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  1. #1
    Member Reputation points: 182 MCApolice's Avatar
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    Anyone fund a deal with LIFTFORWARD?

    Has anyone funded a deal with liftforward?

    Had A paper client declined by them, they went to their bank the following week and got a 125k 5% 5 year unsecured bank loan..

    Anyone done business and or funded a merchant with their product?

  2. #2
    Senior Member Reputation points: 68233
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    MCApolice,

    When you see 5% Unsecured bank product (was likely a revolver at Prime plus 2) it typically means that they are lending on the Guarantors FICO score. Many banks throughout the country have programs like this for credit-worthy owners with a depository relationship

  3. #3
    Senior Member Reputation points: 105
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    LiftForward is best suited for larger, well qualified files. Potential clients with revenues in the ($5MM - $100MM range). While WE have the ability to do unsecured lending, any uncertainty creates risk and at such levels it NOT worth taking the risk.

    How much did you make on this deal going through the bank (MCApolice)? As I was told and continue to live by, you just cant have one experience and be an expert. It takes an understanding of the product, and if it fits...WE will FUND!

  4. #4
    MCApolice,

    I just funded a deal With Lift Forward for 650K and they paid within 2 days....

  5. #5
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    Quote Originally Posted by jeffcapital View Post
    MCApolice,

    I just funded a deal With Lift Forward for 650K and they paid within 2 days....
    Hey Jeff what type of deal estate did the merchant need to put up and how much is your commission?

  6. #6
    Senior Member Reputation points: 81655
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    Quote Originally Posted by Michael I View Post
    Hey Jeff what type of deal estate did the merchant need to put up and how much is your commission?
    Isn't the main point that Lift Forward closed the deal.? I would have a more curt reply to anyone whom is asking me what I made on a deal, but, I'm not everyone
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

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