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08-21-2020, 02:13 PM #1
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- May 2020
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Business lines of credit lender needed
While looking for MCA clients, I have been running into people who need business lines of credit. They all want to now the interest rates. Any lender here wants to service these clients? I am ready to sign up with the right lender. Let me know what you offer.
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08-21-2020, 03:27 PM #2
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- May 2016
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- 90
Who have you tried? Not that many out there currently offering LOCs. Heres a few although you'll have to check with them to see what their current status is. https://www.funderintel.com/business-line-of-credit
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08-21-2020, 03:41 PM #3
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- May 2020
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I have worked with a couple in the past but no one lately as I have been concentrating on MCAs. I will take a look at what you sent. Thanks.
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08-21-2020, 03:53 PM #4
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- May 2016
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08-24-2020, 10:39 AM #5
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- Aug 2020
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If they're e-commerce businesses, you can refer them to Become who can put them in touch with lender(s) that are still doing LOCs.
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08-24-2020, 12:46 PM #6
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- May 2020
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08-24-2020, 01:13 PM #7
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- Feb 2017
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Bluevine started up again. Let me know if you aren't signed up, as they take a long time and to be a full ISO might take a year. Just got a $100k offer from them for a 12-month LOC at 15.22%.
However, if the client is really focused on the FULL underwriting, I can introduce you to some people who can help on the unsecured business lines of credit side.
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