Max amount without a Tax return
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  1. #1

    Max amount without a Tax return

    Hi

    What is the max amount you can get from different lenders without providing a Tax Return?

  2. #2
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    kind of a dodgy question, what are you trying to do?

  3. #3
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    Quote Originally Posted by lyndog21 View Post
    Hi

    What is the max amount you can get from different lenders without providing a Tax Return?
    Every lender is different, but you'll usually see returns requested for offers 75-100k+. Some lenders are starting to ask for returns and financials for even less than that however. Check the underwriting guidelines for the lenders you are signed up with.

  4. #4
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    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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    Quote Originally Posted by Sachip24 View Post
    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.
    plus 7% setup fee

  6. #6
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    150k 1.25 buy rates. But a very clean deal all around

  7. #7
    We do not request tax returns to fund deals. UP to 750k

    Michael@PromptCapitalFunding.com

  8. #8
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    We can provide a factoring facility north of $25Mil without returns. Internal income statements and balance sheets are fine.

    ABL facilities would require returns.

    KH
    Hedley Lamarr......That's Hedley

  9. #9
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    Quote Originally Posted by lyndog21 View Post
    Hi

    What is the max amount you can get from different lenders without providing a Tax Return?
    Some funders use tax return as a file stuffier and do not care how bad it is.

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    Quote Originally Posted by lyndog21 View Post
    Hi

    What is the max amount you can get from different lenders without providing a Tax Return?
    what type of industry?core industries can get higher without financials but 250k will be the max i have ever done without financials

  11. #11
    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?

  12. #12
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    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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