Term Loan needed
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  1. #1

    Term Loan needed

    Term Loan lender recommendations for 600 score
    Unsecured No RE
    Monthly revenue over $225K

    Thank you for your Reply

  2. #2
    Senior Member Reputation points: 12878
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    LoanMe is probably your only option for a monthly payment with a 600 cs and no collateral. I think breakout needs a 640/650 cs for their monthly program

  3. #3
    Senior Member Reputation points: 84403
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    Quote Originally Posted by SRS View Post
    Term Loan lender recommendations for 600 score
    Unsecured No RE
    Monthly revenue over $225K

    Thank you for your Reply
    How quickly do they need funds ?
    TIB?
    Amount Seeking?

    Possible Options - SBA or CC Split

    Contact me.
    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

  4. #4
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    Unlikely to get sba DAve..credit issues

  5. #5
    Senior Member Reputation points: 84403
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    Quote Originally Posted by golf2014 View Post
    Unlikely to get sba DAve..credit issues
    Credit is not the sole criteria for an SBA Loan - you may be correct, but, one never knows
    until we submit an application. Within 2-3 business days we know whether the client passes initial screening.

    Just some paperwork needs to be completed.
    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

  6. #6
    Senior Member Reputation points: 68233
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    If the client is seeking a loan without collateral (Express) Credit is a greater part of the equation- makes sense. If however, there are assets to attach to, credit becomes less significant (deals with FICO scores in the 500's are not that unusual as long as there is a reason the score is low).

  7. #7
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    Dave is so damn thirsty.

  8. #8
    Senior Member Reputation points: 84403
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    Quote Originally Posted by WestCoastFunding View Post
    Dave is so damn thirsty.
    That is the best contribution you can make to the discussion?
    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

  9. #9
    Hey-- My names Elliot. I’m a new Funder with Ace, pls email me any deals you're looking to get funded outside.

    I’ll take everything you got; high risk is not a problem. I don’t care how many positions the merchant has already...

    Email me for an ISO agreement. Elliot@acefundingllc.com

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