CALI deal
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  1. #1
    Senior Member Reputation points: 43599 brokerCompany's Avatar
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    CALI deal

    Cali restaurant supplier. 2M annual sales. Needs weekly. Not interested in 1.39+ rates.
    Excellent credit. Need 1.15-1.20 rates..

  2. #2
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    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.

  3. #3
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    Or if it's truly excellent credit, banks are great. Are we talking 700+ or 650+?

  4. #4
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    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

  5. #5
    Senior Member Reputation points: 73140 Olderguy's Avatar
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    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.

  6. #6
    Senior Member Reputation points: 227882
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    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?

  7. #7
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    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.

  8. #8
    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 information
    Benjamin Lugassy
    SOS Capital
    blugassy@soscapital.com
    P:212-235-5462
    F:212-235-5459
    www.soscapital.com

  9. #9
    Senior Member Reputation points: 5036 DiamondBL's Avatar
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    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

  10. #10
    Sounds like this is a prefect fit for hybrid
    Email us today Matthew@hybridadvancellc.com

  11. #11
    GOAT ADVANCE!

    Amanda Schuster
    Amanda@goatadvance.com
    443-797-9714

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