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  1. #1

    $500,000 LOC for Law firm with 640 FICO

    What lenders offer a BLOC based on 640 FICO and $3M revenue?
    Build your long term pipeline and add a second revenue stream with our credit score optimization services.
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  2. #2
    Senior Member Reputation points: 2546 NickHubbard's Avatar
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    Location
    Saint Louis, Mo
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    No one!
    Nick Hubbard
    Senior Loan Specialist
    314-252-0299 - Office
    314-605-5199 - Direct
    nick@elitefactoring.com
    www.elitefactoring.com

  3. #3
    Senior Member Reputation points: 15873
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    Feb 2017
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    If they've got A/R from their business clients, there are some great factors out there that will do it.
    Micah Markowitz | American Business Funders | mmarkowitz@abfunders.com | 646-883-9721 - direct

  4. #4
    or you can get a termed loan going out to 2-4 years with monthly payments at low rates.
    Sometimes I broker, Sometimes I syndicate, Sometimes I fully fund

    Programs:
    -MCA
    -Reverse Consolidations
    -Home Equity Loan
    -Line of Credits
    -TERMED LOAN Program
    -Factoring
    -SBA Loans
    -Merchant Services

    Funded

  5. #5
    Senior Member Reputation points: 22950
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    Dec 2014
    Location
    Quogue, NY
    Posts
    947

    Quote Originally Posted by abfunders View Post
    If they've got A/R from their business clients, there are some great factors out there that will do it.
    Hard to Factor Law Firm receivables.. WAY too many disputed amounts. There are Banks that specialize in lending to Law firms but liquidity is limited compared to AB lenders.

  6. #6
    Senior Member Reputation points: 10673 Jstarr's Avatar
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    Nov 2014
    Location
    South Florida
    Posts
    595

    TD bank is offering $100,000 signature loans for business with 400,000 in revenue and 650 fico..
    Jerry Starr
    I
    nsource Funding
    433 Plaza Real, Ste 275
    Boca Raton, Fl 33432
    P: 800-805-3391
    Jerry@insourcefunding.net| insourcefunding.net

    WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL

  7. #7
    Quote Originally Posted by briandario View Post
    What lenders offer a BLOC based on 640 FICO and $3M revenue?
    Try them: https://www.counselfinancial.com

  8. #8
    Senior Member Reputation points: 22950
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    Dec 2014
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    Quogue, NY
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    Quote Originally Posted by DeanR View Post
    Typically specific to contingent fees- not AR

  9. #9
    Senior Member Reputation points: 23773
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    Try headway.
    Carl Fairbank
    Founder & Chief Executive Officer
    Breakout Capital (new headquarters)
    6862 Elm St, 3rd Floor, McLean, VA 22101
    O: 703 852 6010 I Toll Free: 888 318 3534
    cfairbank@breakoutfinance.com I www.breakoutfinance.com

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