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12-27-2022, 04:38 PM #1
So how much are they seeking? And it sounds like a new concept related to the existing business? There isn't much information here for any direction. Seriously it's request for $50K minimum with a claimed ROI of 40% to 100% with nothing else to back it up. And typically I see people with companies who claim they want it on THEIR terms. Well lenders doesn't work that way. A lender looks at the situation and will determine what makes sense from a LENDERS point of view. Or if they know it all, then do a crowd fund.
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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12-27-2022, 04:42 PM #2
Reputation points: 12759
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- Apr 2020
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12-27-2022, 04:53 PM #3
You don't understand my point. Your general post doesn't mean anything. I'm trying to help as a person with more experience doing loans and investments. If my post doesn't matter to you that's fine...as there are other people on this forum who might benefit reading information from someone with more experience. And given the number of phone calls and emails I get from other brokers that ask me questions, that seems to be quite evident.
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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