Results 1 to 13 of 13
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05-28-2021, 10:35 AM #1
- Join Date
- May 2021
- Posts
- 3
LOC besides BlueVine
Hi I'm looking to expand my database with Line of credit lenders. I have 2 deals merchants making more then 200k/month and are looking for LOC options their files are both Solid
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05-28-2021, 11:21 AM #2
- Join Date
- Jun 2015
- Posts
- 3,325
headway and idea
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05-28-2021, 11:22 AM #3
- Join Date
- Feb 2017
- Posts
- 3,450
Factors are a line of credit as well, using the AR as a borrowing base.
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05-28-2021, 11:35 AM #4
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,493
Some factors charge a service fee and interest on funds drawn. Some just charge services fees. In either case, the agreement is for a purchase of invoices not a line of credit. Borrowing Bases are used for asset based lines of credit or legered asset based lines of credit. These facilities are for companies generating much more revenues than $200K/Month.
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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05-28-2021, 11:40 AM #5
- Join Date
- Nov 2018
- Location
- Miami
- Posts
- 116
OnDeck offers an LOC with their prime programs.
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05-28-2021, 11:57 AM #6
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05-28-2021, 12:07 PM #7
- Join Date
- Aug 2018
- Location
- Clifton, NJ
- Posts
- 11
Ian Goldberg
Chief Risk Officer
FinTap
777 Passaic Ave, Suite 375
Clifton, NJ 07012
Phone: 973-685-2927
ian@fintap.com
www.fintap.com
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05-28-2021, 12:19 PM #8
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05-28-2021, 12:20 PM #9
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05-28-2021, 12:47 PM #10
- Join Date
- Nov 2018
- Location
- Miami
- Posts
- 116
Enova acquired on deck as well.
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05-28-2021, 01:08 PM #11
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05-28-2021, 01:11 PM #12
- Join Date
- Nov 2018
- Location
- Miami
- Posts
- 116
You can email Shawn - sgalley@enova.com shoot your shot.
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05-28-2021, 02:10 PM #13
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