18 month term?
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  1. #1
    Senior Member Reputation points: 43599 brokerCompany's Avatar
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    18 month term?

    Who does 18 month terms for low credit?
    590s.
    140k monthly. NO NSFs
    Construction industry 10-15 deposits per month

    Qspot and IOU decline

  2. #2
    How much of the request is working capital? equipment financing?
    Purpose of funds gives you a goal dude. imo. can get huge qualification for equipment financing, and still qualify for some working capital.

  3. #3
    Senior Member Reputation points: 43599 brokerCompany's Avatar
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    Quote Originally Posted by IvanR View Post
    How much of the request is working capital? equipment financing?
    Purpose of funds gives you a goal dude. imo. can get huge qualification for equipment financing, and still qualify for some working capital.
    Thanks bro. Not looking for equipment financing. They already have a lot with none that are free and clear. Working capital 75k but want lower debt service so looking for 18 month. They also dont want to factor and cannot on the bigger invoices.

  4. #4
    Senior Member Reputation points: 258
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    We can do something here if the client has collateral to pledge. Give me a call to discuss this file further.

    Michael Bernier
    ISO Relations | Grand Capital Funding
    P: 201.273.9162 | C: 860.916.2158
    E: MikeB@GrandCapitalFunding.com

  5. #5
    Let me know when you find someone and we can give them a 5 month 2nd

    Daniel Lenefsky
    Senior Finance Executive/VP ISO relations
    P:646-774-3301
    F: 646-398-5656
    daniel@yellowstonecapllc.com

  6. #6
    Quote Originally Posted by brokerCompany View Post
    Who does 18 month terms for low credit?
    590s.
    140k monthly. NO NSFs
    Construction industry 10-15 deposits per month

    Qspot and IOU decline
    LoanMe offers 24-60 month terms for borrowers with FICO's between 500-600. We can work with all "For-Profit" Industries including construction.
    Last edited by LoanMe; 05-01-2018 at 02:31 PM.
    LoanMe Business
    949-535-7798
    Email: Business.Loans@LoanMe.com




    www.loanme.com/SBL-partner
    1900 S State College Blvd. Suite 300
    Anaheim, CA 92806

  7. #7
    Senior Member Reputation points: 38639 patrickw's Avatar
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    Try ondeck, I funded 6 18months deal with them within last 2 months. 2 of them were construction & remodeling.
    Patrick Wilson
    Managing Partner
    www.PremierCapitalNetwork.com

    (NO MORE LENDER/FUNDER CALL PLZ)

  8. #8
    Senior Member Reputation points: 27404
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    Fix the credit, no one will do 18 month with a credit that shows he don't pay or is over leveraged.

    12 month max probably 1.29 buy rate
    Steven Jones
    www.davincinc.com
    Steven@davincinc.com
    PH: 210-290-4102
    "We can beat your offer!"

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