Need a Funder or Vendor? START HERE

Results 1 to 5 of 5
  1. #1

    Seeking real lenders doing unsecured lines of credit for businesses and individuals

    Seeking Real direct lenders that are doing real unsecured lines of credit for businesses or individuals with credit scores 680 and above please email to milford@commercialmortgagecap.com or call 541-632-3560

  2. #2
    Senior Member Reputation points: 752
    Join Date
    Apr 2014
    Location
    Chicago, IL
    Posts
    185

    Quote Originally Posted by Richierichard View Post
    Seeking Real direct lenders that are doing real unsecured lines of credit for businesses or individuals with credit scores 680 and above please email to milford@commercialmortgagecap.com or call 541-632-3560
    In 10 years I have yet to find a single non bank lender that lends out a true unsecured line of credit to a business. If you find one, lmk. But you're better off charging a convenience fee and taking your borrowers to WF and Chase. Good luck.

  3. #3
    Senior Member Reputation points: 216519
    Join Date
    Feb 2017
    Posts
    3,334

    This is where our consultants come into play.
    Charge them convenience for bringing them to the RIGHT lenders on a list of over 200 banks throughout the US.
    The trick is knowing who to go to and prevent endless nonsensical credit inquiries.

    We just secured $75,000 in UBLOCs with 0 APR for 6-12 months for a start-up with 2 months of history and charged her 10%. Started with a 740, now has a 720, and $67,500 to invest in her real estate business.

  4. #4
    Member Reputation points: 69
    Join Date
    Sep 2016
    Location
    Tampa
    Posts
    6

    What happens when they take a cash advance and they lose their 0% introductory rate, then the cash advance rate kicks in at 20+%?

    This is a serious question, if you have a way around this please let me know.

  5. #5
    Senior Member Reputation points: 216519
    Join Date
    Feb 2017
    Posts
    3,334

    Quote Originally Posted by VenturyCap View Post
    What happens when they take a cash advance and they lose their 0% introductory rate, then the cash advance rate kicks in at 20+%?

    This is a serious question, if you have a way around this please let me know.
    It's called a "balance transfer." Do NOT use cash advances. Look it up online - every credit card can do it. The CLIENT just pays the 3% fee instead of the store, that's all.
    Use one card with 0 fees on convenience checks, and balance transfer in and out from it, just like an ATM.
    For cards with 0 APR on purchases, use it for purchases.
    It's pretty simple.

Similar Threads

  1. NEW! Unsecured Business Lines of Credit 20,000 to 300,000
    By Richierichard in forum Business Loans
    Replies: 4
    Last Post: 06-20-2017, 01:31 AM
  2. NEW! Unsecured Business Lines of Credit 20,000 to 300,000
    By Richierichard in forum All Other Lending
    Replies: 2
    Last Post: 06-17-2017, 07:36 AM
  3. Replies: 1
    Last Post: 07-13-2015, 08:00 PM
  4. Unsecured Lines of Credit up to $150,000
    By omegafund in forum Promotions
    Replies: 0
    Last Post: 07-10-2015, 04:43 PM
  5. Unsecured Lines Of Credit
    By bruce@bdfunding.com in forum Business Loans
    Replies: 2
    Last Post: 05-09-2014, 09:51 AM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

SubcontractorHub, Lendica partner
BoA launches business loan marketplace
Quickbooks adds new LOC product


DIRECTORY