ForumsFinancing Tips

Up to All Forums

This Question is Possibly Answered

1 "correct" answer available (5 pts) 3 "helpful" answers available (4 pts)
Post a new topic
5 Replies Last post: Dec 30, 2008 2:48 PM by loan guy

Need Line of Credit and Working Capital - Any Advice?

Dec 23, 2008 3:04 PM

Click to view Desi53's profile Professional Desi53 2 posts since
Dec 23, 2008

I have a small government consulting and project management firm that is helping to re-engineer the business practices of a major federal agency. Thus far I have been a team of one and have been asked to hire in an additional 8-10 associates. Given the skill sets and the expected compensation packages that are required in N. Va., I do not have the necessary capital to pay the salaries, benefits and overhead to carry the additional personnel. I am told by a couple of local banks that SBA loans packages are taking many months to complete - up to four - due to the difficulty in finding investors. I need a line of credit (revolving?) and working capital - any advice on where to turn? I need to have something in place in 2-3 weeks.

Help!!

PS: I thought I posted this question earlier in the day but did not see it. Please forgive me if I am posting it twice.
Tags: cash, flow, alternate_financing_options, business_credit, small_business_loan Report as inappropriate
Click to view Maddeb's profile Mogul Maddeb 36 posts since
Dec 17, 2008
1. Re: Need Line of Credit and Working Capital - Any Advice? Dec 23, 2008 10:12 PM
Is your personal credit good or bad?
how long have you been in business?

i hope someone will respond to your question soon, because I am looking to grow my business based on opportunity that will result in a number of new jobs. i dont have the answer for you, but the questions above is likely to be asked by someone who will give you good advice.

Just beware of individuals that claim to be investors. research them thouraly before commiting to their service. Also, browse through these posts if you have the time. it is likely this question has already been asked, and answered. This is a great community with valuable contributors, but there are scammers too.
Report as inappropriate
Click to view loan guy's profile Mogul loan guy 116 posts since
Dec 20, 2007
2. Re: Need Line of Credit and Working Capital - Any Advice? Dec 24, 2008 11:16 AM
PRC works directly with the funding source that
manages a Private Investor Fund that provides funding for Businesses
and Real Estate Investors. Who
are not a bank and do not base funding decisions on credit scores.

cory@walkerlender.com
Report as inappropriate
Click to view Desi53's profile Professional Desi53 2 posts since
Dec 23, 2008
3. Re: Need Line of Credit and Working Capital - Any Advice? Dec 30, 2008 2:26 PM
in response to: loan guy
Cory

Can you provide more details on the types of funding PRC facilitates?

Thanks

Gary
Report as inappropriate
Click to view loan guy's profile Mogul loan guy 116 posts since
Dec 20, 2007
4. Re: Need Line of Credit and Working Capital - Any Advice? Dec 30, 2008 2:48 PM
in response to: Desi53

Gary,

Here are a few:

Down Payment Assistance Program: Great for business start-ups applying for SBA Loans or other sources of Institutional Funding. (One of our most popular funding options!).
- Subordinated Capital: Funding that can be used in combination with Institutional Funding to help your business increase its borrowing capability.
- Senior Capital: We provide 100% of your funding request.
- Intercreditor Relationships: We provide funding in addition to your current funding relationship with your lender.
- Joint Venture and Partnership Funding Opportunities with investors: Ideal for Business Operators who need a strategic financial partner.
- Real Estate Investor Funding: Perfect for rehab. projects and developers. We provide timely closings and flexible loan terms.

Working Capital and Business Lines of credit:
  • Buy new inventory.
  • Buy better equipment.
  • Buy advertising and Increase your sales.
  • Expand your business.
  • Keep your business on its feet

please contact me for more details.
cory@walkerlender.com

Report as inappropriate
Click to view loan guy's profile Mogul loan guy 116 posts since
Dec 20, 2007
5. Re: Need Line of Credit and Working Capital - Any Advice? Dec 30, 2008 2:48 PM
Gary,

I tried to respond with programs but it was filtered and did not post.

Can you email me your contact information.

cory@walkerlender.com

Report as inappropriate

More Like This

Most Recent Forum Posts

Email Marketing campaign question for Home Business
9 minutes ago

INDIAN MFG. OF BELLY DANCE COSTUMES LOOKING FOR AGENT IN US
1 hour ago

Need SEO Help
1 hour ago

STOP! WHAT IS IT? NEED TO KNOW BASIS
8 hours ago

Legend

  • Open Question
  • Answered Question
  • New content since your last visit
  • Updated content since your last visit
  • Content you have read