My company does about $3 million in revenue a year. I would like to get a loan for marketing expenses ($500k-$1m for 3-6 months). From what I've seen, it seems most credit lines are only up to $100k, but I'm entering an area here that I'm unfamiliar with. and could really use some advice. I'll be wanting to talk with someone who understands this :) Thanks!
Interesting answers all around. I'm surprised at Jeremy's a bit.. $500k LOC for just showing up with a good credit score? Not where I'm from..
Some questions though, how profitable are you? What kind of product/service are we talking here? Is the business scaling or positioned to scale?
My bailiwick is in go public transactions, ipos, and congruent equity financings, and typically this can be a good entry point in my network for a business such as yours if it can be reasonably demonstrated that the investment can fuel the continued growth of the company it ways it has already established.
The benefits are the potential of a liquidity event for existing shareholders as well as follow on rounds of financing for continued growth if you are partnered with a good group or two going forward.
Happy to discuss these kinds of ideas in more detail if you would like to connect with me.
Regards,
Chad
Answered 9 years ago
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