Which A Paper funder's are still funding?
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Which A Paper funder's are still funding?
Accord
SBA 7(a) Loans - 10 year term for working capital @ 6% (Estimated)Quote:
Originally Posted by Quickbizpartner
We never stopped funding. Credit Card Split deals only, merchants cant be down more than 30% of pre Coronavirus processing volume.
Upwards of $50Mil in factoring and ABL facilities on my desk. Some proposals are already out and some are in underwriting.
IOU, Breakout, TVT
TVT is far from A paper.Quote:
Originally Posted by SFllc
TVT is offering buy rates as low as 1.18 over 9 months.Quote:
Originally Posted by mrmrg
Wow! That's expensive money!Quote:
Originally Posted by SFllc
Not if they don't have AR or collateral!Quote:
Originally Posted by Kevin Henry-Seacoast
I'll play devils advocate - how can a MCA Contract that is a purchase of future receivables have a fixed term of 9 months?Quote:
Originally Posted by SFllc
Figured I instigate a conversation:)
Yankeemann07 you are correct. I have three words for you: class action suitQuote:
Originally Posted by Yankeeman07
Your type of funding is a Loan?Quote:
Originally Posted by KanjorskiPartners
Seacoast. Seem you have all the answers. i'm not well seasoned in the Loan area, i am still learning. Please tell me what can you offer a sales broker like me. I am very interested. please no pm yet. I will come on board with you if you are a direct lender and are funding.Quote:
Originally Posted by Kevin Henry-Seacoast
again i don't have the experience in this industry of loans like some of you do and just trying everything i an to stay ahead.
Send me an email with full contact details and I will be happy to send over some info about us.Quote:
Originally Posted by inacio
Thanks @showtime73. @quickbizpartner, feel free to reach out and I'll send over our current guidelines.Quote:
Originally Posted by showtime73
I consider you A Paper .Quote:
Originally Posted by Accord Business Funding
We are still funding and have not ceased to fund despite the pandemic.