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05-05-2022, 02:38 AM #1Noob
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Help!
My borrower needs 25k immediately. He meets all of the qualifications but ONLY has a personal checking. Any Lenders besides Breezy?
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05-05-2022, 08:07 AM #2Senior Member
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I think Topline can do personal bank accounts. Personal loan would be best but that takes time. I think someone mentioned Bitty or Ironwood in the past. I have no experience with them.
Last edited by Olderguy; 05-05-2022 at 08:43 AM.
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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05-05-2022, 09:13 AM #3Senior Member
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How did he get money previously if he's you're "borrower"?
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05-05-2022, 09:50 AM #4Senior Member
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Qualifications for what? A loan? An MCA? Without a business bank account, he doesn't have "all" of the qualifications for an MCA.... yet. There are some funders who are willing to UW a personal bank account, but they'd never FUND a personal bank account, for that he'd have to open one up. If it's a loan, then it's going to need excellent credit.
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05-05-2022, 09:56 AM #5Senior Member
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Funding a personal account would perhaps open you up to funding a consumer "B2C" which can open up an entire new can of worms.....
Marcus Clapman
Capybara Capital
marcus@capybarausa.com
www.capybarausa.com
646-708-5986 (Text Friendly!)
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