client wants term loan, certainly qualifies for one - cant get approved
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  1. #1
    Quote Originally Posted by ADiamond View Post
    my client did upwards of $2MM in rev YTD, and $1.6MM in previous calendar year. net positive on P&L 3 years in a row. 750 FICO, has two tax liens for 35-40k BUT HAVE BEEN PAID and vacated...

    we tried to get him lending club & funding circle - cant get him approved - FOR WHAT REASON? no idea. not to mention he has a 2 year payment history of paying daily MCA's without flaw.

    he wants $150k...

    anyone have experience dealing with this? i was thing fundation or onemain/springleaf...
    Anthony - if these tax liens are paid off and there is nothing else wrong with the file I can't imagine why it's being declined. With what you are describing, we should be able to put together a loan for the $150k requested over a term of 1-2 years with weekly or even monthly payments. Feel free to call me to discuss.

    Steven Safirstein
    Vice President of Sales & Head of ISO Relations
    Breakout Capital Finance, LLC
    6862 Elm Street, Suite 300, McLean, VA 22101
    O: 703 852 6013 I steven@breakoutfinance.com

  2. #2
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    Ill take a shot at the file

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