300k term loan - need a suggestion
Need a Funder or Vendor? START HERE

Results 1 to 7 of 7
  1. 09-16-2019, 12:33 PM #1
    Igm
    Igm is offline
    Member Reputation points: 10
    Join Date
    Feb 2019
    Posts
    18

    300k term loan - need a suggestion

    Hello I have a a merchant looking for 300k. 700+ credit, bank statements 350k-500k+ monthly, keeps 50k in the bank. Currently has a small MCA. Thank you in advance!
    Reply With Quote Reply With Quote
  2. 09-16-2019, 12:38 PM #2
    ghosthand
    ghosthand is offline
    Senior Member Reputation points: 14746
    Join Date
    Sep 2019
    Posts
    109

    Loanme without a doubt
    Reply With Quote Reply With Quote
  3. 09-16-2019, 01:04 PM #3
    omegafund
    omegafund is online now
    Senior Member Reputation points: 16709
    Join Date
    Jul 2014
    Location
    Jackson Hole Wy
    Posts
    727

    Why did he get a small MCA with that profile? Depending on how recent that MCA was taken you could try fundation. A Local bank would take that deal if you know how to place it.
    www.omegafund.com
    Reply With Quote Reply With Quote
  4. 09-16-2019, 02:45 PM #4
    Jstarr
    Jstarr is offline
    Senior Member Reputation points: 34509 Jstarr's Avatar
    Join Date
    Nov 2014
    Location
    South Florida
    Posts
    840

    Depending on where you are in the country, most banks are providing $100,000 signature loans for businesses with $450,000 annual revenue and 650 Fico - TD Bank is one of them

    Quote Originally Posted by Igm View Post
    Hello I have a a merchant looking for 300k. 700+ credit, bank statements 350k-500k+ monthly, keeps 50k in the bank. Currently has a small MCA. Thank you in advance!
    Jerry Starr
    Insource Funding
    433 Plaza Real,
    Boca Raton, Fl 33432
    P: 800-805-3391 Fx: 561-270-6895
    insourcefunding.net

    WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL

    ◆ 50% LTV - No Fico Required
    ◆ 90% CLTV on Purchases
    ◆ Investment Residential / Commercial Properties


    Reply With Quote Reply With Quote
  5. 09-17-2019, 01:03 PM #5
    nkelly2
    nkelly2 is offline
    Member Reputation points: 10
    Join Date
    Mar 2019
    Posts
    29

    Fundation
    Reply With Quote Reply With Quote
  6. 09-17-2019, 02:20 PM #6
    Christian
    Christian is offline
    Senior Member Reputation points: 33996
    Join Date
    Jan 2015
    Location
    Laguna Beach
    Posts
    463

    Quote Originally Posted by ghosthand View Post
    Loanme without a doubt
    Negative. They cap at 250k. Fundation without a doubt (depending on when that MCA funded).
    Reply With Quote Reply With Quote
  7. 09-17-2019, 02:52 PM #7
    Get It Done
    Get It Done is offline
    Senior Member Reputation points: 18943
    Join Date
    Feb 2019
    Posts
    124

    ondeck will do 36 on certain deals over 250
    Reply With Quote Reply With Quote

Similar Threads

  1. Contractor doing $2+M looking for term loan or long term cash advance
    By PulseLenders in forum Deal Bin
    Replies: 14
    Last Post: 04-17-2017, 06:30 PM
  2. Manufacturer looking for a Sale Leaseback $300K 1 year term
    By nass15 in forum Deal Bin
    Replies: 1
    Last Post: 01-05-2017, 11:31 AM
  3. Rush Asset-based Hotel Deal. Need $250-300K funded by Wednesday. Need 2-5 yr term
    By Fundyman in forum Deal Bin
    Replies: 3
    Last Post: 06-29-2015, 11:36 AM
  4. Comm.Generator Co. Sales & Service 5 States Looking for 200-300K sht term 90 days
    By Phoenix in forum Deal Bin
    Replies: 0
    Last Post: 04-16-2015, 10:51 PM
  5. Suggestion
    By ygs in forum Merchant Cash Advance
    Replies: 3
    Last Post: 11-13-2014, 12:14 AM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

Forum Rules



INDUSTRY ANNOUNCEMENTS
LegalZoom partners w/ businessloans.com
iBusiness Funding acquires Funding Circle
Fintech Nexus is shutting down

DIRECTORY