Do anybody do term Loan or MCA for a Seasonal Business?
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  1. #1
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    Do anybody do term Loan or MCA for a Seasonal Business?

    We will provide the detail by PM. Thanks

  2. #2
    Business Backer works with seasonal businesses, structuring a schedule of payments that fluctuates based on their revenues. We do require 12 months (preferably upfront) for these files though. Shooting you a PM.

  3. #3
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    I can do both , but as long as the infos match up , PM me and i can give you a calculation on what you can qualify for, I always give options as well as references.. or email me

  4. #4
    Is their busy season last for at least 3 months or longer? If so, you should be able to get this funded. Tax Prep, Lawn Care and all sorts of seasonal businesses have historically tapped the MCA market for financing. What's unique about this particular seasonal business that makes it a tough file to get funded?

  5. #5
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    Quote Originally Posted by BB_Cooper View Post
    Is their busy season last for at least 3 months or longer? If so, you should be able to get this funded. Tax Prep, Lawn Care and all sorts of seasonal businesses have historically tapped the MCA market for financing. What's unique about this particular seasonal business that makes it a tough file to get funded?
    I agree here.

  6. #6
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    Quote Originally Posted by Creative Lender View Post
    We will provide the detail by PM. Thanks
    LoanMe

  7. #7
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    There are a lot of MCA firms that love seasonal businesses, but there are more factors that they look at in determining if it will be a fit for their balance sheet. If you want to discuss the file a little further, I could provide you with a handful of lenders that would be willing to take a look at getting this one to the finish line. Feel free to give me a call (860-436-5920) or email me at mike@wbl.com to discuss further.

    Regards,

    Mike Bernier

  8. #8
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    Quote Originally Posted by mishatbb View Post
    Business Backer works with seasonal businesses, structuring a schedule of payments that fluctuates based on their revenues. We do require 12 months (preferably upfront) for these files though. Shooting you a PM.
    The absolute right answer/first choice for most seasonal businesses is TBB -- they have a product perfect for that. If that doesnt work, we too have a product structured for seasonal businesses, but I candidly will admit that our product for seasonal businesses (currently at least!) is not as good as TBBs.
    Carl Fairbank
    Founder & CEO boldMODE
    www.boldmode.com
    Carl@boldmode.com
    Founder & former CEO of Breakout Capital (sold to SecurCapital in 2019)
    www.breakoutfinance.com

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