Who can do a 1st position 300-500k deal. 720+ credit 500k average monthly deposits.
A paper lenders please
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Who can do a 1st position 300-500k deal. 720+ credit 500k average monthly deposits.
A paper lenders please
That sounds like something that can be done by my company if everything lines up. We do most types of paper from A down. We also work like a line of credit. scott@tmrnow,com 212-220-9872,
Smartbiz
$350,000 SBA 7A
10 year term loan
7%
700+ Fico
uncollateralized.
Fund iin 30 days
I assume they are showing a profit on two years tax returns (deducting depreciation and officer's salaries)...
Direct lender.
For A paper, this will need to be a full doc deal.
Please call me to discuss
If everything else lines up we can get it done.Quote:
Originally Posted by gnrcap
We have revamped our lending criteria for aggressive offers and maximum deal flow. We pride ourselves on being extremely creative and flexible.
Our funding Criteria:
- 5k minimum funding
- B, C, D paper
- Offers not based on credit score - low credit ok
- Response time (realistically) as low as 60 minutes
- 1st - 5th position - Up to 38% withhold of net deposits
- As low as 1.32 buy rates
- Terms up to 140 days (weekly's upon approval)
- Max Upsell to 15 points
- Early Payoff Discounts
- 15k a month average revenue
- Minimum of 5 deposits per month
- Minimal stips (VC & ID)
- Docusign Contracts
-Term Loans and LOC available for A & B paper
Michael Ross
Lendbug
New York, NY
Mross@lendbug.com
646-360-0411
almost every a paper depending on industry but i suggest itria
Do nothing with SmartBiz. They're not paying on renewals, and stealing deals. Or so I've heard, I try to broker my own SBA loans directly because I never trusted them.
I know a partner manager over there and reached out to her.Quote:
Originally Posted by abfunders
We can consider it if they have strong credit card processing volume
Your contact info?Quote:
Originally Posted by gnrcap