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  • Established SB seeks unique lender

    Incorporated under the same company name for 13 years.
    Strong success until economy tanked, but persevered.
    Cancer last year set me back and I'm almost on track again.
    Long sales cycle for my product but have rebuilt a good pipeline and have a project beginning August.
    Revenue for that project is $128,090/month for 12 months with 12% profit.
    Seek funding to bridge the gap until August, redesign website and update collateral.
    Difficulty is found in my credit score which dropped from high 600s to mid 500s after I got sick.
    And, my last 2 bank deposits of significance were $27,000 September 2016 and $12,000 February 2017.
    I get that revenue is paramount. But, performance was good previously and I've done the work so it will be again in the coming months.
    Seeking up to $25,000 with repayment complete in 90 days.

    Thank you.
    Last edited by Yellow Dog; 05-17-2017, 06:17 PM.

  • #2
    Established SB seeks unique lender

    Do you have signed contract on project

    Comment


    • #3
      I sent them the snap-in and it's in their legal department. Client is US Postal Service. I have done work for them previously.

      The snap-in contains costs, terms, scope of work, etc. It is a hybrid of invoice and insertion order. The client makes that part of their agreement that contains brand protection, indemnification, confidentiality, etc. They "snap in" my "Invoice & Authorization" to their contract.

      Many large organizations construct contracts that way. It was the same for previous customers AT&T and Sam's Club I recall.

      I used to send the long contract but many Fortune 500 companies, which is my customer based, would require their agreement. So, I just started sending the short version. Some clients just work from that and some snap it in to their agreement.

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      • #4
        This is a done deal. I've worked closely with them and they actually got approval for 5 years but we are doing the agreement 1 year initially.

        I understand a deal is typically not "done" until it's signed and I generally submit to that belief. But, this has already been approved. It's just a matter of the language. A lot of heavy lifting has been done on both sides and together between myself and up the entire chain of command.

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        • #5
          Might be a little late. But this company helped me. They have over 75 lenders that bid for your loan. And they accept all types of credit. They really have a deep portfolio of products. Here is their quick application. Hope this helps. NBC- https://bit.ly/2qOplkd -Ed

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          • #6
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