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03-13-2016, 08:14 AM #1Senior Member
Reputation points: 4567
- Join Date
- Jun 2015
- Location
- Saint Louis, Mo
- Posts
- 331
$3M-$5M Line of Credit Needed for Auto Finance Company
Hey All
I have a client that's looking for a $3M to $5M line of credit for working capital. They need it because their monthly sales are growing substantially and they need to pay for newly originated contacts more rapidly than they can draw under their structure finance deal with a hedge fund. The company numbers are below:
-$12M in assets
-$596K in average monthly revenue
-$101K in average monthly credit card sales
-$1.1M average daily bank balance
Are their any Direct Lenders who can get this done and quickly? Please comment below or PM me. No Brokers!Last edited by NickHubbard; 03-13-2016 at 09:18 AM.
Nick Hubbard
Senior Loan Advisor
314-252-0299 - Office
314-885-2262 - Direct
nick@elitefactoring.com
www.elitefactoring.com
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