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  1. #1
    Senior Member Reputation points: 35477 brokerCompany's Avatar
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    Best next to bluevine

    Who is the best MCA after bluevine?

  2. #2
    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.

  3. #3
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    Quote Originally Posted by Gables Capital Group View Post
    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.
    .....i like that
    ---
    Bill Doody
    Round Table Financial
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  4. #4
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    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?
    Micah Markowitz | mmarkowitz@abfunders.com | 314-396-2828 | abfunders.com

  5. #5
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    Quote Originally Posted by brokerCompany View Post
    Who is the best MCA after bluevine?
    what makes bluevine the best in your opinion

  6. #6
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    Quote Originally Posted by fundingsmbs View Post
    what makes bluevine the best in your opinion
    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.

  7. #7
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    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

  8. #8
    Senior Member Reputation points: 42975 ADiamond's Avatar
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    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

  9. #9
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    Quote Originally Posted by ADiamond View Post
    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?
    For the other reasons I mentioned above, but you are correct that they max out at 100K and can be conservative on dollar amount
    Last edited by MCN; 02-20-2020 at 01:32 PM.

  10. #10
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    huh i funded 200k this week and had 250k approvals . 100k is max for without asking for a million stips

  11. #11
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    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

  12. #12
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    my experience with Bluevine is to expect half of the approval amount you were expecting.

  13. #13
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    Quote Originally Posted by WestCoastFunding View Post
    my experience with Bluevine is to expect half of the approval amount you were expecting.
    Agreed. Expecting half the amount is a good expectation, but sometimes they suprise you. Recently closed a 60K 12 month deal with them where the rest of my offers were in the 40K-50K 7-8 month range.

  14. #14
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    Quote Originally Posted by ADiamond View Post
    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?
    Bluevine is transparent, fast, low rates, great team and a pleasure to work with. Wish I could say the same about cap stack and their subsidiaries.

  15. #15
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    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!

  16. #16
    Senior Member Reputation points: 7556 cmarks's Avatar
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    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.
    Chris Marks
    funderintel.com

  17. #17
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    Quote Originally Posted by Gables Capital Group View Post
    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.
    I did not say bluevine was MCA, I asked who was the best MCA after bluevine so read again.. In terms of rates. But I have solved my own question. I realize most on this thread are inexperienced and offer nothing new from what we already are set up with.

  18. #18
    Not true have had 150k + from them and 120k on table right now

  19. #19
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    they do online checkout up to 150k..

  20. #20
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    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

  21. #21
    Senior Member Reputation points: 42975 ADiamond's Avatar
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    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 merchants
    Anthony Diamond
    Underwriter

  22. #22
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    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.

  23. #23
    they actually pay while ya'll steal?

  24. #24
    Member Reputation points: 10 LoanMe_JP's Avatar
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    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

  25. #25
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    Quote Originally Posted by LoanMe_JP View Post
    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.
    Not in your state for this deal. Loanme is ok as long as your computer programs tells you what to do

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