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Hybrid View
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12-20-2021, 12:50 PM #1
CALI deal
Cali restaurant supplier. 2M annual sales. Needs weekly. Not interested in 1.39+ rates.
Excellent credit. Need 1.15-1.20 rates..
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12-20-2021, 12:55 PM #2
- Join Date
- Feb 2017
- Posts
- 3,463
He has AR, you can probably get him a factoring line, can't you? Alternatively, Bluevine's LOC. California, which means you would need either a broker's license to submit, or you'd have to have him go through your personal Bluevine link.
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12-20-2021, 12:55 PM #3
- Join Date
- Feb 2017
- Posts
- 3,463
Or if it's truly excellent credit, banks are great. Are we talking 700+ or 650+?
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12-20-2021, 01:05 PM #4
700s I am always hesitant about having a client submit directly to bluevine portal. Bluevine would probably be half the offer as other MCAs.
thanks. Merchant revenues have declined a little so he may just have to take the MCA at 1.3ss
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12-20-2021, 01:17 PM #5
1. Has he applied for an EIDL loan? There is still time.
2. Does he qualify for SBA 7A? 10 year term @ 6%.
3. Personal loan 3 - 5 years 8%+ rate.
OnDeck, ARF, I'm sure there are others.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.
@ Private money equity and debt for major investments
@ Personal Loans up to gross income from personal tax return.
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12-20-2021, 01:17 PM #6
- Join Date
- Feb 2017
- Posts
- 3,463
Well, is rate more important than amount? If it's truly A+ paper, why would you assume 1.3x sell rate? There are several funders who can do better. Is it that they have to have 18 months or something, and you have to have 10 points?
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12-20-2021, 03:11 PM #7
- Join Date
- Oct 2021
- Location
- San Francisco
- Posts
- 15
Happy December!
We're currently taking on some new ISO's and are very competitive on your A-C paper deals.
We are not here to fund your high risk paper.
Clean paper with healthy balances is our go to with detailed AR reports.
We do run credit on every deal prior to funding but do not make our decision based off of the score.
We do not fund prior defaults or merchants with history of bankruptcy no matter the status.
Buy rates starting at 1.20.
Max upsell allowed. Commissions from 4% to as high as 16%.
Feel free to reach to so we can get acquainted.
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12-20-2021, 03:24 PM #8
- Join Date
- Dec 2019
- Posts
- 65
We offer up to 15 months on A paper MCA submissions and 24 months on Term Loan submissions. Feel free to reach out for additional information.
Def a deal we can get aggressive on. 1.15 on MCA s and 1.14. on our term loan product.
DM or email me for any additional informationBenjamin Lugassy
SOS Capital
blugassy@soscapital.com
P:212-235-5462
F:212-235-5459
www.soscapital.com
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12-20-2021, 06:58 PM #9
IOU and OnDeck would be good. Let me know if you need help.
Jonathan Kohanoff
B.R.E. #01962090
Diamond Business Loans
Beverly Hills, CA 90211
jon@diamondbl.com
www.DiamondBL.com
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01-12-2022, 01:31 PM #10
- Join Date
- Jan 2022
- Posts
- 12
Sounds like this is a prefect fit for hybrid
Email us today Matthew@hybridadvancellc.com
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01-12-2022, 01:36 PM #11
- Join Date
- Dec 2021
- Posts
- 30
GOAT ADVANCE!
Amanda Schuster
Amanda@goatadvance.com
443-797-9714
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