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  1. #1

    Question Need 15k longer term loan for client!

    She runs a day care, in Cali, been in business almost a year, consistently 6500 monthly, no current loans. She just got approved to double her occupancy, and can accept more kids via a govt contract, she needs 15 to 20 k to get the expansion done. 545 credit, Some broker told her he can get her 15k at 100.00 daily, and a credit card for 2500.00 limit. I think he's full of shit, but I'm trying to match or beat his supposed offer.

    Anyone can do this? All my lenders are under 5k on short term MCAs, I need a longer term to get her to 15k.
    Last edited by Kjhaight; 10-23-2018 at 09:26 PM. Reason: Misspelling

  2. #2
    Senior Member Reputation points: 76375
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    Quote Originally Posted by Kjhaight View Post
    She runs a day care, in Cali, been in business almost a year, consistently 6500 monthly, no current loans. She just got approved to double her occupancy, and can accept more kids via a govt contract, she needs 15 to 20 k to get the expansion done. 545 credit, Some broker told her he can get her 15k at 100.00 daily, and a credit card for 2500.00 limit. I think he's full of shit, but I'm trying to match or beat his supposed offer.

    Anyone can do this? All my lenders are under 5k on short term MCAs, I need a longer term to get her to 15k.
    You want nearly 3x her monthly revenue with a 545 credit score. ?
    Dave Lambert
    FC Financial LLC
    dave@fcbankcard.com
    Phone: 1-727-233-1111
    Text/VM: 1-727-291-7890

  3. #3
    The $15,000 will be three separate offers that the broker will try and triple fund in one day without the other MCA companies knowing. I'm sure they told her that in 30 days it will convert to a 5 year term loan at 7.99% as well.

  4. #4
    I don't see how else they are getting her 15k, thought maybe I'm missing something here, but I'll call her bluff n tell her to take their offer. She'll be buried n bankrupt if she takes their offer.

  5. #5
    Senior Member Reputation points: 35477 brokerCompany's Avatar
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    loanme?

  6. #6
    Sponsor Reputation points: 54507
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    I think we fund a dozen of these business a week ! they seem to spike in Oct-Dec.
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    覧覧覧覧覧覧覧覧覧覧覧覧覧
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  7. #7
    Member Reputation points: 735 Michael Thomas's Avatar
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    loanme is the best bet...

    Term Loan: D $6,000 - $15,000 119.00% 10.00% 60 mo $597.05 - $1,492.63
    Term Loan: E $6,000 - $15,000 149.00% 10.00% 24 mo $792.78 - $1,981.94
    Website : https://www.speedybusiness.loan
    Location : 1255 Lynnfield Rd Memphis, TN
    Phone : 601 803 1513

  8. #8
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    Quote Originally Posted by mcaguru View Post
    I think we fund a dozen of these business a week ! they seem to spike in Oct-Dec.
    you ever get tired of spewing your bullshit.
    I put my contact info in here, and
    was bombarded with spam from funders
    if you need to reach me PM me

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