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10-07-2014, 04:33 PM #1
Any lenders doing 2 to 5 year loans?
I find there is a vacuum between a tradition bank loan and a merchant cash advance. Is there any non-traditional sources that are lending with a term between 2-5 years (with the exception of Cash Call) with a possible fixed APR?. I have a client that has excellent credit, but is looking for funding that is outside the parameters of a cash advance. One of my colleagues said there was a company doing 3-5 year terms with 14.99 apr. Any help would be appreciated. Kind Regards.
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10-07-2014, 07:15 PM #2
- Join Date
- Jul 2014
- Location
- Online
- Posts
- 965
Senor Mulford... You have my cell. You should use it.
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10-07-2014, 09:31 PM #3
I believe lending club, funding circle, and a few more are doing those loans- how they work with brokers is a diff story you would have to explore -
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10-07-2014, 09:49 PM #4
- Join Date
- Mar 2013
- Posts
- 33
Other thing is it depends on which state the merchant is located in as some of those funders don't cover all the states, some only cover a handful.
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10-07-2014, 11:40 PM #5
- Join Date
- Jul 2014
- Location
- Jackson Hole Wy
- Posts
- 732
there are a handful of guys doing terms from 2-5 years with monthly ACH or bi-weekly. THe company should be profitable and credit clean for 2 years. I can send you in right direction if you have a deal to work on
bzuniga@omegafund.com
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10-08-2014, 04:51 AM #6
- Join Date
- Dec 2013
- Location
- Florida, US
- Posts
- 31
Hi JeffMulford....There are many consultancies that provides the merchant cash advance UCC lists/data, you can reach out to business owners with your own custom strategy! All of the lists are updated monthly to ensure the most accurate information currently available. When it comes to finding new customers, UCC Lists are extremely beneficial. You can visit Merchant Financing Leads to get more information or can call on 1-877-730-4500.
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