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03-20-2019, 11:59 AM #1
- Join Date
- Apr 2013
- Posts
- 358
$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.
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03-20-2019, 12:05 PM #2
Collateral?
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03-20-2019, 12:06 PM #3
- Join Date
- Apr 2013
- Posts
- 358
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03-20-2019, 12:27 PM #4
Depending on the collateral I may be able to look at it
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03-20-2019, 12:18 PM #5
- Join Date
- Jan 2014
- Posts
- 1,374
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.
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03-20-2019, 01:20 PM #6
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- Apr 2013
- Posts
- 358
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03-20-2019, 02:09 PM #7
- Join Date
- Jan 2014
- Posts
- 1,374
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03-20-2019, 02:15 PM #8
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,484
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.comKevin 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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03-20-2019, 02:49 PM #9
- Join Date
- Dec 2015
- Location
- Texas
- Posts
- 552
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