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02-08-2020, 10:08 AM #1
Best next to bluevine
Who is the best MCA after bluevine?
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02-13-2020, 11:56 AM #2
- Join Date
- Aug 2019
- Posts
- 94
Blue isn't an MCA provider they offer LOC and now term loans. So try that questions again. Also no one is the best that's subjective use your head.
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02-13-2020, 12:20 PM #3
- Join Date
- Mar 2016
- Posts
- 335
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Bill Doody
Round Table Financial
Business Development Officer
bill@rtfinancialgroup.com
C: (949) 444-3346
www.rtfinancialgroup.com
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02-13-2020, 03:17 PM #4
- Join Date
- Feb 2017
- Posts
- 3,463
It only needs not be an MCA because their rates are legally under the usury laws. Although there is a PG, which "officially" an MCA doesn't have.
But I agree with Gables. "Best" is very subjective... and also from whose point of view? Merchant or Broker?
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02-20-2020, 05:23 PM #5
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02-19-2020, 12:17 PM #6
- Join Date
- Feb 2018
- Posts
- 1,349
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02-19-2020, 02:12 PM #7
- Join Date
- Jun 2019
- Posts
- 196
Their rates are excellent, they have a very simple online checkout process that requires virtually no documentation (usually just a void check), and they are willing to fund industries that most of the typical A lenders shy way from (i.e. trucking and construction)
The one big downside they have is that they only pay out commissions monthly, so if you close something at the beginning of February, you wouldnt get paid until mid March.
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02-19-2020, 05:35 PM #8
- Join Date
- Dec 2013
- Posts
- 4,713
Bluevine in league of its own! Great CEO! -- i would not be surprised if they start acquiring some other funding related A paper kind of establishments either leasing or Brex like companies. . (that's just my gutt feeling -- ive been wrong before).
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
覧覧覧覧覧覧覧覧覧覧覧覧覧
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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02-20-2020, 01:10 PM #9
bluevine maxes out at 100k, and in 90% of cases that's 40k or less.
how are the great in any other way other than cheap rates?Anthony Diamond
Underwriter
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02-20-2020, 01:13 PM #10
- Join Date
- Jun 2019
- Posts
- 196
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02-20-2020, 02:24 PM #11
- Join Date
- Dec 2017
- Posts
- 238
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02-20-2020, 06:33 PM #12
- Join Date
- Feb 2020
- Posts
- 2
Not true have had 150k + from them and 120k on table right now
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02-26-2020, 01:50 PM #13
- Join Date
- Aug 2019
- Posts
- 94
they actually pay while ya'll steal?
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02-20-2020, 01:21 PM #14
- Join Date
- Jun 2015
- Posts
- 3,326
huh i funded 200k this week and had 250k approvals . 100k is max for without asking for a million stips
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02-20-2020, 02:11 PM #15
- Join Date
- Apr 2013
- Location
- Basalt CO
- Posts
- 867
I get very few approvals, and when i get the rare approval it is such a small amount, that it does the merchant no good.
I dont understand how everyone has such success with them.I put my contact info in here, and
was bombarded with spam from funders
if you need to reach me PM me
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02-20-2020, 02:19 PM #16
- Join Date
- Oct 2016
- Posts
- 4,318
my experience with Bluevine is to expect half of the approval amount you were expecting.
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02-20-2020, 02:21 PM #17
- Join Date
- Jun 2019
- Posts
- 196
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02-20-2020, 03:28 PM #18
- Join Date
- Nov 2014
- Location
- Fort Lauderdale, FL
- Posts
- 66
Bluevine is an excellent lender. I get great approvals from them. In my experience, they are approving up to 70% of monthly deposits. But you need to educate the merchant very well on how to use their LOC. Bluevine also suspends their LOC if they see the merchant stacks or if they see any negative trend in sales.
William R. Mateo
Mateo Capital Group
Tel: (954)802-2833|Fax: (888)860-1508
http://www.mateocapitalgroup.com
Supporting Common Sense Financing!
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02-20-2020, 04:35 PM #19
I posted in other thread BV is now accepting applications for business checking accounts. Making it easier for them to offer their products. The game continues to evolve.
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02-21-2020, 08:28 AM #20
- Join Date
- Feb 2019
- Posts
- 124
they do online checkout up to 150k..
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02-21-2020, 02:23 PM #21
- Join Date
- Feb 2018
- Posts
- 1,349
https://www.bluevine.com/term-loan/ both LOC and Term loans on website list up to $250,000. It also lists they do invoice factoring up to $5M
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02-21-2020, 02:29 PM #22
ease of closing and cost of capital is great I'm sure, they are a very corporate company.
doesn't mean they're great.
are they even "MCA" technically?
best MCA after Bluevine if I had to assume would be Amex or Chase - Paypal or Shopify for online merchantsAnthony Diamond
Underwriter
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02-21-2020, 02:35 PM #23
- Join Date
- Feb 2018
- Posts
- 1,349
BlueVine’s Flex Line of Credit and Term Loan is issued by Celtic Bank, a Utah-chartered Industrial Bank- I would say no, they are not an MCA product.
ODC- "Depending on the state where your business is located and other attributes of the loan, your business loan may be issued by Celtic Bank, a Utah-Chartered Industrial Bank, Member FDIC. Your loan agreement will identify the loan issuer prior to your signing."
Utah Banks have been busy!Last edited by fundingsmbs; 02-21-2020 at 02:40 PM.
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02-26-2020, 06:42 PM #24
LoanMe offers monthly term loans; 2, 5 and 10 years. We work with any Valid FICO as long as they have 25% ownership of the business, and an open and funded business bank account for 90 days. Let us know if we can help. Most people tend to come over to us after getting sick of daily and weekly MCA's.
Justin Pla
LoanMe Small Business Loans National Account Manager
justin.pla@loanme.com
Office: (949)535-7798
Direct: (949) 535-7171
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02-27-2020, 12:56 PM #25
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