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  1. #1
    Senior Member Reputation points: 5777
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    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 07:59 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
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    Cant do PO because there is no purchase orders. only online purchases by individuals
    Last edited by TedFundy; 09-15-2017 at 04:11 PM.

  4. #4
    Senior Member Reputation points: 1240
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    I recently had an Online Retailer funded by Tip Top tiptopcap.com

    Try calling John (516)366-1858

  5. #5
    Senior Member Reputation points: 1422
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    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
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    Sent you a PM

  7. #7
    Senior Member Reputation points: 503040
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    Isn't this a Lendvo-type deal?

  8. #8
    Senior Member Reputation points: 158630
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    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
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    Quote Originally Posted by HDF View Post
    No Cali at Lendvo.
    Oh ****, that's right. Cali ****ed 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
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    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
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    Oct 2015
    Location
    Beverly Hills, CA
    Posts
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    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
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    bump.. see edit

  13. #13
    Senior Member Reputation points: 503040
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    Quote Originally Posted by TedFundy View Post
    bump.. see edit
    Do they still have the 1st position MCA?

  14. #14
    Senior Member Reputation points: 216519
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    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.

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