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  1. #1
    Senior Member Reputation points: 6465
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    customer $1.5M offer from Kingdom Kapital at 1.27 over 10 months. Who are the lender

    Old customer called and has this offer looking for a lender who can beat these numbers

    Mike

  2. #2
    Senior Member Reputation points: 81655
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    Quote Originally Posted by michaelh View Post
    Old customer called and has this offer looking for a lender who can beat these numbers

    Mike
    I'm unaware of the funder - Better question, you have a business owner that qualifies for $1.5 Million?
    I'm will assume they can service the debt - why would they even consider an MCA @ 1.27?

    Without knowing additional details, A/R Factoring, SBA7(a), Hard Money Loan with better interest rate and longer term
    should be options.
    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

  3. #3
    Member Reputation points: 10
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    Apr 2021
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    Greenwich CT
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    13

    kingdom is a random broker shop...doubt that offer is real

  4. #4
    Senior Member Reputation points: 3610
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    Nov 2018
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    Miami
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    bait & switch tactic

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