Results 1 to 7 of 7
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07-30-2018, 09:48 AM #1
- Join Date
- Jul 2018
- Location
- Newport Beach, CA
- Posts
- 10
Looking for MCA that deals with A-Paper
Greetings!!
I have a client that needs a supplement loan to compliment his LOC. Revenues are $4 million, good credit, solid company 10 years in business and he needs $300k for 12 months, but at a low rate.
Can anyone help me here?
Thank you in advance
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07-30-2018, 09:56 AM #2
- Join Date
- Apr 2013
- Posts
- 245
Product information:
- 2-4 year payback term
- monthly payments
- 10-18% rate
- 6-8 weeks funding
Qualifications:
- must have collateral or use A/R as collateral
- credit score is not an issue
To get qualified:
-application
-6 months bank statements
-2 years of corp tax returns
-2 years of personal tax returns
-Debt schedule (including mca balances and any other loan/debt)
-Detailed use of proceeds
-Aging Recievables & Aging payable reports (if applicable)
edit* - Can buy up to 2.5 million in mca debt as well
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07-30-2018, 10:02 AM #3
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,508
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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07-30-2018, 10:13 AM #4
- Join Date
- Jul 2018
- Location
- Newport Beach, CA
- Posts
- 10
Kevin,
It is in the Hardware industry and they supply large national chains.
Robert
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07-30-2018, 10:15 AM #5
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,508
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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07-30-2018, 01:07 PM #6
KEvin from the post looks like merchant wants to supplement his LOC with a loan. You guys don't offer stand alone loans but would want to take out that LOC and offer a bigger LOC facility based on his AR?? Correct me if I am wrong
Try fundation they will consider loan after a bank LOC
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07-30-2018, 01:19 PM #7
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,508
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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