Hi Everyone,
Looking for a HNW individual or private lender who provide a $150-300k revolving line of credit quickly (2-3 weeks) to bridge payroll for 2-3 months. This is for a company I advise and do not own.
Co is a startup and has only been operational since June, yet has already booked $400k+ / month in revenue. Unfortunately, the company sustained a $500k loss after a 1099 contractor stole their inventory (20 truck loads of crude oil).
Business is in oil field services. They recover waste oil in frack pits, process and clean it, and return it to pipeline grade oil. They then sell the crude oil to the top buyers in this market. They have solid terms with several buyers who pay the same week, and other buyers who pay net 50 days (which is industry standard).
We are looking for something creative and could give up warrants and/ or profit share to the right investor.
DM me if it's worth a conversation. Looking to close on something in the next 2-3 weeks.
Needing $150-300k Line of Credit for Startup with $400k in MRR
by an investor from Indiana University at Bloomington
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