[patrickw]

Hi Funders!

I need to fund a quick deal. No LoanMe! Tried signing up with them but they never response or too much paperwork lol.

Required: 15K-20K Monthly payment at least 1 year term.
Business Type: Hospitality and Entertainment (NY)
Time in Business: 9 years
Annual Rev: Around 280k+
FICO: 640-660
Nov: 42k Ending Balance: 21K Daily Balance: over 4k++ everyday
OCT: 57K Ending Balance: 6.7K Daily Balance: over 15k++ everyday
Sep: 20K Ending Balance: 12K Daily Balance: 7k++ everyday


I don't like 2-5 points

[Chambo]

Hi Funders!

I need to fund a quick deal. No LoanMe! Tried signing up with them but they never response or too much paperwork lol.

Required: 15K-20K Monthly payment at least 1 year term.
Business Type: Hospitality and Entertainment (NY)
Time in Business: 9 years
Annual Rev: Around 280k+
FICO: 640-660
Nov: 42k Ending Balance: 21K Daily Balance: over 4k++ everyday
OCT: 57K Ending Balance: 6.7K Daily Balance: over 15k++ everyday
Sep: 20K Ending Balance: 12K Daily Balance: 7k++ everyday


I don't like 2-5 points

you don't ask for much, do you?

You state they do $280K annually (23,333 avg), but did 20, 57, 42 in last three months. That means the last couple months are considerably stronger than the average, which would ALSO mean that they are probably going into a slower season, where the deposits will be in the 15-17K range (basing everything on your $280K in annual revenue claim).

Your typical cash advance deal, even on the BEST terms, will be in the 1.30-35 range on a twelve month (I'm not even bring that nonsensical "I don't like 2-5 points...you either want a competing offer....or you don't). This is, of course, if you are serious about trying to compete against the likes of On Deck, Lending Club, or Loan Me.

[patrickw]

you don't ask for much, do you?

You state they do $280K annually (23,333 avg), but did 20, 57, 42 in last three months. That means the last couple months are considerably stronger than the average, which would ALSO mean that they are probably going into a slower season, where the deposits will be in the 15-17K range (basing everything on your $280K in annual revenue claim).

Your typical cash advance deal, even on the BEST terms, will be in the 1.30-35 range on a twelve month (I'm not even bring that nonsensical "I don't like 2-5 points...you either want a competing offer....or you don't). This is, of course, if you are serious about trying to compete against the likes of On Deck, Lending Club, or Loan Me.

Ooops! I'm just a noob brother. Anything over 1 year+ term with monthly would be fine. Main priority here is the monthly payment. Not familiar with Lending club though

[Garth Butcher]

That's A++ for sure

[Aron Samuels]

Can try to get this to work pm me.

[abfunders]

Aron, unless you're posting a company name (with a domain name, not a gmail account) and profile and build up some rep over here, NOBODY will send it to you, you're going to be made fun of, and you stand a chance for getting banned.

BTW, thank you Patrick for the opportunity, I don't have a good shot at this. Maybe an SBA would work for him when his credit is better and he has a use for that amount, but he wants extra working capital that's only monthly and he's not desperate. If it's weekly, even if it's cheap, he won't do anything that doesn't "work with the way he works." He's focused on his intense business, not paying back loans.

[mcaguru]

Micha !!!