Results 1 to 8 of 8
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07-07-2022, 12:08 PM #1
- Join Date
- Aug 2014
- Posts
- 35
Merchant Looking For New Lender
I have a hair salon looking for a new lender. Just paid off Expansion Capital with no missed payments. Her last 3 months of deposits are:
Apr 11,967
May 9,435
Jun 12,820
No ods or neg days. Most lenders have monthly deposit minimums starting at $20k and up. Who can fund her?
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07-07-2022, 12:41 PM #2
Lending Valley, Vader, Mantis?
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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07-07-2022, 03:50 PM #3
- Join Date
- May 2022
- Posts
- 98
We do. Send it over.
$ 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:
- 5k 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
- 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
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07-07-2022, 07:36 PM #4
Done Deal submit & 2 hour Decision
BUSINESS LOAN PROGRAMS
- Same Day Business Loans
- Personal Loans up to $200K with a 680+ FICO
- Business Lines of Credit
- Business Term Loans
- All Equipment Financing – Truck and more!
- Get up to $150,000 with 0% Apr
- All SBA Loans
- Start Up Business Loans
- Much more!
Last edited by Loanpro; 07-07-2022 at 07:38 PM.
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07-11-2022, 09:33 AM #5
- Join Date
- Apr 2015
- Location
- Morristown, NJ
- Posts
- 100
I have a similar file and every lender who said they could do it ultimately claimed upon submission that the deposits weren't enough. Did 13k in April, 20k in May, 14k in June.
---------------------------------------------------------
Rich McKellar
www.linkedin.com/in/richardmckellar
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07-11-2022, 09:55 AM #6
- Join Date
- Oct 2016
- Posts
- 4,318
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07-18-2022, 01:53 PM #7
- Join Date
- Aug 2021
- Posts
- 69
Give me a call. I would be able to help the owner on this. We specialize in unsecured term loans up to $500k. Lets jump on a call.
Brandon Dressler
815-878-0244
Brandon@preferredfundinggroup.com
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07-18-2022, 01:56 PM #8
- Join Date
- Jul 2022
- Posts
- 3
Give me a call 516-225-8444 , or email me Liran@instafundadvance.com
Last edited by InstaFund Advance; 07-27-2022 at 02:23 PM.
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