[wallerbusiness]

Are there any funders who fund a million dollar deals. I know BFS use to but they will only go to 500k from my understanding. But who goes out to a million?

[Michael I]

sfs has done 3mil . good luck and send me a bottle of whiskey when it funds

[Hedley Lamarr]

Are there any funders who fund a million dollar deals. I know BFS use to but they will only go to 500k from my understanding. But who goes out to a million?

We offer factoring and asset based lines. We can provide facilities as small as $250K and go well over $10Mil. We don't mind doing the smaller deals if there is a chance to employ more capital as the company grows. We get very aggressive on deals of size....

[Chambo]

Are there any funders who fund a million dollar deals. I know BFS use to but they will only go to 500k from my understanding. But who goes out to a million?

the bigger issue is "why?"

Why risk $1 million on one deal, when you could spread that out over dozens of deals ?

[WestCoastFunding]

the bigger issue is "why?"

Why risk $1 million on one deal, when you could spread that out over dozens of deals ?

That $3M default to SFS is a good example.

[Hedley Lamarr]

I know we are a different product than MCA, but I would rather do larger deals. I have to do the same amount of work for a $8Mil facility as a $250K facility. Typically the smaller the company the greater the and unreliable financial reporting. Upstream tends to be a little more buttoned-up, but I have seen a fair amount of dumpster fires lately.

[MCAVeteran]

Switch products when your looking at those dollar amounts unsecured funding is not the way to go.

[aredmond]

One $3,000,000 deal going sideways is the same as 100 $30,000 deals going bad. Chambo said it best. Lenders would rather spread that 3 million out over 100 business's from a strictly risk standpoint. And to reference MCAveteran's response, if a merchant hypothetically can sustain a loan that size, he has better alternatives then this market.

[Michael I]

mcc(bizfi) used to have a rule where no one deal can be more then X% of their book for that month . I once had a 400k approval that they switched to 650k later in the month

[skideeppow]

sfs has done 3mil . good luck and send me a bottle of whiskey when it funds

the gangster museum? IN vegas. What a mess that was.

[skideeppow]

I got a 1.2 mill dollar deal done with Capital For Merchants back when they were in business.

Credit Cash does million dollar deals on a regular basis. Got a couple done with them.

[Sachip24]

Strategic may still go that high, I saw BFS while ago fund a 1mill for a co worker (lawfirm), Dan Page goes up to 2mill, a million dollar cash advance is kind of wild. I would def seek other options if they are available (factoring, lines of credit etc etc)

[MCAVeteran]

http://www.southcoasttoday.com/news/...loan-practices

Where did this one end up? Its too risky to fund in these amounts with this product

[Sean Cash]

http://www.southcoasttoday.com/news/...loan-practices

Where did this one end up? Its too risky to fund in these amounts with this product

The merchant lost 3 days ago

[mbernier]

World Business Lenders will loan out up to $2M+ if the client has the right property to pledge. We have gotten more aggressive over the years to get more loans funded as long as there is strong deposits and sufficient collateral (real estate).

Give me a call (860-436-5920) or shoot me an email (mike@wbl.com) to discuss further.

Thanks

Mike Bernier

[Jess]

The merchant lost 3 days ago

Well "lost" is relative in bankruptcy court. Has anyone seen the BFS balance on the bankruptcy filing?
Aggregated funding of $7m+ but I'm sure over a number of years/advances. Wondering what they settled for and how long it will take to receive.
They must be behind secured creditors and municipalities. How big of a hit is BFS taking on this?

[Jess]

Well "lost" is relative in bankruptcy court. Has anyone seen the BFS balance on the bankruptcy filing?
Aggregated funding of $7m+ but I'm sure over a number of years/advances. Wondering what they settled for and how long it will take to receive.
They must be behind secured creditors and municipalities. How big of a hit is BFS taking on this?

I just reread. $2 MILLION dollar hit to BFS. Holy Smokes. Well that explains a lot.......

[ryan $]

Biggest deal Ive ever done was with Credit Cash years ago, over 1 million

[ryan $]

I know we are a different product than MCA, but I would rather do larger deals. I have to do the same amount of work for a $8Mil facility as a $250K facility. Typically the smaller the company the greater the and unreliable financial reporting. Upstream tends to be a little more buttoned-up, but I have seen a fair amount of dumpster fires lately.

What type of loans do u do?

[Hedley Lamarr]

What type of loans do u do?

Ryan,

Factoring and Asset Based Lines of Credit.

[brokerCompany]

Seacoasts product is great rates and larger amounts for the well qualified client. But get ready for 2-3 year full financials,TR, AR/AP, another list of DD items. Must have b2b business with eligible receivables. Can take 30-45 days to fund

[Hedley Lamarr]

Seacoasts product is great rates and larger amounts for the well qualified client. But get ready for 2-3 year full financials,TR, AR/AP, another list of DD items. Must have b2b business with eligible receivables. Can take 30-45 days to fund

Broker Company,

Thanks for the mention! Keep in mind that we will finance challenged companies: tax liens, BK, ugly balance sheets, huge customer concentrations, etc.... Yes-We do ask for a lot of information up front because we want a clear picture of what is going on at the Company so we can tailor a solution. We also structure transactions that encourage better collections and cash management. From first phone conversation with the client to close usually takes 30 days, but I have done them in 10. We listen first, provide a solution, and move very quick.

Kevin