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  1. #1
    Member Reputation points: 296
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    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

  2. #2
    Quote Originally Posted by alex.isak View Post
    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
    Idea Financial.. they just have couple requirements.. I also use Fundbox but their commissions are 1-2 %... need other options as well :/

  3. #3
    Senior Member Reputation points: 68233
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    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

  4. #4
    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

  5. #5
    Senior Member Reputation points: 6278
    Join Date
    Mar 2016
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    186

    Quote Originally Posted by RichardGerard View Post
    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
    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.

  6. #6
    Member Reputation points: 971 Ultimatecloser's Avatar
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    Jul 2017
    Location
    South Florida
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    36

    Quote Originally Posted by alex.isak View Post
    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

    Good morning I may be able to assist you on those LOC. Need more intell.
    Leverage Capital Associates
    Robb Payne
    Managing Partner
    Direct (561)440-3517
    robb@levcapconsulting.net


  7. #7
    Senior Member Reputation points: 66298 Olderguy's Avatar
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    Sep 2021
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    Irvine, CA
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    2,082

    Quote Originally Posted by Ultimatecloser View Post
    Good morning I may be able to assist you on those LOC. Need more intell.
    website link on your signature is no good.
    Steve Benjamin
    Professional Business Loans

    1012 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.

  8. #8
    Quote Originally Posted by alex.isak View Post
    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
    We specialize in line of credit.
    Lashelle Cobham | Team Lead
    Tampa FL, 33624
    Cell: 813.599.7048
    E-mail: lashelle@maximumcapitalgroup.com
    Visit us: www.maximumcapitalgroup.com

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