Invoice factoring
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  1. #1

    Invoice factoring

    I have an engineering company that needs an invoice factoring loan. The invoice is $250,000 and is payable on June 25. Were looking for the maximum cash that we can pull out of this invoice.

    Credit is excellent borrower is flawless. PM me if your direct funder.

    Thanks Eric

  2. #2
    Senior Member Reputation points: 4457
    Join Date
    Feb 2014
    Location
    Florida
    Posts
    263

    A/R or invoice factoring I always work with James Golden of Marquette... maybe he can help.. number is 256-312-2002. Tell him Shannon sent you.

  3. #3
    Senior Member Reputation points: 27404
    Join Date
    Dec 2015
    Location
    Texas
    Posts
    552

    As of the 5/2017 Da Vinci inc. Has started funding and approving daily and weekly MCA!
    We are a direct lender who offers A-B+ paper programs but can provide competitive 3-5th positions with sub par credit. Will not fund under 20k inhouse!

    - Our site is being updated for the volume we have seen the last couple months and make submission easier. We are eager to provide a good product and service. Please review pre-qualified options below to apply. Syndication's are welcome.

    1-2nd positions
    685 fico required
    consolidate up to 3 positions,
    must net 40% of offer amount..
    Funding in house up to 20k-100k syndicating anything over 150k. We have done same day invoice factor through our direct lender access portals. But REALLY EXPECT A 48 HR TURN Arounds with full submissions.

    Prime REQUIREMENTS 1.19 PLUS RATES
    o 1ST and 2ND Position Only
    o Credit Score: 595-610 plus preferred
    o Average Daily Balance: $1750+
    o Monthly Deposits: $85,000+
    o Negative Days: 1-4 Days
    o Minimum Monthly Deposits: 8 Deposits
    o Funding Amounts: $50,000 - $2,000,000
    o Term: 132 Days – 420 Days (rare)
    o FM Score: 625 or Higher


    UNLIMITED syndication ADVANCE REQUIREMENTS 1.29 plus
    o All Positions Available 1-5th
    o Credit Score: 480+
    o Average Daily Balance: $750+
    o Monthly Deposits: $8,500
    o Negative Days: 7 Days
    o Minimum Monthly Deposits: 3
    o Funding Amounts: $7,500 - $350,000
    o term: 44 Days – 88 Days
    o FM Score: 525 or Higher
    Da Vinci Inc.
    Davincinc.com
    primary-support@davincinc.com
    Steven Jones
    direct - davincinc@outlook.com
    PHONE- 2102904102
    Last edited by Davincinc; 06-04-2017 at 10:37 AM.

  4. #4
    Senior Member Reputation points: 8424
    Join Date
    Aug 2014
    Posts
    194

    Invoice factoring

    Davinc, you're a broker... why are you trying to fool people?

  5. #5
    Banned Reputation points: 4530
    Join Date
    Mar 2014
    Location
    Ann Arbor, Michigan
    Posts
    1,289

    Does your client need p.o. or dip financing right away? What ongoing need do they have for working capital?
    Bob Shaw
    734-929-3800
    Rshaw@ironhorsecredit.com
    Bob Shaw

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