[chris92]

Was wondering what companies would be good to partner with for LOC. Have only messed around with MCA's and am trying to venture out a little.

[Kevin Henry-Seacoast]

Was wondering what companies would be good to partner with for LOC. Have only messed around with MCA's and am trying to venture out a little.

Chris92,

We are Seacoast Business Funding, a division of Seacoast Bank. We offer flexible working capital facilities in the forms of factoring and asset based lines of credit. www.seacoastbf.com is our website. If you send me an e-mail, I would be happy to send some information about us.

Best.

Kevin

[abfunders]

Chris, the issue you'll find with LOCs is how to make sure that your reps are paid. There are solutions, but you have to understand how LOCs work. You can make big numbers if you're finding large factoring or asset-based deals, like what Kevin likes doing.

If you're looking for UN-secured LOCs, Bluevine is your best sub-prime player (although even they need 620+ FICO).

For prime-market players (700+ FICO), there are a whole bunch of banks and the like, and will depend on if they're looking for business LOCs or if you can help sell the 0 APR credit cards. You're going to want a partner who can do it for you and you'll just take fewer points so that you can focus on your main money-makers and they'll pay you. Shoot me an email, I can introduce you.