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05-03-2021, 05:29 PM #1
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Seeking Term Loan or Line of Credit
I have a client (a restaurant) that has been for over 5 years. Revenue was over 1.2M* a year. She has a 720 fico score and is looking for a term loan or Line of Credit for around $150K.
Any Lender?
Thank you.
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05-03-2021, 05:34 PM #2
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I just sent you a reference!
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05-03-2021, 05:54 PM #3
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Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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05-04-2021, 11:32 AM #4
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Partner program
Hi Micah, Thank you for sending me the reference. Does abfunders have the partner program?
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05-04-2021, 11:41 AM #5
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Hi Dave, Thank you so for a prompt response. A client does not want SBA; she needs a simple loan process. Do you know any private lenders such as Funding Circle?
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05-04-2021, 11:41 AM #6
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05-04-2021, 11:44 AM #7
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Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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05-05-2021, 07:20 PM #8
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doesn't get any simpler than a SBA EIDL loan. money will be in her account in 3-4 days for the 150k she needs.
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05-05-2021, 10:47 PM #9
Reputation points: 5633
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I have no experience with the EIDL, but constantly hearing merchants talk about how they qualified for an increase on the EIDL under the new 500k maximum guidelines. Is the SBA throwing money around willy nilly on that or just mismanaged expectations by whomever they are dealing with?
Is that process also moving quickly on the increase EIDL?
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05-06-2021, 04:25 PM #10
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- Dec 2019
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We offer up to 15 months on A paper MCA submissions and 24 months on Term Loan submissions. Feel free to reach out for additional information.
Benjamin Lugassy
SOS Capital
blugassy@soscapital.com
P:212-235-5462
F:212-235-5459
www.soscapital.com
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05-06-2021, 07:34 PM #11
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05-06-2021, 10:52 PM #12
Reputation points: 81657
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For 1st time people applying for EIDL - the process is not that quick.
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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05-07-2021, 02:41 PM #13
Reputation points: 203054
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