Need a Funder or Vendor? START HERE

Results 1 to 14 of 14
  1. #1
    Senior Member Reputation points: 5777
    Join Date
    Mar 2016
    Posts
    335

    Online Retailer needs 250-500k

    ***

    EDIT: they will accept an MCA but would like an 18 month term. He was approved for 200k 1.33 at 12 months.

    Think anyone can beat this?

    ***


    Already has a weekly MCA at a decent rate and not looking for another. Balance is about 140k.

    Company is growing, has 800k of inventory that is usually presold but no lien on it.

    Aug 843k
    July 683k
    June 815k
    May 750k
    March 780k
    Feb-551k

    California. No RE. Needs funds next week.
    Last edited by TedFundy; 09-19-2017 at 08:59 PM.

  2. #2
    why not a PO deal ...whats the credit...no definite on next week but id try...pm me

  3. #3
    Senior Member Reputation points: 5777
    Join Date
    Mar 2016
    Posts
    335

    Cant do PO because there is no purchase orders. only online purchases by individuals
    Last edited by TedFundy; 09-15-2017 at 05:11 PM.

  4. #4
    Senior Member Reputation points: 1240
    Join Date
    Dec 2014
    Posts
    114

    I recently had an Online Retailer funded by Tip Top tiptopcap.com

    Try calling John (516)366-1858

  5. #5
    Senior Member Reputation points: 1419
    Join Date
    Dec 2013
    Location
    Connecticut
    Posts
    333

    Are they B2C or B2B? You could potentially do an ABL deal with the inventory. Outside of that, you'd probably be looking at something more traditional or a LOC (not for the amount requested though).

  6. #6
    Banned Reputation points: 589
    Join Date
    Feb 2017
    Posts
    31

    Sent you a PM

  7. #7
    Senior Member Reputation points: 503040
    Join Date
    Oct 2016
    Posts
    4,332

    Isn't this a Lendvo-type deal?

  8. #8
    Senior Member Reputation points: 158630
    Join Date
    Jul 2015
    Posts
    1,202

    Quote Originally Posted by WestCoastFunding View Post
    Isn't this a Lendvo-type deal?
    No Cali at Lendvo.

  9. #9
    Senior Member Reputation points: 503040
    Join Date
    Oct 2016
    Posts
    4,332

    Quote Originally Posted by HDF View Post
    No Cali at Lendvo.
    Oh shit, that's right. Cali fucked up by passing those damn lenders laws, because they essentially made it harder to get loans, but not so much with MCAs.

  10. #10
    Senior Member Reputation points: 158630
    Join Date
    Jul 2015
    Posts
    1,202

    It's a shame. Qualified businesses with a need for short term financing don't have access to a whole bunch of quality products and more importantly -- advice.

  11. #11
    Senior Member Reputation points: 5036 DiamondBL's Avatar
    Join Date
    Oct 2015
    Location
    Beverly Hills, CA
    Posts
    202

    We would be happy to look at a California option- We are a CAFLL

    Jonathan Kohanoff

    Diamond Business Loans
    292 S. La Cienega Blvd STE 206
    Beverly Hills, CA 90211
    Toll-Free 888-620-3800
    Work 424-320-3800
    Fax 877-840-8823
    www.DiamondBL.com
    jon@diamondbl.com

  12. #12
    Senior Member Reputation points: 5777
    Join Date
    Mar 2016
    Posts
    335

    bump.. see edit

  13. #13
    Senior Member Reputation points: 503040
    Join Date
    Oct 2016
    Posts
    4,332

    Quote Originally Posted by TedFundy View Post
    bump.. see edit
    Do they still have the 1st position MCA?

  14. #14
    Senior Member Reputation points: 178500
    Join Date
    Feb 2017
    Posts
    2,897

    I emailed you with an introduction, TedFundy. You can do better for the client and get them something they can deal with, not just something random.

Similar Threads

  1. Replies: 10
    Last Post: 07-31-2017, 12:32 AM
  2. Replies: 12
    Last Post: 12-12-2016, 05:10 PM
  3. Auto Parts Retailer
    By aak723 in forum Deal Bin
    Replies: 2
    Last Post: 11-22-2016, 01:41 PM
  4. On-line Retailer
    By JarrodW@ACC in forum Deal Bin
    Replies: 17
    Last Post: 08-19-2016, 12:58 PM
  5. Online retailer
    By skideeppow in forum Deal Bin
    Replies: 10
    Last Post: 06-28-2014, 08:14 PM


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

Loanspark launches co-branded lending srvc
Arsenal Funding secures $16M
New biz loan platform raises $8M


DIRECTORY