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02-24-2020, 04:28 PM #1
- Join Date
- Feb 2020
- Posts
- 2
Best A Paper Lenders For New Business Owners
Have a client with great credit, great clean 1st position, business been around for 20+ years but he just bought the business in last 7 months - any suggestions?
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02-24-2020, 04:31 PM #2
- Join Date
- Jul 2015
- Posts
- 1,202
Loan.
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02-24-2020, 04:43 PM #3
Fox can take a look at this file, following a clean 1st is what we are best at. Minimum TIB is 6 months.
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02-24-2020, 04:53 PM #4
- Join Date
- Feb 2017
- Posts
- 3,416
Bluevine will look at a file that's 6 months TIB. They're definitely a big contender for A-paper these days.
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02-24-2020, 05:09 PM #5
- Join Date
- Apr 2018
- Posts
- 20
LoanMe offers monthly Term loans up to $25oK for A Paper.
Give us a call and let's review the file.Elizabeth Peters
LoanMe Small Business Loans
(949) 535-7798
Your home for payment loans
1900 S State College Blvd. Suite 300 Anaheim, CA 92806
www.loanme.com/smallbusiness
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02-24-2020, 05:14 PM #6
- Join Date
- Dec 2013
- Posts
- 4,713
Mantis funds with the new establishment only 3 Months in business! (at times can be 10 weeks of deposits)
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
——————————————————————————
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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02-24-2020, 05:51 PM #7
Does he have collateral? We can structure a working capital loan with monthly payments, up to 60 month term. If he's looking to fund the acquisition of equipment, we can help with that too.
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02-25-2020, 11:44 AM #8
- Join Date
- Oct 2019
- Posts
- 49
Alevy-Consider The Smarter Merchant & visit The Smarter Merchant's Facebook page:*https://www.facebook.com/groups/thesmartermerchant/*
SPRING 2020 UW GUIDELINES:
PREMIUM- 3-10 MONTHS - 1.15 - 1.25 BUYRATES - UPSELL TO 15 POINTS - BUYOUT INTO 1st POSITION -1st AND 2nd POSITIONS- DAILY/WEEKLY OPTIONS - 675 FICO - 30k MINIMUM MONTHLY SALES - UP TO 2 DAYS NEGATIVE - 30 MONTHS MINIMUM TIME IN BUSINESS
STANDARD- 3-9 MONTHS - 1.21 - 1.32 BUY RATES - UPSELL TO 12 POINTS - BUYOUT INTO 1st AND 2nd POSITION - 1st - 3rd POSITION FUNDING - DAILY/WEEKLY OPTIONS- 550 FICO - 10k MINIMUM MONTHLY SALES - UP TO 5 DAYS NEGATIVE - 12 MONTHS MINIMUM TIME IN BUSINESS
HIGH RISK- 2.5-5 MONTHS - 1.28 - 1.37 BUY RATES - UPSELL TO 10 POINTS - NO CONSOLIDATIONS - 1st-6th POSITION FUNDING - DAILY PAYMENTS ONLY - NO CREDIT SCORE MINIMUM - 10k MINIMUM MONTHLY SALES - UP TO 7 DAYS NEGATIVE- 6 MONTHS MINIMUM TIME IN BUSINESS
John Galante
The Smarter Merchant
ISO Relations
Johng@thesmartermerchant.com
C: 347-377-1273
P: 888-262-7171
F: *646-219-2731
www.thesmartermerchant.com
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02-25-2020, 11:52 AM #9
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,481
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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02-25-2020, 12:02 PM #10
- Join Date
- Jul 2015
- Location
- Tampa Florida
- Posts
- 498
We fund credit card split deals starting at 3 months in business as long as the processing volume is stable and trending upward. We like them to be averaging at least $6,500 per month in processing to qualify for our minimum $5,000 deal.
Jason H l Sales & Business Development
Quikstone Capital Solutions l Tampa FL
Direct Line & Mobile 813-371-8233 l Fax 813-371-8233 l Text 727-492-8812
Jason.Hausle@quikstonecapital.com
www.quikstonecapital.com
Direct Lender Since 2005
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02-25-2020, 03:44 PM #11
- Join Date
- Jan 2020
- Location
- Brooklyn, New York
- Posts
- 124
Lending Valley, Inc can get it done. We require only 3 months in business! My email is below, you can also give me a call to discuss what works best for the merchant.
Clark Sica
Business Development Manager
Lending Valley, Inc.
Office Line: 347-478-5161
Mobile Line:347-536-0528
Fax: 1-888-850-1971
www.LendingValley.com
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03-04-2020, 09:55 AM #12
- Join Date
- Feb 2020
- Posts
- 5
With 700+ credit we could look at getting him an unsecured loan. Up to 200k on 3, 5 or 7 year terms rates fixed about 6% to 12%. There are no TIB requirements if the owner has 700+ credit.
Feel free to give me a call if you'd like to discuss at 240-345-3314.
Thanks,
Sam Tiburzi with Finance Factory
sam@financefactory.com
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