[Ultimatecloser]

Monthly payback terms only (never weekly or daily)
-2 or more years in business at a bare minimum

-No Home-based businesses: MUST be a brick & mortar business, MUST NOT be residential, mailbox, PO Box, UPS address, or be shared office based, like Regus, or other executive suite arrangements.

-Must do at least $200,000 in annual revenues (top line sales)

-​Guarantor must have 51% ownership and -MUST have 680 or higher personal FICO score (homeowner preferred)
​No leasing.

[Olderguy]

Yeah but what's' the factor rate and terms range.

[Ultimatecloser]

Yeah but what's' the factor rate and terms range.

Payments are 100% tax deductible as an operating expense
The cost of funds is ~ 16% - 22% (per year simple interest for 5 years, after tax deductions)
That’s equiv. to a ~ 1.16 – 1.22 all-in, ANNUAL factor equivalent rate, if using an MCA (after-tax)
Clients can have multiple MCA positions (up to 5) and still qualify
Offering $25k - $200K (and sometimes more)

[Olderguy]

According to your website, it's all real estate based lending. Bridge, Rental, New Construction and transitional. No leasing assumes commercial property. Seems a bit deceptive. Why not make it clear it's a real estate loan...

I had a client with 2 MCA loans of $150,000 - $32,000 a month in payments. Got him a hard money bridge loan 2 years at 1% a month interest only. Payment went down to $1,500 a month. Saved him over $30,000 a month in payments. Same thing.

[Ultimatecloser]

Well Steve you know what they say about assuming right. The working capital is for your business it's up to a 5-year term. This is great for small businesses especially those implementing a bear hug structure. Which I know we both agree it's needed in this day and time for small business survival. Anything other than that would be just collecting docs and submitting them wishing for luck, not helping the borrower.

[Olderguy]

Well Steve you know what they say about assuming right. The working capital is for your business it's up to a 5-year term. This is great for small businesses especially those implementing a bear hug structure. Which I know we both agree it's needed in this day and time for small business survival. Anything other than that would be just collecting docs and submitting them wishing for luck, not helping the borrower.

Still haven't confirmed it's a real estate based loan...tho....right?

[abfunders]

This is definitely NOT a real estate loan, and there's no UCC and no debt on the books, however it does build business credit. And if he's paying less than 15% to co-brokers on the deals, he's using the wrong provider.

[Olderguy]

This is definitely NOT a real estate loan, and there's no UCC and no debt on the books, however it does build business credit. And if he's paying less than 15% to co-brokers on the deals, he's using the wrong provider.

Look at the website...it's all real estate.

What you are saying is business credit card program I think.

[abfunders]

Steve, I offer this same service, and it's not on my website, because it's really waaaaaay out of the box and to describe it on your website is hard. Heck, I do the credit card stacking all the time, and I don't describe it on my website.

[Ultimatecloser]

No it's not a real estate based loan.

[Olderguy]

So what is it exactly? Business credit cards? I was just checking your website which is all real estate.

[Sales1999]

Sounds like the lease rebate as you mentioned 5 years ...and if you don't mention it it's shady as anything. Tax deductible is the lease rebate ..server or whatever they have now