RE: Low Doc
Inbox
| Zoller, Jeb <jeb.zoller@dav-fd.com> | Aug 19, 2016, 11:38 AM |  | |
| to me |
What they are saying is below 50k is min doc. We could do 40 -45 and be in same category. Oct start does not matter as does not have a history.
Jeb
| Jeb S. Zoller , CFP® jeb.zoller@dav-fd.com Certified Financial Planner™ and Partner 803-741-0134 (Office) DaVinci Financial Designs LLC 803-530-9112 (Mobile) 3200 Devine Street, Suite 200 803-741-0273 (Fax) Columbia, SC 29205 Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, Certified Financial Planner™ and federally registered CFP (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.Securities offered through LPL Financial, member FINRA/SIPC. Investment advice offered through DaVinci Financial Designs LLC., a registered investment advisor and a separate entity from LPL Financial.Trading instructions sent via email, fax, or voicemail will not be honored. There is no assurance that these messages can be retrieved on a timely basis, nor is there any sure method of confirming the customer identity. The information contained in this message is being transmitted to and is intended for the use of only the individual(s) to whom it is addressed. If the reader of this message is not the intended recipient, you are hereby advised that any dissemination, distribution, or copying of this message is strictly prohibited. If you have received this message in error, please immediately delete. “Please do not send any personal or sensitive information by e-mail to protect your identity!” |
From: Matt Warren [mailto:matthewtwarren3@gmail.com]
Sent: Thursday, August 18, 2016 3:57 PM
To: Zoller, Jeb <jeb.zoller@dav-fd.com>
Subject: Re: Low Doc
What about less than $50,000? What if we told them we have been in business since October?
Matt Warren
Solar Power Provider
On Aug 18, 2016, at 2:51 PM, Zoller, Jeb <jeb.zoller@dav-fd.com> wrote:
See comment below. thoughts?
Still waiting on other bank source to get back to me.
| Jeb S. Zoller , CFP® jeb.zoller@dav-fd.com Certified Financial Planner™ and Partner 803-741-0134 (Office) DaVinci Financial Designs LLC 803-530-9112 (Mobile) 3200 Devine Street, Suite 200 803-741-0273 (Fax) Columbia, SC 29205 <image001.jpg>www.davincifinancialdesigns.comwww.lpl.com |
| Zoller, Jeb <jeb.zoller@dav-fd.com> | Aug 19, 2016, 11:50 AM | | |
| to me |
Matt,
List you sent me has 12k on it already., Say 18-25 k for Admin and then another 20k to be a “draw” for new Sales Rep. that is what I am thinking
First Community. I have already spoke to Drew Painter – VP and not a lot of great options. But obviously Mike would have a little more pull – but hands could be tied as well. Not a leverage typically.
If we do the LOC with NBSC – they would want your business account with them. But personal could be somewhere else – which I would still recommend First Community
Patricia Junqueira pjunqueira@FirstCommunitySC.com is the POC for Banking to get you setup with accounts.
| Jeb S. Zoller , CFP® jeb.zoller@dav-fd.com Certified Financial Planner™ and Partner 803-741-0134 (Office) DaVinci Financial Designs LLC 803-530-9112 (Mobile) 3200 Devine Street, Suite 200 803-741-0273 (Fax) Columbia, SC 29205 |
RE: Loan Doc
Inbox
| Zoller, Jeb <jeb.zoller@dav-fd.com> | Aug 19, 2016, 11:58 AM | | |
| to me |
Why don’t you see what the options are with Mike and then if we do not like or wont work – pursue NBSC for LOC
| Jeb S. Zoller , CFP® jeb.zoller@dav-fd.com Certified Financial Planner™ and Partner 803-741-0134 (Office) DaVinci Financial Designs LLC 803-530-9112 (Mobile) 3200 Devine Street, Suite 200 803-741-0273 (Fax) Columbia, SC 29205 |
From: Matt Warren [mailto:matthewtwarren3@gmail.com]
Sent: Thursday, August 18, 2016 5:41 PM
To: Zoller, Jeb <jeb.zoller@dav-fd.com>
Subject: Re: Low Doc
Well, I’m thinking a 25,000-$50,000 line of credit – At least to help me bridge the gap for now. Where he said “years in business”….would 10 months fly?
If you are calling on First Community bank, I know Mike Crapps and his son Manning. Doubt it would help, but we would be interested in moving ALL of our banking accounts to them. Maybe we could use that as leverage.?
Matt Warren
Solar Power Provider
RE: Loan Docs
Inbox
| Zoller, Jeb <jeb.zoller@dav-fd.com> | Thu, Aug 18, 2016, 5:30 PM | | |
| to me |
But you need 50k for the consolidation and then draws or admin assistance, right?
| Jeb S. Zoller , CFP® jeb.zoller@dav-fd.com Certified Financial Planner™ and Partner 803-741-0134 (Office) DaVinci Financial Designs LLC 803-530-9112 (Mobile) 3200 Devine Street, Suite 200 803-741-0273 (Fax) Columbia, SC 29205 |
From: Matt Warren [mailto:matthewtwarren3@gmail.com]
Sent: Thursday, August 18, 2016 3:57 PM
To: Zoller, Jeb <jeb.zoller@dav-fd.com>
Subject: Re: Loan Doc
What about less than $50,000? What if we told them we have been in business since October?
Matt Warren
Solar Power Provider
On Aug 18, 2016, at 2:51 PM, Zoller, Jeb <jeb.zoller@dav-fd.com> wrote:
See comment below. thoughts?
Still waiting on other bank source to get back to me.
| Jeb S. Zoller , CFP® jeb.zoller@dav-fd.com Certified Financial Planner™ and Partner 803-741-0134 (Office) DaVinci Financial Designs LLC 803-530-9112 (Mobile) 3200 Devine Street, Suite 200 803-741-0273 (Fax) Columbia, SC 29205 <image001.jpg>www.davincifinancialdesigns.comwww.lpl.com |
From: King,Fitz [mailto:FITZKING@banknbsc.com]
Sent: Thursday, August 18, 2016 2:47 PM
To: Zoller, Jeb <jeb.zoller@dav-fd.com>
Subject: Loan Doc
>$50,000 for commercial loan
Required documentation from the borrower will consist of only basic identification information such as name, address, phone number, Tax I.D., gross annual revenues/sales, business type, and number of years in business. The Bank will not obtain financial data, such as personal or business tax returns or personal financial statements.
Maybe the wedding planning business should be the borrower for the short term?
F
J. Fitzhugh “Fitz” King
Senior Vice President
Financial Consultant
NBSC, a Div. of Synovus Bank & Synovus Securities, Inc.
1221 Main Street
1st Floor Private Bank
Columbia, SC 29201
Direct 803-929-2027
Fax 803-929-2159
NMLS#664134