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Funding Circle - still taking deals from Brokers Up to 500K
Dealstruck - Still taking deals from Brokers up to 350
Street Shares - up to 100k
Bluevine - up to 50k
Fundation - Cancelling brokers
Able - Cancelled all Brokers
Kabbage - Cancelled all Brokers
who am I missing?
While I don't have the big name that some of these guys do, certainly add Funding Strategy Partners to the mix:
Funding Strategy Partners: Will always take deals from brokers. Minimum funding: $100k, Max Funding: $2MM
Best,
Dan Page
dan@fundingstrategypartners.com
Direct: (303) 938-8280
QuarterSpot - deals up to $150k and 18th months. No PG. No UCC. No prepayment penalty. https://www.quarterspot.com/partner-registrationQuote:
Originally Posted by michaelh
What's that about Fundnation? Just got an email from them last week about the newly launched partner portal.
I feel like all we're going to hear is crickets now that Dan has chimed in... It's a pretty vacant space, much to the dismay of many direct advance funders such as ourselves looking for homes for traditional deals.
We deploy our own Capital on deals that we feel need a bridge to longer term credit facilities. If a client has been a decline from any of the folks mentioned above and needs a home while they are preparing to be re-submitted what we offer might be ideal:
Program guideline- 14 monthly payments
Consolidations are welcome without any cash out percentage needed
Prefer to deal with firms that have assets on the balance sheet
There needs to be a projected profit in Debt service coverage with new facility
If there is FICO damage to the guarantor, it must something that will ultimately allow them to be placed to a longer term facility in near future
No Judgments or Tax liens (unless in a documented payment plan)
We must be senior debt
Again: this is a Bridge... Not a 3-10 year facility
Business Capital Consultants
775 Park Avenue Suite 255
Huntington, NY 11743
Direct 516 510 3855
www.businesscapitalconsultants.com
When did Able cancel brokers ?
LoanMe is here. Unsecured loans up to $75k.
from what i hear :) some of the High Risk shops are at the drawing board to perhaps enter the A paper space...
WBL can structure multi-year transactions. Plus, we are much less strict on financials than our competitors -- most deals don't even require P&L or Balance Sheet.