Results 1 to 6 of 6
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06-01-2017, 02:53 PM #1
- Join Date
- Jan 2017
- Posts
- 116
Bad Credit Term Lender? 500-600? (merchants makes 1M+ year, 100k+ deposits per month)
Bad credit term lender anyone?
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06-01-2017, 03:03 PM #2
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 3,000
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
Office: 727-233-1111
Skype: fc-financial
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06-01-2017, 03:37 PM #3
Very unlikely.
Get the client a short term "bridge loan" with a good prepayment addendum and roll him into an aggressive credit repair program right after he funds. Some of that loan can assist in paying down personal credit card utilization while any derogatories are being simultaneously lifted, but then obviously every credit situation is different.
In a few months if he's up in the mid 600s, you'll have many more options.
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06-01-2017, 05:11 PM #4
- Join Date
- Apr 2014
- Posts
- 781
Term loans are 620 plus credit and must be profitable...
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06-01-2017, 05:51 PM #5
- Join Date
- Jan 2017
- Posts
- 116
Nope, no credit card processing.
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06-01-2017, 05:52 PM #6
- Join Date
- Jan 2017
- Posts
- 116
Cambridge: yeap, exactly the route I went down in my last convo with merchant.... going private money bridge loan based off of ARs which are strong.. while credit repairing...
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