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  1. #1
    Member Reputation points: 736 Michael Thomas's Avatar
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    Jun 2015
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    South Ms
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    Details inside

    I am looking for a direct lender, who does monthly payments 3-6 yr term.
    merchant has 673 fico
    70 - 80k a month revenue
    looking for 85-90k

    do not say loanme...
    Website : https://www.speedybusiness.loan
    Location : 1255 Lynnfield Rd Memphis, TN
    Phone : 601 803 1513

  2. #2
    Senior Member Reputation points: 305505
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    Jun 2015
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    3,319

    bank of america

  3. #3
    Senior Member Reputation points: 503040
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    Oct 2016
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    4,318

    When it comes to a term loan, monthly revenue isn’t what’s important. Are they profitable? Is there collateral?

  4. #4
    Senior Member Reputation points: 39493
    Join Date
    Oct 2014
    Location
    Naples, FL
    Posts
    472

    ...you are looking for a bank product. You will need financials for the last two years. Expect a long approval and underwriting process...2-3 weeks to get funded. 3% commish. I'm not direct, but I know how to get this done.

  5. #5
    Quote Originally Posted by Michael Thomas View Post
    I am looking for a direct lender, who does monthly payments 3-6 yr term.
    merchant has 673 fico
    70 - 80k a month revenue
    looking for 85-90k

    do not say loanme...
    If the merchant has 2 or more years in business you can submit the file to SmartBiz for a 2-3 year bank term loan with monthly payments.

  6. #6
    It takes 1 to 2 weeks to close.

  7. #7
    Senior Member Reputation points: 16709
    Join Date
    Jul 2014
    Location
    Jackson Hole Wy
    Posts
    726

    BBVA compass does unsecured loan up to 100k. We have placed some with our local bank funding in couple of days. If there is a branch in your area.
    I also messaged with other options for your client

    Banks are crazy now giving away money

  8. #8
    Senior Member Reputation points: 226125
    Join Date
    Feb 2017
    Posts
    3,396

    BBVA needs to have a regular bank branch in the state the client lives in, keep that in mind. Not a mortgage branch like they do in Louisiana.

  9. #9
    Senior Member Reputation points: 62986
    Join Date
    Apr 2015
    Location
    Louisiana
    Posts
    299

    Quote Originally Posted by Michael Thomas View Post
    I am looking for a direct lender, who does monthly payments 3-6 yr term.
    merchant has 673 fico
    70 - 80k a month revenue
    looking for 85-90k

    do not say loanme...
    TAB Bank and Celtic Bank do these loans.

  10. #10
    I have a couple lenders we use with those parameters I assume you have tax returns? give me a call to discuss 443-360-1918

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