Needing $150-300k Line of Credit for Startup with $400k in MRR

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September 04, 2024

by an investor from Indiana University at Bloomington in Austin, TX, USA

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.

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Reply by a professional
from Mississippi State University in Austin, TX, USA
We should be able to help here. Could you have them submit via the portal on our site? Then they'll start getting matched with providers for free https://withsenzu.com/capital-solutions/
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Reply by a professional
from The University of Texas at Austin in Dallas, TX, USA
We can fund in 2 weeks through a new york family office. Please reach out to me here - redacted
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