Results 1 to 12 of 12
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03-22-2021, 10:30 AM #1
- Join Date
- Oct 2017
- Posts
- 62
Funding a Single Member LLC that Just Starting Operating Out of Business Account
Hi All,
We're looking to fund a personal trainer with about $15K/month in revenue, ADB around $500, 20 deposits/month, 1.25 years in business, 625 FICO, no MCAs, and has been operating out of a personal account until this month when she finally opened a business bank account. Who would fund this for $10-$15K with decent terms on a 1st position? We know Rapid used to take a look at this, but it seems like they stopped considering them post-COVID. Thanks!CapFront
210 Old Country Rd, Ste 101
Garden City, NY 11501
P:844-466-6394
info@capfront.net
www.capfront.net
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03-22-2021, 10:37 AM #2
- Join Date
- Apr 2019
- Posts
- 318
why don't you fund it ?
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03-22-2021, 10:42 AM #3
- Join Date
- Oct 2017
- Posts
- 62
Because we aren't a direct funder. We do have access to a couple of platforms that we could fund through directly, but we'd rather not unless we have no other viable options. We love syndicating, though!
CapFront
210 Old Country Rd, Ste 101
Garden City, NY 11501
P:844-466-6394
info@capfront.net
www.capfront.net
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03-22-2021, 11:03 AM #4
- Join Date
- Jun 2017
- Posts
- 2,049
ill go out max 40 days
Most likely not 15k
Or do a Flex Funding type of deal where she can build into a real 1st position deal. But no way right off bat.
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03-22-2021, 11:28 AM #5
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,956
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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03-22-2021, 02:17 PM #6
- Join Date
- Apr 2020
- Posts
- 192
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03-22-2021, 02:30 PM #7
- Join Date
- Apr 2019
- Posts
- 318
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03-22-2021, 02:35 PM #8
- Join Date
- Dec 2016
- Posts
- 379
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03-22-2021, 03:37 PM #9
- Join Date
- Aug 2020
- Location
- New York, NY
- Posts
- 123
We can take a look at this - assuming we can see those personal statements when we do BV.
We wouldn't do 15k though based on what you mentioned, potentially 5-7k as a starter with a 50-70 day term.
Thanks.Underwriting Desk | ClearFund Solutions | New York, NY.
P: 855-543-2133 E: deals@clearfund.co W: www.clearfund.co
_____________________________
ClearFund is a Direct Funder
ISO inquires: partners@clearfund.co
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03-22-2021, 05:21 PM #10
- Join Date
- Oct 2017
- Posts
- 62
Thanks for the feedback everyone. Just waiting on the merchant to let us know if she's willing to take a short-term/high factor deal and we'll take it from there.
CapFront
210 Old Country Rd, Ste 101
Garden City, NY 11501
P:844-466-6394
info@capfront.net
www.capfront.net
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03-25-2021, 06:02 PM #11
- Join Date
- Dec 2015
- Posts
- 610
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03-25-2021, 10:15 PM #12
- Join Date
- Dec 2016
- Posts
- 379
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