Results 1 to 4 of 4
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04-18-2019, 03:58 PM #1
- Join Date
- Jan 2016
- Posts
- 22
Need Financing for Large Retailer - with funding circle
Hello,
I have a client looking for a loan - they have a Funding Circle loan at 15% interest and they just received a PayPal loan for $110,000 at 13%.
If anyone is interested please contact me.
Regards,
Adam
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04-19-2019, 12:28 AM #2
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,995
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
Office: 727-233-1111
Skype: fc-financial
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04-19-2019, 07:24 AM #3
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
PayPal (Swift) is not 13% it is a factor rate- likely 1.13 for 12 months which converts to approximately 25% APR.
Question is: why wouldn't the client simply get a longer term note for less than 10% and get rid of these shorter amortizations?
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04-24-2019, 01:06 AM #4
- Join Date
- Apr 2019
- Posts
- 10
Hello Adam, We can fund long term loan based on collateral. Give me a call to discuss deal in more detail 1-887-219-9576
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