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08-31-2020, 07:04 PM #1
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Line of credit funders
Hi all, I’m wondering if any of you can recommend a good place to go for lines of credit?
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08-31-2020, 07:07 PM #2
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Blue vine ,headway and odc
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08-31-2020, 07:45 PM #3
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Thanks achi
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09-01-2020, 03:21 AM #4
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You can find an LOC through Become's marketplace - they've got 50+ lenders in their network and they use their algorithms to find the lenders that are best fit to your business's financial needs.
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09-01-2020, 09:40 AM #5
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There was just a thread on this https://dailyfunder.com/showthread.p...ht=line+credit
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09-02-2020, 12:27 PM #6
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Headway works with brokers/ISO's now?
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09-03-2020, 04:04 PM #7
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09-06-2020, 07:13 AM #8
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09-07-2020, 03:55 PM #9
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Always had decent success with BlueVine. Got an email that they are funding LOCs again.. has anyone gotten anything funded with them recently?
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09-07-2020, 04:14 PM #10
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09-07-2020, 11:32 PM #11
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09-10-2020, 09:07 AM #12
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It appears BlueVine secured a new or extension of their credit facility.
Hedley Lamarr......That's Hedley
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09-13-2020, 06:52 AM #13
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09-14-2020, 06:28 PM #14
Any other lenders that offer larger LOC or ABL? 500k-1M++??
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09-15-2020, 05:09 AM #15
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09-16-2020, 06:47 PM #16
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09-17-2020, 04:47 AM #17
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It will be very hard to find a legitimate lender that will offer a LOC or ABL deal for a company with one debtor. ABL/LOC is almost non-existent for a company with 100% customer concentration. Usually non-bank lenders will set limits at a maximum of 50%.
-Have you credit checked the debtor to see if they are eligible for credit insurance?
-Does the balance sheet support the debtor if they don't pay?
If the answer to the above is no, you will have a tough time even finding a legitimate factoring deal for the company.Hedley Lamarr......That's Hedley
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