[mike@ubcfunding.com]

A cleaning company just got a $400K contract with the city,only $10K in deposits , they need $40K working capital their contract pays them $44K a month.

[BB_Cooper]

City pays Net 30, or?

Robert S Bloink
EVP of ISO Partnerships
Direct: 248-341-9477
Email: bb@cooperasset.com
Web: www.cooperasset.com

[golf2014]

Work hasnt been performed yet

[abfunders]

I'm doing a file like this now, $650,000 contract with NY, funded $150,000 in $50,000 tranches.

[Kevin Henry-Seacoast]

City pays Net 30, or?

Robert S Bloink
EVP of ISO Partnerships
Direct: 248-341-9477
Email: bb@cooperasset.com
Web: www.cooperasset.com

If you are lucky!

[RichardGerard]

Hey Mike.. Understanding that prior to now the client was doing 10k per month and moving forward they will be billing NYC 44k correct?

Is there any other debt on balance sheet now? IS the guarantor credit worthy? Were they profitable in 18 (and also YTD)? If yes to questions (unless there is a large bank note) then yes to being able to secure Capital they need.

Contracts must have a firm start date- and be verifiable. Touch base with Jared Lagemann our Partnership Director- jared@bccusa.com or call him on mobile 435-513-9010 to discuss.

RG

Business Capital Consultants USA
3237 Route 112 Suite 9
Medford, NY 11763

www.bccusa.com

[brokerCompany]

Try loanme. If their balances are decent 3-4k average bank balances they should get that amount. Then use some credit cards

[RichardGerard]

Try loanme. If their balances are decent 3-4k average bank balances they should get that amount. Then use some credit cards

Of course if they are one of the 30 or so Loanme states AND they have strong-decent credit. If it is a NY contract- chances are they are in NY- which is not a Loanme state

[brokerCompany]

You must have inside information original post did not mention a city. Loanme is most likely the fastest route

[RichardGerard]

You must have inside information original post did not mention a city. Loanme is most likely the fastest route

No- NY Bids are usually given to companies domiciled in NY. Loanme is quick-not disputing- as long as the APR doesn't scare the client away

[brokerCompany]

No- NY Bids are usually given to companies domiciled in NY. Loanme is quick-not disputing- as long as the APR doesn't scare the client away

Rates dont scare clients plenty fund loanme and MCA so rates are meaningless to some clients, we funded 400k with them last week alone, when no one would come close at that speed. Again his post does not say NY but you seem determined to think it is a NY city

[brokerCompany]

A cleaning company just got a $400K contract with the city,only $10K in deposits , they need $40K working capital their contract pays them $44K a month.

what state?

[RichardGerard]

brokerCompany,

Since UBC Funding is from NYC and post said, 'The City', I took that to mean New York City- seems to be likely- you'll probably agree. Why else would he say, 'the city?' What other city?

Happy that you are so pleased with Loanme- we recommend clients to them as well-when appropriate

[BillionzandBillionz]

Of course if they are one of the 30 or so Loanme states AND they have strong-decent credit. If it is a NY contract- chances are they are in NY- which is not a Loanme state

Why do they only operate in 30 states?

[RichardGerard]

Usury Law- in some states it is illegal to charge over a threshold APR. In NY for instance it is a civil and criminal offense to charge more 24% interest. Hence 'purchase of future receivables'- NOT a Loan

[BillionzandBillionz]

Usury Law- in some states it is illegal to charge over a threshold APR. In NY for instance it is a civil and criminal offense to charge more 24% interest. Hence 'purchase of future receivables'- NOT a Loan

got it.... what are their typical rates?

How does WBL get away with it in all 50 states?

[RichardGerard]

Combination of Loan (against property) with purchase of future receivables

[mike@ubcfunding.com]

They start today

[BillionzandBillionz]

Hey Mike.. Understanding that prior to now the client was doing 10k per month and moving forward they will be billing NYC 44k correct?

Is there any other debt on balance sheet now? IS the guarantor credit worthy? Were they profitable in 18 (and also YTD)? If yes to questions (unless there is a large bank note) then yes to being able to secure Capital they need.

Contracts must have a firm start date- and be verifiable. Touch base with Jared Lagemann our Partnership Director- jared@bccusa.com or call him on mobile 435-513-9010 to discuss.

RG

Business Capital Consultants USA
3237 Route 112 Suite 9
Medford, NY 11763

www.bccusa.com

yea Richard Gusmano is way too busy to look at your file directly, being that he is the CEO and Founder and all

But just reach out to Jared directly and skip the broker fees for going through Richard.

http://www.parkcitymortgage.com/lo_jared_lagemann.php

Jared Lagemann Sr. Loan Consultant
Jared moved his family to Park City in 2007 from the Tampa Bay, Florida. He has been originating loans for over 9 years and continues to service his clients in Florida along with those in the Park City Area. He has been involved in financial services for over 20 years. Jared was an equities trader and investment advisor for a major financial firm prior to the move to mortgage banking and continues to stay involved in the capital markets. His experience with high net worth clients and their particular corporate and personal situations has been a great addition to our team. The primary reason for his success comes from his personal investment in all of his clients loans. From the initial application through closing all loans are treated as if they were his own. He understands the underwriting guidelines in todayＴ ever changing marketplace and has never originated a loan that did not close!


Email Jared at Jared@parkcitymortgage.com

NMLS #315243

UT MLO #7734669

http://www.parkcitymortgage.com/lo_jared_lagemann.php

[RichardGerard]

yea Richard Gusmano is way too busy to look at your file directly, being that he is the CEO and Founder and all

But just reach out to Jared directly and skip the broker fees for going through Richard.

http://www.parkcitymortgage.com/lo_jared_lagemann.php

Jared Lagemann Sr. Loan Consultant
Jared moved his family to Park City in 2007 from the Tampa Bay, Florida. He has been originating loans for over 9 years and continues to service his clients in Florida along with those in the Park City Area. He has been involved in financial services for over 20 years. Jared was an equities trader and investment advisor for a major financial firm prior to the move to mortgage banking and continues to stay involved in the capital markets. His experience with high net worth clients and their particular corporate and personal situations has been a great addition to our team. The primary reason for his success comes from his personal investment in all of his clients loans. From the initial application through closing all loans are treated as if they were his own. He understands the underwriting guidelines in todayＴ ever changing marketplace and has never originated a loan that did not close!


Email Jared at Jared@parkcitymortgage.com

NMLS #315243

UT MLO #7734669

http://www.parkcitymortgage.com/lo_jared_lagemann.php

Thanks for the plug for Jared- he's a true pro.

[BillionzandBillionz]

Thanks for the plug for Jared- he's a true pro.

agreed you should start paying him a salary if you are going to blast his name around all day.