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  1. #1

    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

  2. #2
    Senior Member Reputation points: 44858
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    Apr 2019
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    why don't you fund it ?

  3. #3
    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

  4. #4
    Banned Reputation points: 179851
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    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.

  5. #5
    Senior Member Reputation points: 81655
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    Quote Originally Posted by capfront View Post
    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!

    Maybe a Credit Card Split with a Structured Disbursement
    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

  6. #6
    Quote Originally Posted by ryan $ View Post
    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.
    I heard you're jacked

  7. #7
    Senior Member Reputation points: 44858
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    Apr 2019
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    Quote Originally Posted by FlexibleCapitalSolutions View Post
    I heard you're jacked
    he's 5'5" 190 lbs 6% BF

  8. #8
    Quote Originally Posted by fin4all View Post
    he's 5'5" 190 lbs 6% BF
    :: pats on head ::

  9. #9
    Senior Member Reputation points: 1519
    Join Date
    Aug 2020
    Location
    New York, NY
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    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

  10. #10
    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

  11. #11
    Senior Member Reputation points: 55949
    Join Date
    Dec 2015
    Posts
    574

    Quote Originally Posted by TheUnderwritingProdigy View Post
    :: pats on head ::

    I take it you’re a big guy..
    Do you remember love? That time you funded your first deal over 40K.....

  12. #12
    Quote Originally Posted by DonMcGrath View Post
    I take it you’re a big guy..
    1.49 meters

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