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  1. #1

    Merchant recently funded looking for line of credit

    Funded a merchant 50k last month and he's shopping around for an LOC that got shopped back to me today. What can this merchant expect to get? He does 50-60k a month.

  2. #2
    Senior Member Reputation points: 7232 NationalCorporateData's Avatar
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    A true LOC would be with BlueVine, Headway, or Idea but none would take a second position and there likely isn't enough of a seasoning period from the funding last month to warrant a buyout of the existing first position.

    An option could be a "strategic line of credit" through the credit card stacking program that Seek or Torro offer, if the merchant has strong credit.

  3. #3
    Senior Member Reputation points: 16870
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    Add midwest capital to torro...i believe they usually offer more. Business credit cards...crefit minimum 700...other factors matter. The big factor is what percentage of usage are they at

  4. #4
    Senior Member Reputation points: 18935
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    Lowkey seems like he was told he would get a credit line a month after taking your deal.. In addition to golf's reply- all payments among other variables are calculated in the risk assessment- advances, loans, leases, etc. If you do get an offer I wouldn't expect more than 5-10k.

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