$500K at 9% over Six Months - Unsecured
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  1. #1
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    $500K at 9% over Six Months - Unsecured

    That's what I need to compete with.

    I know Credibly can go down to 9.99% for $250K w/ 18 & 24 month-terms.

    Does anyone know where On Deck can place on something like this? Merchant is doing $3M a month and generally pays back within six months.

  2. #2
    Senior Member Reputation points: 6957 ESE5020's Avatar
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    Collateral?
    East Shore Equities, LLC
    Tel: 516-231-5595 | Fax: 516-231-5590
    www.EastShoreEquities.com

  3. #3
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    Quote Originally Posted by ESE5020 View Post
    Collateral?
    No he doesn't want to do collateral. But I will push him in that direction. If so, who would you recommend? WBL?

  4. #4
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    If his credit is amazing, and revenue is there Paypal will compete with this on 6m term. But be ready for a laundry list of stips.

  5. #5
    Senior Member Reputation points: 6957 ESE5020's Avatar
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    Depending on the collateral I may be able to look at it
    East Shore Equities, LLC
    Tel: 516-231-5595 | Fax: 516-231-5590
    www.EastShoreEquities.com

  6. #6
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    Quote Originally Posted by Sachip24 View Post
    If his credit is amazing, and revenue is there Paypal will compete with this on 6m term. But be ready for a laundry list of stips.
    Thanks. I didn't know Paypal was partnering w/ brokers. Is there a partner site? Can't see to find anything for brokers.

  7. #7
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    Quote Originally Posted by Quickfunder View Post
    Thanks. I didn't know Paypal was partnering w/ brokers. Is there a partner site? Can't see to find anything for brokers.
    They are not...

  8. #8
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    Quote Originally Posted by Quickfunder View Post
    That's what I need to compete with.

    I know Credibly can go down to 9.99% for $250K w/ 18 & 24 month-terms.

    Does anyone know where On Deck can place on something like this? Merchant is doing $3M a month and generally pays back within six months.
    QuickFunder,

    What does the Company do? $3Mil a month for most companies equates to at least $4Mil in accounts receivables. If they have receivables we might be able to provide an ABL facility. We could possibly include inventory and M&E as an accommodation to the AR line. Kevin.Henry@SeacoastBF.com
    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

  9. #9
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    Quote Originally Posted by Quickfunder View Post
    That's what I need to compete with.

    I know Credibly can go down to 9.99% for $250K w/ 18 & 24 month-terms.

    Does anyone know where On Deck can place on something like this? Merchant is doing $3M a month and generally pays back within six months.
    Amex
    Steven Jones
    www.davincinc.com
    Steven@davincinc.com
    PH: 210-290-4102
    "We can beat your offer!"

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