Is there anyone besides ondeck that offers lines of credit?
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Is there anyone besides ondeck that offers lines of credit?
If you're talking sub-prime, then Bluevine and Rapid
If you're talking prime, then you need banks, and you need help, no worthwhile doing it yourself unless it's your ONLY product.
And just like an MCA is not a loan, but functions as a term loan, factoring while not a LOC, can function as one. I wrote up a little bit about it here: https://www.abfunders.com/business-l...ine-of-credit/
ARF Financial,
Rapid goes up to 55K, 550 credit and pays 4% on each draw.Quote:
Originally Posted by Fundthis!
greenwich capital
Yes, we work with many other LOC lenders besides On Deck. Give us a call today (646) 937-5522
https://upwisecapital.com/business-line-of-credit/
Hey fundthis!Quote:
Originally Posted by Fundthis!
We have unsecured bank lines of credit available.
*4-7%APR
*Revolving
*Interest Only Payments
*up to 250K per line
Please reach out however you please to get signed up and discuss more.
Greg Derwin
Financial Lynx
347 430 8294
greg@financiallynx.com
https://www.financiallynx.com/
Greg:
You might want to add this to your post.
https://debanked.com/2021/12/how-a-f...ker-servicing/
And you might mention about the 3rd party fee agreement.
If you want to attract broker clients, show how your fees and commissions compare to the other guys. Give someone a reason to use your company. Term and conditions don't mean anything. That doesn't sell what you can offer. How can you help a broker make more money than the other guys.
Thanks Steve. Any potential partner that calls learns everything they need to know, I tell them all the same thing.Quote:
Originally Posted by Olderguy
Send it over! iso@capital-infusion.com, cc: josh@capital-infusion.com
We do not do traditional lines of credit, however we do have a hybrid line of credit program where we will approve a merchant up to a max amount and he/she can take as much as they’d like and leave the rest in reserves.
We have no bank charter so have the freedom and flexibility to do logic-based underwriting. Call me directly and let me know what you need to get it done. We like to get funky 305-306-3060
- A-/C+ paper (no high risk)
- 1-4 positions
- Monthly/weekly remittance
- Max Approval: $500k
- Max Term: 15 months
- Max Upsell: 13 pts
Send all deals to iso@capital-infusion.com, cc: josh@capital-infusion.com
Josh Waxman
VP Sales & Business Development
E: josh@capital-infusion.com
P: 305-306-3060