Do you have clients in need of equipment financing, a start-up LOC, or MCA refi?
Need a Funder or Vendor? START HERE

Results 1 to 8 of 8
  1. #1
    Member Reputation points: 10
    Join Date
    Jan 2015
    Location
    Newport Beach
    Posts
    60

    Lightbulb Do you have clients in need of equipment financing, a start-up LOC, or MCA refi?

    We have just increased our capacity and are ready to fund more deals!

    For equipment deals all we require is: an application, 3 months of bank statements, and an equipment quote.
    • Good Brokers Do Not Push Merchants into MCA for Equipment Purchases.
    • Send METRIX your equipment financing deals and get paid up to 7 points per deal.

    For working capital and MCA refi we look for: average credit, 2 yrs + time in business, and anything that leads to growth in the business.

    Check out our new LOC product (as low as 0% intro rate) that is great for Borrowers with Good Credit.
    • For more information and application online here: http://metrixcapitalgroup.com/line-of-credit

    Get your clients the capital they deserve.

    Email me if you have any additional questions

    harrison@metcapgroup.com

  2. #2
    Senior Member Reputation points: 23702
    Join Date
    Jul 2014
    Posts
    1,746

    I'm sorry, but for your "0% LOC" you ask the applicant to run their own credit report on annualcreditreport.com and upload it to your site?

    Nothing says fraud louder.

    metrix.jpg

  3. #3
    Senior Member Reputation points: 5023
    Join Date
    Apr 2015
    Location
    Florida, First MCA sold in 85/ WS in 76. CFP/RIA, series 3,6,7,8,10,63,Ins218,220.
    Posts
    554

    If it's 0%, what is the closing cost?

  4. #4
    Member Reputation points: 10
    Join Date
    Jan 2015
    Location
    Newport Beach
    Posts
    60

    They can redact all of the personal information. (name, everything) We are just looking for looking for credit score and revolving balance/utilization.

    If the person was applying for any other type of financing, we pull our own credit report so we would have the information regardless. This allows the client to get pre-qualified without a hard credit inquiry.

  5. #5
    Member Reputation points: 10
    Join Date
    Jan 2015
    Location
    Newport Beach
    Posts
    60

    10% Success Fee Only Due after the Line has Been Established.

  6. #6
    Isn't that just Torro's B.L.O.C. product?

    http://dailyfunder.com/showthread.ph...ighlight=torro
    Last edited by rick_clsfunding; 10-14-2015 at 12:24 PM. Reason: added link

  7. #7
    Annualcreditreport.com doesn't give you your credit score on the free report.

    Also, it is more than likely that they would need to access the inquiry history as well as the date that each revolving account was established.

    Other pertinent info would also be whether or not each revolving account is an individual account, a joint account or an authorized user account.

    Anyone who has start-ups and wants advice on this type of funding can PM me and I can tell you all about it.

  8. #8
    Senior Member Reputation points: 752
    Join Date
    Apr 2014
    Location
    Chicago, IL
    Posts
    185

    Quote Originally Posted by rick_clsfunding View Post
    Isn't that just Torro's B.L.O.C. product?

    http://dailyfunder.com/showthread.ph...ighlight=torro
    Yep. Bingo! and it's not a BLOC. It's a business credit card. Just FYI...

Similar Threads

  1. Replies: 14
    Last Post: 05-04-2017, 09:51 AM
  2. Replies: 9
    Last Post: 01-19-2016, 09:20 PM
  3. Replies: 0
    Last Post: 08-04-2015, 02:38 PM
  4. Equipment, MCA Refi, or Start Up companies
    By Harrymetrix in forum Promotions
    Replies: 0
    Last Post: 07-27-2015, 01:01 PM
  5. Replies: 0
    Last Post: 04-04-2014, 05:34 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Lendica partners w/ EBizCharge
Pipe plans to fund $1B to SMBs
URBN partners with Stripe


DIRECTORY