35k first position California based Company
Need a Funder or Vendor? START HERE

Results 1 to 16 of 16
  1. #1

    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

  2. #2
    Senior Member Reputation points: 217975
    Join Date
    Feb 2017
    Posts
    3,346

    Try IOU

  3. #3
    Got it... Thank You

  4. #4
    Senior Member Reputation points: 217975
    Join Date
    Feb 2017
    Posts
    3,346

    Oh wait - IOU needs a lender's license for California. Anyone here licensed for Cali care to speak up?

  5. #5
    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.

  6. #6
    Senior Member Reputation points: 68259 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    2,133

    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

    1012 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.

  7. #7
    Senior Member Reputation points: 217975
    Join Date
    Feb 2017
    Posts
    3,346

    Quote Originally Posted by Jmcv View Post
    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.
    Or find someone with a license already and ask them to submit for you.

  8. #8
    Senior Member Reputation points: 217975
    Join Date
    Feb 2017
    Posts
    3,346

    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.

  9. #9
    Hi Steve, I just sent you an email, Thanks

  10. #10
    Thanks again Micah, I just sent you an email.

  11. #11
    Senior Member Reputation points: 217975
    Join Date
    Feb 2017
    Posts
    3,346

    Quote Originally Posted by Jmcv View Post
    Thanks again Micah, I just sent you an email.
    I responded, your email was in my spam box so maybe mine went there too

  12. #12
    Received... yes your email was in my spam box too... ??? I sent you a second email too

  13. #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!

  14. #14
    Senior Member Reputation points: 68259 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    2,133

    I got him set up with someone who can do it.
    Steve Benjamin
    Professional Business Loans

    1012 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.

  15. #15
    Steve, Thank You, Sir... Application submitted and waiting for an answer! Your advice is much appreciated!

  16. #16
    Quote Originally Posted by Jmcv View Post
    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


    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

Similar Threads

  1. California Company Seeking 3rd position GREAT CREDIT
    By CashAdvanceKing in forum Deal Bin
    Replies: 6
    Last Post: 03-04-2020, 01:20 PM
  2. California First Position
    By CashAdvanceKing in forum Deal Bin
    Replies: 3
    Last Post: 04-05-2019, 08:29 PM
  3. Replies: 6
    Last Post: 03-11-2018, 10:15 AM
  4. Replies: 3
    Last Post: 11-28-2017, 10:18 AM
  5. Replies: 3
    Last Post: 11-01-2015, 03:47 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Lendica partners w/ EBizCharge
Pipe plans to fund $1B to SMBs
URBN partners with Stripe


DIRECTORY