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  1. #1
    Senior Member Reputation points: 71496 Olderguy's Avatar
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    Quote Originally Posted by goatFunding View Post
    If a merchant got 500K originally and now wants to get the additional 1.5M how hard is it?
    What does he need to do exactly? anything to look out for?
    If they have business real estate, they will lien the property for loans over $500,000 The loan amount guidelines are 2019 tax return revenue minus COGS X 2 minus the EIDL loan advance. Fico goes from 570 to 625 for loans over $500,000.
    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.

  2. #2
    Banned Reputation points: 179851
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    Quote Originally Posted by Olderguy View Post
    If they have business real estate, they will lien the property for loans over $500,000 The loan amount guidelines are 2019 tax return revenue minus COGS X 2 minus the EIDL loan advance. Fico goes from 570 to 625 for loans over $500,000.
    I dont trust people with 2 first names.

    And, gmail addresses.

  3. #3
    Senior Member Reputation points: 71496 Olderguy's Avatar
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    Quote Originally Posted by ryan $ View Post
    I dont trust people with 2 first names.

    And, gmail addresses.
    Actually I have three first names.

    And you trust MCA lenders?.....hahahahaha...

    ....and having several email addresses through gmail has it's advantages with merging contacts, spreadsheets, etc.

    Lastly I don't really need your trust do I?
    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.

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