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  1. #1
    Senior Member Reputation points: 10961
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    Line of credit

    Is there anyone besides ondeck that offers lines of credit?

  2. #2
    Senior Member Reputation points: 216519
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    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/

  3. #3
    Senior Member Reputation points: 15569
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    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: 66298 Olderguy's Avatar
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    ARF Financial,
    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.

  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: 66298 Olderguy's Avatar
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    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 08:07 PM.
    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.

  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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