Results 1 to 14 of 14
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01-06-2022, 02:50 PM #1
- Join Date
- Aug 2020
- Location
- 7125 Peri Lane Brooklyn Ny 11234
- Posts
- 113
Anyone funding furniture?
First position currently nothing outstanding. Gross 2.2 Million a year. Clean bank, looking for 100k. Personal credit good/business credit not so much. Will not take daily, weekly only.
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01-06-2022, 02:59 PM #2
- Join Date
- Feb 2017
- Posts
- 3,425
Why is the business credit bad? Or is it just not developed? Is that why the Ondeck/IOU/SOS/etc places rejected it already?
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01-06-2022, 03:10 PM #3
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,483
MagicMike,
Are they a manufacturer or retailer of furniture? Retailer you may look to a specialty inventory finance company like CrossRoads. Manufacturer-seek a small factoring company.
KHKevin 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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01-06-2022, 03:34 PM #4
- Join Date
- Aug 2021
- Posts
- 120
Might be able to get something for you here on weekly terms and strong prepays. Email me andrew@efinancialtree.com
Andrew@efinancialtree.com
eFinancial Tree
C: 815 260 0284 (Call or Text)
Submissions@efinancialtree.com
https://www.efinancialtree.com/
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01-06-2022, 03:43 PM #5
- Join Date
- Apr 2021
- Posts
- 121
Sounds like this is a prefect fit for hybrid
Email us today kevin@hybridadvancellc.com
5k minimum funding -NO MAX $$$
- 15-20 minute response time
- 2nd - 5th position
- Terms up to 120 days (weekly's upon approval)
- 1.39 buy rates
- Max Upsell to 15 points!
- 35k a month average revenue
- Minimum of 5 deposits per month
- Commission paid after 3rd debit clears! (4 days)
- Minimal stips (DL & VC)
- Early Payoff Discounts
- Docusign Contracts
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01-06-2022, 03:58 PM #6
Furniture manufacturer or retailer? either way we fund both but the offer will depend on where their income comes from.
We do not check credit, business or personal, so that wont be an issue.
We offer weekly on all offers so that wont be an issue.
Feel free to send it if you want an offer.
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01-06-2022, 04:11 PM #7
- Join Date
- Dec 2021
- Posts
- 30
GOAT ADVANCE!
Amanda
Amanda@goatadvance.com
443-797-9714
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01-06-2022, 05:14 PM #8
A suggestion, when you post requests for response to deals, you should try to be more specific. Industry, what kind of loan expected - term, equipment, A/R financing, etc., rate and term desired, Fico, any other W/C debt, collateral. This one, for example, if they have business assets, Fico 660, making money - could get $150,000 10 year at 6%.
Last edited by Olderguy; 01-06-2022 at 05:32 PM.
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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01-06-2022, 06:49 PM #9
- Join Date
- Aug 2020
- Location
- 7125 Peri Lane Brooklyn Ny 11234
- Posts
- 113
Its a furniture retail store they don’t do any manufacturing at all.
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01-06-2022, 07:29 PM #10
They have business assets...every company does.
Is their Fico 660 or better
Are they making money on the last two years business tax returns?
Do they any personal assets like a home?
They do have inventory is it paid for?
If he can wait a month and has 660 Fico or better I can get him a personal equal to the income showing his personal tax return. 8% 3 - 5 year term, monthly payment.
I am sure there a plenty of guys here who can do that as a weekly MCA.Last edited by Olderguy; 01-06-2022 at 08:28 PM.
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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01-07-2022, 12:24 PM #11
- Join Date
- Jul 2015
- Location
- Tampa Florida
- Posts
- 498
We can look at this on credit card split if you haven't found a home for it yet.
Jason H l Sales & Business Development
Quikstone Capital Solutions l Tampa FL
Direct Line & Mobile 813-371-8233 l Fax 813-371-8233 l Text 727-492-8812
Jason.Hausle@quikstonecapital.com
www.quikstonecapital.com
Direct Lender Since 2005
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01-11-2022, 11:42 AM #12
- Join Date
- Nov 2021
- Posts
- 52
Sound like something we would take a look at.
Send it to admin@eminentfunding.com
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01-11-2022, 01:18 PM #13
- Join Date
- Nov 2020
- Posts
- 14
I do not fund first positions with previous MCA history but we do have quite a few furniture retail stores on our books that I have been told that we have blown out the competition with our offers. Lets connect to talk about funding MCA deals in the B/C space. - 15-20 minute response time
-1st - 4th position (1st with pay history only)
-8 months term, weekly pay available
-Buy rates as low as 1.26
-Early Payoff Discounts
-Docusign Contracts
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01-26-2022, 11:11 AM #14
- Join Date
- Jan 2022
- Posts
- 32
Send it over! iso@capital-infusion.com, cc: josh@capital-infusion.com
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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