@ 24 hour funding working capital loans
@ Term loans from 3 years to 10 years at 9.5% and up
@ Equipment financing up to 7 years
@ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
@ SBA loans - 7A and 504.
@ Private money equity and debt for major investments
@ Personal Loans up to gross income from personal tax return.
-
03-22-2023, 03:30 PM #3
- Join Date
- Jul 2014
- Location
- Jackson Hole Wy
- Posts
- 726
Looks interesting. Debt and equity options available
bzuniga@omegafund.com
-
03-24-2023, 11:59 AM #4
- Join Date
- Jan 2023
- Posts
- 12
If your client is interested in an 80% ltv loc, we can get him min $10M-$90M, with 5% i/o quarterly payments - up to ten(10) year terms.
Nknowvative@gmail.com
(209)881-4410
-
05-13-2023, 06:42 AM #5
- Join Date
- Mar 2021
- Posts
- 6
With such a massive project, a standard business loan might not cut it. Instead, they should consider a commercial real estate loan if they're buying or renovating a physical property or a large equipment loan if they're investing in high-tech machinery for that VR/AR gaming hub.
Also, they should look into SBA 7(a) loans. They offer generous amounts and terms, but approval can be tough. On the crypto side, some companies offer loans backed by crypto assets, which could be an option if they're holding a lot of it.
I recently penned an article about this on my blog. You might find some more insights if you go to this website. It's all about different types of business loans and how to navigate them.Last edited by Markt; 05-16-2023 at 11:06 AM.
-
05-17-2023, 01:47 AM #6
- Join Date
- Oct 2022
- Posts
- 280
I would look into potentially a traditional term loan because of the cross collateralization of ALL the entities. It is also more flexible with the use of proceeds.
-
05-17-2023, 10:39 AM #7
- Join Date
- Jun 2021
- Location
- miami
- Posts
- 436
Similar Threads
-
Client needing business or working capital loan
By MissouriBroker1 in forum Deal BinReplies: 2Last Post: 08-04-2022, 01:53 PM -
Looking for a Start-Up Business Loan Lender for client with strong credit profile
By emeraldmoneygroup in forum Deal BinReplies: 5Last Post: 08-31-2020, 02:12 AM -
Get Quick Business Funding For Your Venture | InstantCreditLoansUS
By avajames in forum Business LoansReplies: 0Last Post: 12-12-2018, 05:13 AM -
client needs business loan
By SRS in forum Deal BinReplies: 8Last Post: 03-08-2018, 06:45 PM -
Looking for a large business loan for my client
By Sab@MFP in forum Deal BinReplies: 4Last Post: 06-25-2015, 02:16 PM