Results 1 to 16 of 16
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07-28-2014, 07:18 PM #1
- Join Date
- May 2014
- Posts
- 86
Best Lenders for 100k + deals that offer no early payment penalties.
WHo offers the best deals to merchants that want more than 100k and is able to pay the loan back earlier than the time giving without penalties? Cash Call? Anybody got any feed back on them for business loans? Super G Funding? Smartbiz Loans? I know kabbage only goes to 100k. Please advise. THanks in advance.
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07-28-2014, 07:22 PM #2
- Join Date
- Jun 2014
- Posts
- 25
Best Lenders for 100k + deals that offer no early payment penalties.
In the 100k above space, I would recommend Mulligan Funding, GRP and BFS. if client has collateral, WBL will offer the more than a traditional MCA company.
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07-28-2014, 07:26 PM #3
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- May 2014
- Posts
- 86
Mulligan Funding. Arent they a leasing company? BFS allows early payoff with no penalties?. Ive been hearing about Wbl more and more. are they good to have around? Thanks Samkota. Btw are you part of funderscloud in newport beach?
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07-28-2014, 07:29 PM #4
- Join Date
- Jun 2013
- Posts
- 195
Of course we are good to have around LoanShark714 = )
Feel free to give me a call tomorrow to discuss why
Chris Pepe
212 293 8210
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07-28-2014, 07:51 PM #5
- Join Date
- Jun 2014
- Posts
- 25
Best Lenders for 100k + deals that offer no early payment penalties.
Mulligan is actually a licensed lender in California, they've always done well for us. Not sure about prepay penalty/discount at BFS, but you should try getting in touch with Matt Arfin over there good guy. WBL is a dynamic lender as it relates to merchants with collateral, I have experienced much larger advance offers based on merchants collateral/real estate/vehicles etc, Chris Pepe manages the wholesale division, his contact I believe is in this string. In terms of funderscloud, I was involved as an investor and interim-CEO last year, I commend what Shmuly and FC team have been able to do building the technology.
Best of luck!
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07-28-2014, 10:27 PM #6
- Join Date
- Jan 2014
- Posts
- 283
Caprock in Dallas is really good if your client accepts credit cards. They make very aggressive offers. BFS too, although they take kind of long. I honestly haven't heard of Mulligan yet, maybe we'll check them out....
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07-29-2014, 10:53 AM #7
- Join Date
- Jan 2013
- Location
- Berlin, CT
- Posts
- 191
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07-29-2014, 10:57 AM #8
- Join Date
- Apr 2014
- Posts
- 73
BFS definitely has prepayment penalties.. if you want to call it that.. you pay it all no matter when you pay it.
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07-29-2014, 11:57 AM #9
- Join Date
- Jun 2014
- Posts
- 25
Best Lenders for 100k + deals that offer no early payment penalties.
Agreed JSL, Caprock is also a good choice for merch w CC
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07-29-2014, 12:04 PM #10
"prepayment penalties".... lol
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07-29-2014, 04:33 PM #11
Max Advance funds deals $100k+ and we do not have early payment penalties. Send us your deals for Maximum Approvals!
Maxadvance Banner 2.jpgChristina Rossi
Business Development
Account Executive
Tel: 866-629-4464 ext 229
Fax: 917-368-6943
Crossi@maxadvance.com
www.maxadvance.com
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07-30-2014, 01:23 PM #12
- Join Date
- Apr 2014
- Posts
- 73
So if you don't have early payout penalties how are you paying agent commissions?? Just killing the merchant with origination fees and other BS fees?
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07-30-2014, 03:10 PM #13
- Join Date
- Apr 2013
- Location
- NY
- Posts
- 203
There are some replys on here from people that don't understand cash advance. There is no early payment penalty for any cash advance. Regardless of how early you pay it off you still pay full payback amount. There is both no prepayment penalty and no benefit to paying off early. Some , but not most, companies will offer a reduced payback amount if the advance is paid off faster than expected
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07-30-2014, 03:28 PM #14
- Join Date
- May 2014
- Posts
- 32
profitable book/ leads for sale
Leads include (not all but most)
Apps
Stips
Contracts
Dates range from 2012-june 2014
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08-06-2014, 11:22 AM #15
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
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08-07-2014, 02:33 PM #16
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
we offer two term loans running up to $150,000 soon to $350,000
Terms run 2-15 years, unsecured and as low as 6%.
NO PREPAYMENT PENALTY
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