Results 1 to 8 of 8
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08-06-2021, 04:58 PM #1
- Join Date
- Mar 2019
- Location
- NEW YORK
- Posts
- 30
Who offers real Line Of Credit option - LOC
Recently did some line of credit deals with Ondeck but there is just not enough juice on LOCs vs their "term loan product", can anyone recommend some better options for LOC option
Thank you in advance
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08-31-2021, 05:13 PM #2
- Join Date
- Jun 2021
- Posts
- 42
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09-01-2021, 09:32 AM #3
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Barbarag;
Banks offer lines of credit with strong FICO scores- in many instances- to get depositors. Depending on the clients location, we work with several large footprint banks that do this for us and themselves.
We posted yesterday about this-
While Idea and others (Headway, BlueVine et al) do this, the cost of capital from an APR perspective is HIGH.
richard@bccusa.com
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09-02-2021, 01:47 PM #4
- Join Date
- Aug 2021
- Posts
- 69
Hello,
We have a Line of credit product that we can provide. I need a tri merge credit report with a 680 credit score across all three bureaus. We pay 2.5% of the total amount funded at the beginning of the relationship with room to gain more percentage points. Give me a call or shoot me an email. Looking forward to helping.
Brandon Dressler
brandon@preferredfundinggroup.com
815-878-0244
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09-05-2021, 05:33 PM #5
- Join Date
- Mar 2016
- Posts
- 186
Yea but Headway and Idea is unsecured to the best of my knowledge and takes 1-2 days to fund. Additionally, they would do smaller amounts. I can't imagine your banks would fund a client doing 30K a month etc...correct me if I'm wrong but I think the two LOC's (fintech firm vs. banks) solve issues for different types of clients.
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09-29-2021, 10:16 AM #6Leverage Capital Associates
Robb Payne
Managing Partner
Direct (561)440-3517
robb@levcapconsulting.net
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09-29-2021, 11:10 AM #7Steve Benjamin
Professional Business Loans
522 Contessa
Irvine, CA 92620
steveprobiz@gmail.com
https://probizloans.net/
Broker, Underwriter, general business loan expert
949.228.1050
@ 24 hour funding working capital loans
@ Term loans from 3 years to 10 years at 9.5% and up
@ Equipment financing up to 7 years
@ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
@ SBA loans - 7A and 504.
@ Private money equity and debt for major investments
@ Personal Loans up to gross income from personal tax return.
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12-26-2021, 05:34 PM #8Lashelle Cobham | Team Lead
Tampa FL, 33624
Cell: 813.599.7048
E-mail: lashelle@maximumcapitalgroup.com
Visit us: www.maximumcapitalgroup.com
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