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iffizworld
73 Posts |
 Posted - 08/08/2008 : 12:56:26 PM
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Hello Outpost members!
I need help. I have a client that has a business worth about $220K currently generates $400K in sales annually. She's owned the business for 3 years. The client's credit is not that great but she does have business financials that satisfy the loan. Time-cap = 30 days. Can anyone recommend in lenders? Email me at: iffizworld@covad.net |
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mcmoney
313 Posts |
Posted - 08/08/2008 : 12:58:31 PM
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| Sounds like they need a receivables factoring loan or something to that affect.... |
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cspatmon
2149 Posts |
Posted - 08/08/2008 : 1:06:05 PM
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| We have a business loan dept. email me. |
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iffizworld
73 Posts |
Posted - 08/08/2008 : 1:20:44 PM
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Thank you to all of you that offered some advice. I really appreciate it.
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mantixmortgage
2717 Posts |
Posted - 08/08/2008 : 1:21:31 PM
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| amex business? |
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iffizworld
73 Posts |
Posted - 08/08/2008 : 1:27:14 PM
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| Personal Credit is not that great, I doubt amex would approve, but i'll give it a shot. Thanks! |
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jillstatz
657 Posts |
Posted - 08/08/2008 : 2:22:40 PM
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| what about an SBA loan for her?? |
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iffizworld
73 Posts |
Posted - 08/08/2008 : 2:27:17 PM
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| I thought about that one but i've personally never done a SBA loan before and I wouldn't feel comfortable starting now. I would appreciate any help you can offer me on SBA products. |
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aaron1976
631 Posts |
Posted - 08/08/2008 : 8:09:54 PM
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I believe GMC Mortgage Capital has a business cash advance program.
www.gmcmortgagecapital.com
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iffizworld
73 Posts |
Posted - 08/08/2008 : 9:43:47 PM
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| Thank you Aaron |
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