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  1. #1

    Line of credit

    Is there anyone besides ondeck that offers lines of credit?

  2. #2
    Senior Member Reputation points: 149821
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    2,517

    If you're talking sub-prime, then Bluevine and Rapid
    If you're talking prime, then you need banks, and you need help, no worthwhile doing it yourself unless it's your ONLY product.
    And just like an MCA is not a loan, but functions as a term loan, factoring while not a LOC, can function as one. I wrote up a little bit about it here: https://www.abfunders.com/business-l...ine-of-credit/
    Micah Markowitz | mmarkowitz@abfunders.com | 314-396-2828 | abfunders.com

  3. #3
    Quote Originally Posted by Fundthis! View Post
    Is there anyone besides ondeck that offers lines of credit?
    there are a few others, when you googled it, what did you search? How long have you been in this industry? curious. then ill add the other companies

  4. #4
    Senior Member Reputation points: 8853 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    253

    ARF Financial,
    Steve Benjamin
    Professional Business Loans

    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    949.228.1050

    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 6% and up
    @ Equipment financing up to 6 years
    @ Property loans - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ SBA EIDL 2nd draw still valid...
    @ Homeowner loan 2nd position- 15 year 8.99% no lien
    @ Private money equity and debt for major investments

  5. #5

    Loc

    Quote Originally Posted by Fundthis! View Post
    Is there anyone besides ondeck that offers lines of credit?
    Rapid goes up to 55K, 550 credit and pays 4% on each draw.

  6. #6
    greenwich capital

  7. #7
    Yes, we work with many other LOC lenders besides On Deck. Give us a call today (646) 937-5522


    https://upwisecapital.com/business-line-of-credit/

  8. #8
    Quote Originally Posted by Fundthis! View Post
    Is there anyone besides ondeck that offers lines of credit?
    Hey fundthis!

    We have unsecured bank lines of credit available.

    *4-7%APR
    *Revolving
    *Interest Only Payments
    *up to 250K per line

    Please reach out however you please to get signed up and discuss more.

    Greg Derwin
    Financial Lynx
    347 430 8294
    greg@financiallynx.com
    https://www.financiallynx.com/

  9. #9
    Senior Member Reputation points: 8853 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    253

    Greg:

    You might want to add this to your post.

    https://debanked.com/2021/12/how-a-f...ker-servicing/

    And you might mention about the 3rd party fee agreement.
    If you want to attract broker clients, show how your fees and commissions compare to the other guys. Give someone a reason to use your company. Term and conditions don't mean anything. That doesn't sell what you can offer. How can you help a broker make more money than the other guys.
    Last edited by Olderguy; 01-14-2022 at 09:07 PM.
    Steve Benjamin
    Professional Business Loans

    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    949.228.1050

    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 6% and up
    @ Equipment financing up to 6 years
    @ Property loans - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ SBA EIDL 2nd draw still valid...
    @ Homeowner loan 2nd position- 15 year 8.99% no lien
    @ Private money equity and debt for major investments

  10. #10
    Quote Originally Posted by Olderguy View Post
    Greg:

    You might want to add this to your post.

    https://debanked.com/2021/12/how-a-f...ker-servicing/

    And you might mention about the 3rd party fee agreement.
    If you want to attract broker clients, show how your fees and commissions compare to the other guys. Give someone a reason to use your company. Term and conditions don't mean anything. That doesn't sell what you can offer. How can you help a broker make more money than the other guys.
    Thanks Steve. Any potential partner that calls learns everything they need to know, I tell them all the same thing.

  11. #11
    Send it over! iso@capital-infusion.com, cc: josh@capital-infusion.com

    We do not do traditional lines of credit, however we do have a hybrid line of credit program where we will approve a merchant up to a max amount and he/she can take as much as they’d like and leave the rest in reserves.

    We have no bank charter so have the freedom and flexibility to do logic-based underwriting. Call me directly and let me know what you need to get it done. We like to get funky 305-306-3060

    - A-/C+ paper (no high risk)
    - 1-4 positions
    - Monthly/weekly remittance
    - Max Approval: $500k
    - Max Term: 15 months
    - Max Upsell: 13 pts

    Send all deals to iso@capital-infusion.com, cc: josh@capital-infusion.com

    Josh Waxman
    VP Sales & Business Development
    E: josh@capital-infusion.com
    P: 305-306-3060

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