Results 1 to 12 of 12
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03-07-2019, 12:53 PM #1
- Join Date
- Jan 2019
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- 3
Max amount without a Tax return
Hi
What is the max amount you can get from different lenders without providing a Tax Return?
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03-07-2019, 12:55 PM #2
- Join Date
- Dec 2015
- Location
- Texas
- Posts
- 552
kind of a dodgy question, what are you trying to do?
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03-07-2019, 12:56 PM #3
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- Jun 2016
- Location
- Tampa, FL
- Posts
- 180
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03-07-2019, 12:58 PM #4
- Join Date
- Jan 2014
- Posts
- 1,375
better question is what factor is your merchant willing to pay with no tax returns. handful of lenders i have gotten 250k funded with no tax returns but you're looking at 1.49 80-100 day terms maybe if deposits are strong 120. but always will be 1.49 with them.
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03-07-2019, 12:59 PM #5
- Join Date
- Dec 2015
- Location
- Texas
- Posts
- 552
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03-07-2019, 01:01 PM #6
150k 1.25 buy rates. But a very clean deal all around
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03-07-2019, 01:12 PM #7
- Join Date
- Jun 2018
- Posts
- 73
We do not request tax returns to fund deals. UP to 750k
Michael@PromptCapitalFunding.com
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03-07-2019, 01:16 PM #8
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,490
We can provide a factoring facility north of $25Mil without returns. Internal income statements and balance sheets are fine.
ABL facilities would require returns.
KHKevin 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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03-07-2019, 01:23 PM #9
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- Aug 2016
- Posts
- 831
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03-07-2019, 01:27 PM #10
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- Jun 2015
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- 3,325
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03-07-2019, 02:21 PM #11
- Join Date
- Jan 2019
- Posts
- 3
For more of the A-Paper types of deals, I've been seeing a tax return required for above $100k for a few lenders and above $150k for some other lenders. I heard Quarterspot just increased their limit and no longer requires taxes and they go up to $250k in funding. Does anyone know when On Deck requires a tax return?
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03-07-2019, 02:54 PM #12
- Join Date
- Feb 2018
- Posts
- 1,349
TRs show losses more often than not so not sure what good they actually do. But, $75K up for most companies with some starting threshold at $100k up.
On the above post , what DO YOU require for funding up to $750k if a TR is not asked?
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