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  1. 12-16-2021, 11:33 AM #1
    rssbrncjr
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    Line of Credit

    Looking for a LOC for one of my merchants. Currently is in a 350k MCA. He only wants an LOC moving forward.
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  2. 12-16-2021, 11:47 AM #2
    fundingsmbs
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    than call bluevine headway or idea
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  3. 12-16-2021, 12:07 PM #3
    rssbrncjr
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    Do you have contact person and number?
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  4. 01-13-2022, 12:49 PM #4
    Kevin Henry-Seacoast
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    Quote Originally Posted by fundingsmbs View Post
    than call bluevine headway or idea
    Then..... The difference between knowing your crap vs. knowing you're crap.....
    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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  5. 01-12-2022, 03:48 PM #5
    excelcap
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    Greenwich capital is accepting new isos for our MCA and LOC Programs - we go out to 13 months, do weekly and biweekly payments and fund 1-4th. Please email Inquiries@gcmcapitalgroup.com to sign up!
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  6. 01-13-2022, 10:13 AM #6
    fundingsmbs
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    does anyone have experience with Rapids new LOC? Is it a true LOC?
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  7. 01-13-2022, 10:21 AM #7
    Olderguy
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    Quote Originally Posted by fundingsmbs View Post
    does anyone have experience with Rapids new LOC? Is it a true LOC?
    $55,000 maximum - too little.
    Steve 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.
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  8. 01-13-2022, 11:22 AM #8
    excelcap
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    We do LOC's upto a milly - send us some paper and you will be impressed with our offers.

    Quote Originally Posted by Olderguy View Post
    $55,000 maximum - too little.
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  9. 01-13-2022, 11:38 AM #9
    mcaexplainer
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    Quote Originally Posted by excelcap View Post
    We do LOC's upto a milly - send us some paper and you will be impressed with our offers.
    What are the rates charged for your LOC?
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  10. 01-13-2022, 01:17 PM #10
    excelcap
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    Quote Originally Posted by mcaexplainer View Post
    What are the rates charged for your LOC?
    our lowest rate is 2.5% a month upto 5% we average at 3.25
    Last edited by excelcap; 01-13-2022 at 01:18 PM. Reason: forgot to quote
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  11. 01-13-2022, 12:54 PM #11
    Kevin Henry-Seacoast
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    Quote Originally Posted by rssbrncjr View Post
    Looking for a LOC for one of my merchants. Currently is in a 350k MCA. He only wants an LOC moving forward.
    It sounds like your prospect is rate sensitive and truly wants a revolving facility. I would suggest contacting a bank that has a non-bank asset based line product or factoring product. There are over 30 banks in the US that offer these products.
    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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  12. 01-13-2022, 01:16 PM #12
    excelcap
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    Quote Originally Posted by Hedley Lamarr View Post
    It sounds like your prospect is rate sensitive and truly wants a revolving facility. I would suggest contacting a bank that has a non-bank asset based line product or factoring product. There are over 30 banks in the US that offer these products.
    Greenwich's LOC Revolves and we are not a bank!
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  13. 01-13-2022, 01:35 PM #13
    fundingsmbs
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    LOC's are the big buzz right now. Customers prefer those when possible because they can draw when they want and only pay interest on what they draw.
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  14. 01-13-2022, 02:04 PM #14
    fundingsmbs
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    Fundthrough acquired Bluevine's factoring business.
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  15. 01-13-2022, 02:07 PM #15
    Kevin Henry-Seacoast
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    Quote Originally Posted by fundingsmbs View Post
    Fundthrough acquired Bluevine's factoring business.
    Yep-Announced this morning.
    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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