Our Client needs a fast $250k loan for his recently purchased and already producing NM oil business.
He’s got 2 purchase contracts in place (Phillips 66 and Navajo Oil) and he’s delivering and billing around $50k to $60K monthly already. After this first loan he’ll require an additional $1.25 million to expand.
Credit not so hot: mid 600s.
He’s OK with higher than normal rates.
In addition to the Oil Contracts in place some real estate could be used as collateral. Or a Sale Leaseback program to lend on the assets of the working oil wells? Or a loan on mineral rights? We could also use all the assets of the Oil Company as collateral to finance my client.
Please, if interested and able to fund contact me ASAP.
Francisco De La Chesnaye
Direct: 702 605 0220