Home: Message List - Business growth loan

Re: Business growth loan

heretohelp — Fri, 06 Jun 2008 14:18:12 GMT

Hi,

Please contact me at 781-341-0700. I can definitely discuss with you how you can meet your capital needs.

Best,
Tiffany

Re: Business growth loan

Bridge — Tue, 03 Jun 2008 16:51:16 GMT

Depending on the size of your company, we work with numerous Private Equity Groups in helping them identify investment candidates.

Several of the groups pay all of our fees as they are looking for proprietary deal flow.

A private equity investement may be an option for your company. Most PE groups look for growing, well run companies where management is looking to stay on board and help grow the comapny. They provide liquidty and access to capital for owners.

Please contact me if you woudl like to discuss further.

Greg Dupuis
Bridge Ventures, LLC
813-343-2214
gdupuis@bridgeventuresllc.com
www.bridgeventuresllc.com Report as inappropriate

Re: Business growth loan

designer — Fri, 11 Apr 2008 18:37:05 GMT

Hello. I can add that a bank will want to know what you have as "collateral". The more you have in assets, property, value...the lower the risk to the bank and then easier to obtain credit risk approval. Every loan is written in great detail with the shareholders in mind and how the loan or business will benefit a community. That's how the business plan and projection come into play and it all pulls together as a "package". You have to have history, real-time and a future.

Re: Business growth loan

MaxAdvance — Fri, 11 Apr 2008 18:23:49 GMT

Hello,

My name is Solly and i am a financial consultant at a company called MaxAdvance in New York city. We are currently helping several small businesses with our cash advance program. What we do is offer unsecured loans to be used for whatever you desire without collecting a collateral. We won't take compounding intrest, just one set factored rate wich means you can take as long as you need to pay it back without any penalties. CREDIT IS NOT AN ISSUE WITH US. All you need is a credit card terminal. Please feel free to contact me at any time at 1-866-629-4464 Ext:238.

Take care and good luck,

Solly Mizrahi
MaxAdvance
smizrahi@maxadvance.com

Re: Business growth loan

FactorGirl — Wed, 27 Feb 2008 21:59:39 GMT

Hi,

I will be happy to answer your questions on factoring via email or a phone call. Please check out my profile.

A few words about me and my business:

If your business needs money to grow or is currently experiencing cash flow difficulties, we can provide immediate cash. To qualify, all you need to do is sell products or services to creditworthy companies or the government. You can use your accounts receivable invoices, money that you're waiting 30-90 days to receive from your customers, to receive cash immediately. And we come through even when the banks say "no". All this without upfront costs and long-term contracts. We also love to work with start-up businesses! If your business could profit through immediate funding, call now: (407) 366-8676 and ask for Portia, or email me at portia@paragonfinancial.net

Re: Business growth loan

businessplan — Thu, 03 Jan 2008 20:28:29 GMT

Hello,
A solid Business Plan is the key to sucess.
If you need help,check our company.
www.nextiq.com
Thanks
Mat

Re: Business growth loan

Mark SLF — Thu, 03 Jan 2008 19:22:27 GMT

WOW! That is a lot of customers. If you don't mind me asking what type of business are you in? Credit checks may only be run on your largest customers or customers of yours that are typically paying greater than 60 Days. It is very doubtful that a factoring company will apply credit checks to every one of your customers. They may not do any credit checks if you accept recourse (if your customer does not pay you are held responsible). I find every situation runs a little different. It would be best to submitt your information to a factor and receive a no obligation quotation. That way you know what your exactly what you options are with no obligations. If you click on my profile and give me a call I would be very happy to help you.

Re: Business growth loan

justice1 — Thu, 03 Jan 2008 18:23:58 GMT

Hey Mark SLF, thanks so much for the info. I've been checking our your web paige and it is exactly what we are going through. My question on factoring however, we have over 100 customers that we invoice each month. We have over 1,000, but either they are cash or only purchase once or twice throughout the year. So, how would credit checking for our customers work? We collect an average of 90% of our recievables, but it still usually takes 30-90 days to get paid. We have to buy our inventory cash up front, so with growth it really hits our cash flow. We have had so much growth in 06 and expecting double in 07, and now I'm am finding ourselves in that situation where we are having trouble keeping up with the bills and our company has always had a great reputation for paying our suppliers, so I'm worried about that. We are a family business, so payroll is easier but we still have to pay personal bills as well. I just don't know which route to take. My dad started this business in 1980, and it's always been tough to grow, but we have never had growth like this and we always had my brother in law's trust fund to bank roll us, but he left the business at the beginning of the year to do other things, and so we have been spinning around and around like crazy and I can see we have to act soon. I'm just trying to make the smartest decision.

Re: Business growth loan

Mark SLF — Thu, 03 Jan 2008 15:07:33 GMT

I know of two products available. One is true factoring and one is a hybrid between factoring and a line of credit. Both products represent the sale of a companies invoices, however the line of credit is more of an interest bearing product usually 2 to 3% above prime and can be seemless to a companies customers.

Re: Business growth loan

Mark SLF — Thu, 03 Jan 2008 15:04:59 GMT

Justice 1. I would love to help you out. There are pros and cons to factoring invoices and it is very good that you are leary. There are a lot of factoring companies that can hit you with a lot of hidden costs. Factoring invoices is becoming more and more popular, especially for companies that are trying to grow. I have an example of factoring at the bottom of my home page you can take a look at (http://www.spotlightfinancial.biz/)
Factoring is not a loan. You are selling your invoices at a discounted rate to a lender (factorer). This is why it is not your current credit situation that is important but rather the credit worthiness of your customers that are important. Used correctly, under the right contract with a factorer, you can choose freely what customers and or what invoices to factor. I would be leary of a company that wants you to factor all of your invoices. This solution will not provide you with flexibility and will end up costing you more. The draw back for factoring can be cost or some customers may not like being contacted by another company to collect for your invoices. Usually companies will inform their customers that they have outsourced their accounts receivable. If you have one person or more dedicated to accounts receviable you may be able to have that person combine jobs because instead of collecting they are simply faxing a copy of the invoice to a factorer. A factorer will can provide credit checks on new customers and may take on the risk of a customer not paying at all.
There is also some information that can be found at http://slfsmallbusinessloans.blogspot.com/.

Hope this helps!