Results 1 to 11 of 11
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01-12-2018, 04:54 PM #1
- Join Date
- Apr 2017
- Location
- Orange County, CA
- Posts
- 93
MCA Refinancing -192k
Client has two MCA's totaling 192k, paying out 20k per month. Want to refinance into an 18-24 month loan (don't they all)
Anyone not names Breakout, Quarterspot that would look at this without requiring a 50% net?
Client just funded an SBA loan and this was the only thing not included in that Loan.
Good credit, a lot of inquiries.
175-200k month deposits
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01-12-2018, 05:08 PM #2
I can take a look at it. May have a hybrid type for it.
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01-12-2018, 09:25 PM #3
- Join Date
- Apr 2015
- Location
- Louisiana
- Posts
- 299
Which SBA lender funded his loan with out paying off a high frequency loan? His profitabllity must be absolutely incredible in order to support a cash advance with the SBA DSCR requirements.
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01-13-2018, 12:28 AM #4
- Join Date
- May 2017
- Posts
- 350
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01-13-2018, 08:24 AM #5
- Join Date
- Oct 2016
- Posts
- 4,318
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01-13-2018, 09:38 AM #6
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
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01-13-2018, 09:43 AM #7
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
JohnDough is right: the details of the business type, the balance sheet assets, what the SBA lien includes and other details (owners FICO, NOI on 17 P and L etc.) will determine the best option.
www.businesscapitalconsultants.com
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01-13-2018, 10:33 AM #8
- Join Date
- Oct 2016
- Posts
- 4,318
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01-15-2018, 08:57 AM #9
- Join Date
- Jun 2017
- Posts
- 2,049
IOU - Slim Chance
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01-15-2018, 04:04 PM #10
- Join Date
- Jan 2018
- Posts
- 8
Hey! My name is Wayne with GuardiangLendingGroup we focus on MCA and credit card split. Because there is a processor involved I can get c, d, e paper funded.
see below what we typically look for:
MCA
• Funding 10-500k
• 1st and 2nd positions
• ACH, CC split and lockbox (we split with the top 10 processors
• Daily, weekly remits
• Renewals / refi's start at 50% paid off
• Solid underwriting / offers - 1-4 hours
• Same day funding on most small / medium files
• Soft credit pulls
email me! wayne@guardianlendinggroup.com
Wayne Lawson • Marketing Director
Guardian Lending Group | 204 25th street suite 204 | Brooklyn, NY 11232
D: 917-921-4741 | F: 347-662-3059 | wayne@guardianlendinggroup.com
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01-15-2018, 04:05 PM #11
- Join Date
- Jun 2017
- Posts
- 2,049
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