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07-29-2018, 09:58 PM #1
Reputation points: 1157
- Join Date
- Apr 2018
- Location
- New York City
- Posts
- 34
Merchant Doing 144,000 K on Average Looking for LOC
I have a merchant looking for a revolving line of credit. Merchant has a 720 credit score. No negative days.
Looking for LOC of 150-200k. He pulls when wants then pays it back.
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07-30-2018, 07:24 AM #2
Reputation points: 227882
- Join Date
- Feb 2017
- Posts
- 3,429
The question with these guys is always why is this client not going to the bank?
If the answer is, "I have a bank LOC, looking for more," then you should hit up Bluevine and/or Fundbox. Rates are much higher than he's used to.
If the answer is, "I haven't tried yet," then you can make money by taking him to the right bank.
If the client is in a B2B industry, there are several other ways to do this, as well.
Please reach out to me, I have a way to help you monetize.
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