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  1. #1
    Senior Member Reputation points: 4262 Magicmike18's Avatar
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    7125 Peri Lane Brooklyn Ny 11234
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    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.

  2. #2
    Senior Member Reputation points: 216519
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    Why is the business credit bad? Or is it just not developed? Is that why the Ondeck/IOU/SOS/etc places rejected it already?

  3. #3
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    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.

    KH
    Hedley Lamarr......That's Hedley

  4. #4
    Senior Member Reputation points: 99
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    Might be able to get something for you here on weekly terms and strong prepays. Email me andrew@efinancialtree.com

  5. #5
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    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

  6. #6
    Senior Member Reputation points: 6957 ESE5020's Avatar
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    Quote Originally Posted by Magicmike18 View Post
    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.
    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.
    East Shore Equities, LLC
    Submissions@EastShoreEquities.com
    Tel: 516-231-5595 | Fax: 516-231-5590
    www.EastShoreEquities.com

  7. #7
    GOAT ADVANCE!

    Amanda
    Amanda@goatadvance.com
    443-797-9714

  8. #8
    Senior Member Reputation points: 66298 Olderguy's Avatar
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    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

    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.

  9. #9
    Senior Member Reputation points: 4262 Magicmike18's Avatar
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    Its a furniture retail store they don’t do any manufacturing at all.

  10. #10
    Senior Member Reputation points: 66298 Olderguy's Avatar
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    Quote Originally Posted by Magicmike18 View Post
    Its a furniture retail store they don’t do any manufacturing at all.
    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

    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.

  11. #11
    Senior Member Reputation points: 8447
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    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

  12. #12
    Sound like something we would take a look at.
    Send it to admin@eminentfunding.com

  13. #13
    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

  14. #14
    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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