Results 1 to 16 of 16
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07-14-2022, 02:06 PM #1
- Join Date
- Jul 2022
- Posts
- 9
35k first position California based Company
Primary business account average revenue $76k last 90 days with several days of NFS
Secondary business account average revenue $55k last 90 days with 0 NFS
Industry/Wholesale aftermarket parts
No credit card sales
Needs business capital funding for fire sale inventory purchase
No current open positions
Filed bankruptcy 2019 (Divorce)
Credit score 640
Needs a minimum of $35k
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07-14-2022, 02:14 PM #2
- Join Date
- Feb 2017
- Posts
- 3,463
Try IOU
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07-14-2022, 02:16 PM #3
- Join Date
- Jul 2022
- Posts
- 9
Got it... Thank You
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07-14-2022, 02:18 PM #4
- Join Date
- Feb 2017
- Posts
- 3,463
Oh wait - IOU needs a lender's license for California. Anyone here licensed for Cali care to speak up?
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07-14-2022, 03:50 PM #5
- Join Date
- Jul 2022
- Posts
- 9
Micah, thank you for your help! I looked into the Cali license and looks pretty time-consuming to get and not something I am going to pursue.
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07-14-2022, 04:13 PM #6
Jeff . Let me know if that works for you - in not I have other guys...
Last edited by Olderguy; 07-14-2022 at 05:50 PM.
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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07-14-2022, 04:15 PM #7
- Join Date
- Feb 2017
- Posts
- 3,463
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07-14-2022, 04:16 PM #8
- Join Date
- Feb 2017
- Posts
- 3,463
Depending on the NSF situation, you could do this through Bluevine if you use their link (you can't "submit" a file without the lender's/broker's license). If you're signed up with them, great, if not, send me an email and I'll give you my link.
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07-14-2022, 04:22 PM #9
- Join Date
- Jul 2022
- Posts
- 9
Hi Steve, I just sent you an email, Thanks
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07-14-2022, 04:28 PM #10
- Join Date
- Jul 2022
- Posts
- 9
Thanks again Micah, I just sent you an email.
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07-14-2022, 04:44 PM #11
- Join Date
- Feb 2017
- Posts
- 3,463
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07-14-2022, 05:14 PM #12
- Join Date
- Jul 2022
- Posts
- 9
Received... yes your email was in my spam box too... ??? I sent you a second email too
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07-15-2022, 11:06 AM #13
Feel free to reach out.
Direct Funder | FirstLine Advance | New York, NY.
firstlineadvance.com
Call us: 929-592-3073
Email us: subs@firstlineadvance.com
1st position and up | Snap Funding within 2 hours | No credit checks
Currently accepting new ISO's!
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07-15-2022, 11:37 AM #14
I got him set up with someone who can do it.
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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07-15-2022, 12:12 PM #15
- Join Date
- Jul 2022
- Posts
- 9
Steve, Thank You, Sir... Application submitted and waiting for an answer! Your advice is much appreciated!
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07-20-2022, 01:09 PM #16
- Join Date
- May 2022
- Posts
- 98
If the file is still open we may be able to do something here. Send it over.
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
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