Need a Funder or Vendor? START HERE

Results 1 to 5 of 5
  1. #1

    WBL and similar products

    I've been submitting some deals to WBL, and so far, it's a pretty simple process. As our network grows, we have more need for alternative products (MCA already covered). Any insight into getting the following style deals done would be super helpful!

    1. Deals similar to WBL. Are there any other similar products that I should be comparing offers with? This would be for deals that are based on business, but the funding is on real estate equity.

    2. Loans based on the property for non-business owners. I.e. Client has a job making 100/200k+ salary and has tons of equity in real estate. They can't go to a bank bec of credit or time constraints.

    3. Specific for the construction agency. I have clients that have contracts that require they have x amount of working capital. If they can't show that x dollar amount, they will lose the project. Even if I give them an MCA it's not enough to cover the required amount. Basically, looking for deals that can be based on incoming contracts.

    Thanks!
    Mark
    BlackTieFunding.com
    Mark@blacktiefunding.com

  2. #2
    Senior Member Reputation points: 22304 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    623

    1. Hard money property loan as alternatives to WBL or Ironwood....problem it's not fast....takes 1 - 2 months. Rates are like around 11% annually interest only.

    https://dailyfunder.com/showthread.p...or-Real-Estate.

    https://dailyfunder.com/showthread.p...ositions-1-25M

    2. You can get hard money loan on property using no doc loan - thus doesn't need to be a business owner. Just needs to be non owner occupied purchase or refi. You can also get personal loans for salaried people. Can also get business credit card for start up business as well.

    https://dailyfunder.com/showthread.p...270#post168270

    3. See if they qualify for a term loan. Maybe factoring? Maybe A/R? Look into purchase order financing. Any assets available for ABL?
    Last edited by Olderguy; 07-25-2022 at 03:23 PM.
    Steve Benjamin
    Professional Business Loans

    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    949.228.1050

    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 6% and up
    @ Equipment financing up to 6 years
    @ Property loans - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Homeowner loan 2nd position- 15 year 8.99% no lien
    @ Private money equity and debt for major investments

  3. #3
    Mark, are you referring to World Business Lenders?

  4. #4
    Senior Member Reputation points: 22304 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    623

    Quote Originally Posted by MissouriBroker1 View Post
    Mark, are you referring to World Business Lenders?
    Yeah...

    https://www.wbl.com/
    Steve Benjamin
    Professional Business Loans

    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    949.228.1050

    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 6% and up
    @ Equipment financing up to 6 years
    @ Property loans - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Homeowner loan 2nd position- 15 year 8.99% no lien
    @ Private money equity and debt for major investments

  5. #5
    Senior Member Reputation points: 13429
    Join Date
    Jul 2014
    Location
    Jackson Hole Wy
    Posts
    628

    Quote Originally Posted by GTM View Post
    I've been submitting some deals to WBL, and so far, it's a pretty simple process. As our network grows, we have more need for alternative products (MCA already covered). Any insight into getting the following style deals done would be super helpful!

    1. Deals similar to WBL. Are there any other similar products that I should be comparing offers with? This would be for deals that are based on business, but the funding is on real estate equity.

    2. Loans based on the property for non-business owners. I.e. Client has a job making 100/200k+ salary and has tons of equity in real estate. They can't go to a bank bec of credit or time constraints.

    3. Specific for the construction agency. I have clients that have contracts that require they have x amount of working capital. If they can't show that x dollar amount, they will lose the project. Even if I give them an MCA it's not enough to cover the required amount. Basically, looking for deals that can be based on incoming contracts.

    Thanks!
    We have real private money and hard money programs. Location specific. NO owner occupied residential properties.
    Loans from 500k-10M.

    www.omegafund.com
    bzuniga@omegafund.com

Similar Threads

  1. Funders Similar to Yellowstone
    By Dafunder in forum Merchant Cash Advance
    Replies: 18
    Last Post: 09-19-2019, 01:06 PM
  2. Funders Similar to Everest
    By AMERICApital1 in forum Merchant Cash Advance
    Replies: 51
    Last Post: 01-18-2019, 02:38 PM
  3. Any lenders similar to WBL?
    By AMERICApital1 in forum Merchant Cash Advance
    Replies: 10
    Last Post: 09-14-2018, 05:55 PM
  4. Funders similar to fundworks
    By AMERICApital1 in forum Merchant Cash Advance
    Replies: 15
    Last Post: 11-20-2017, 03:53 PM
  5. F*ck Kabbage. Where's the New Similar Lender?
    By Fundyman in forum Deal Bin
    Replies: 16
    Last Post: 03-09-2017, 11:16 AM


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

Yieldstreet closes $400M credit facility
Kaplan Mobray to keynote Broker Fair '22
IOU hires new Chief Accounting Officer


DIRECTORY