[edom4578]

Looking to broker with someone that offers Business LOC's

[Olderguy]

Rapid does, Midwest Corporate Credit also offers a business LOC, I'm sure there are plenty of others.

[SBF]

I've done quite a few with RAPID, but just learned if the merchant is in CA, the ISO must have a CA Lenders License...

[mross@LENDBUG]

Looking to broker with someone that offers Business LOC's

We have something like that but it would be asset, A/R or inventory backed. bankable rates. good credit a must.



$ 1% bonus point for the month of June $

We have revamped our lending criteria for aggressive offers and maximum deal flow. We pride ourselves on being extremely creative and flexible.

Our funding Criteria:

- 10k minimum funding - 500k max funding
- B, C, D paper
- Offers not based on credit score - low credit ok
- Response time (realistically) as low as 60 minutes
- 1st - 5th position - Up to 38% withhold of net deposits
- 1.32 buy rates
- Terms up to 140 days (weekly's upon approval)
- Max Upsell to 15 points
- Early Payoff Discounts
- 4 truck minimum for trucking industry
- 15k a month average revenue
- Minimum of 5 deposits per month
- Minimal stips (VC & ID)
- Docusign Contracts
- Commission paid after 1st debit clears (4 days)


! Attention Sales Reps !

- Ask us about our Line of Credit for syndication -


Michael Ross
Lendbug
New York, NY
Mross@lendbug.com
646-360-0411

[Bcooper]

Rapid does, Midwest Corporate Credit also offers a business LOC, I'm sure there are plenty of others.

never heard of midwest corporate credit are they any good?

[darklordhermes]

Terms and interest rates :
- $2500 to $250,000 - 3 day approval typically
- 6 Month term starts at 7.99% or 1.5% per month
- 12 Month term starts at 14.99% or 1.5% per month also 18 month term available
- No prepayment penalties, Only pay interest for the months that you use
- Once you get an approval you have access to the capital in about 1 day
Requirements :
- Time in business 1 year
- Min. Gross sales 30g Per month
- Fico of 600
- No more than 3 overdrafts in 3 months
- Min bank balance is $2500.00
Required Documents :
- Application completed ( attached )
- Last 3 months of business banking
- Drivers license
Message me let's speak

[darklordhermes]

No minimum fico required anymore, also have a/r backed business loc's

[Olderguy]

never heard of midwest corporate credit are they any good?

Yes I got a guy $69K that was doing $10K a month in deposits.

BAILEY BLASDEL
Business Finance Consultant
Midwest Corporate Credit
(630) 974-5507