[rssbrncjr]

Merchant had 2 positions with me. Advantage and GFE. Merchant then received a Consolidation from silverline. He has paid off his balance with GFE and all he has left is the consolidation and Advantage. Please tell me how he can get into a LOC. Thanks for your help. Merchant always pays never an issue. good guy

[Kevin Henry-Seacoast]

What does the business do?
How much revenue was there in 2019 and what is YTD revenue?

We offer asset based lines of credit and factoring failities.

KH

[FCG]

Every merchant wants a loc. If he qualified he would've had one already.

[rssbrncjr]

I am not up with Lenders that offer LOC

[Magicmike18]

try fundbox

[rssbrncjr]

Construction/ Real Estate
2019 1.3mm in revenue
YTD is on course to do the same as previous year

[rssbrncjr]

What does the business do?
How much revenue was there in 2019 and what is YTD revenue?

We offer asset based lines of credit and factoring failities.

KH

Construction/ Real Estate
2019 1.3mm in revenue
YTD is on course to do the same as previous year

[NationalCorporateData]

Credit line providers are BlueVine, Fundbox, Kabbage, OnDeck, and Idea Financial. Several funders off concurrents, like CAN, ARF, and GRP, that are structured similarly as non-revolving facilities.

With two existing positions, BlueVine, OnDeck, and Idea are out of the picture; Kabbage isn't funding new business, so Fundbox would be the only option outside of an asset-based facility like Kevin can provide.

[ridextreme]

You forgot the most important factor which is his personal credit. LOC's are harder to get approved for, usually require more financials, and pay a lot less than a traditional MCA. I can almost guarantee you if I spoke with him he would have another first position but I'm not gonna brag.