Need a Funder or Vendor? START HERE

Results 1 to 10 of 10
  1. #1

    1st position 6 figure deal

    Who can do a 1st position 300-500k deal. 720+ credit 500k average monthly deposits.

    A paper lenders please

  2. #2
    Senior Member Reputation points: 9802
    Join Date
    Nov 2019
    Posts
    638

    That sounds like something that can be done by my company if everything lines up. We do most types of paper from A down. We also work like a line of credit. scott@tmrnow,com 212-220-9872,

  3. #3
    Senior Member Reputation points: 66298 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    2,087

    Smartbiz
    $350,000 SBA 7A
    10 year term loan
    7%
    700+ Fico
    uncollateralized.
    Fund iin 30 days

    I assume they are showing a profit on two years tax returns (deducting depreciation and officer's salaries)...
    Last edited by Olderguy; 08-11-2022 at 11:10 AM.
    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.

  4. #4
    Direct lender.
    For A paper, this will need to be a full doc deal.

    Please call me to discuss
    Dan Wallace
    SVP
    Enterprise Bank
    National, direct SBA lender
    Fast and creative financing solutions
    970-390-6650
    dwallace@enterprisebank.com

  5. #5
    Quote Originally Posted by gnrcap View Post
    Who can do a 1st position 300-500k deal. 720+ credit 500k average monthly deposits.

    A paper lenders please
    If everything else lines up we can get it done.

    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
    - 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
    - As low as 1.32 buy rates
    - Terms up to 140 days (weekly's upon approval)
    - Max Upsell to 15 points
    - Early Payoff Discounts
    - 15k a month average revenue
    - Minimum of 5 deposits per month
    - Minimal stips (VC & ID)
    - Docusign Contracts

    -Term Loans and LOC available for A & B paper



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

  6. #6
    almost every a paper depending on industry but i suggest itria

  7. #7
    Senior Member Reputation points: 216519
    Join Date
    Feb 2017
    Posts
    3,334

    Do nothing with SmartBiz. They're not paying on renewals, and stealing deals. Or so I've heard, I try to broker my own SBA loans directly because I never trusted them.

  8. #8
    Senior Member Reputation points: 66298 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    2,087

    Quote Originally Posted by abfunders View Post
    Do nothing with SmartBiz. They're not paying on renewals, and stealing deals. Or so I've heard, I try to broker my own SBA loans directly because I never trusted them.
    I know a partner manager over there and reached out to her.
    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.

  9. #9
    Senior Member Reputation points: 8447
    Join Date
    Jul 2015
    Location
    Tampa Florida
    Posts
    488

    We can consider it if they have strong credit card processing volume
    Jason H l Sales & Business Development
    Quikstone Capital Solutions l Tampa FL
    Direct Line & Mobile 813-371-8233 l Fax 813-371-8233 l Text 727-492-8812
    Jason.Hausle@quikstonecapital.com
    www.quikstonecapital.com


    Direct Lender Since 2005

  10. #10
    Senior Member Reputation points: 81655
    Join Date
    Mar 2014
    Location
    Florida
    Posts
    2,854

    Quote Originally Posted by gnrcap View Post
    Who can do a 1st position 300-500k deal. 720+ credit 500k average monthly deposits.

    A paper lenders please
    Your contact info?
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

Similar Threads

  1. Who funds 1st positions law office? (6 figure deal)
    By lendingking in forum Merchant Cash Advance
    Replies: 8
    Last Post: 06-03-2021, 01:08 AM
  2. Replies: 5
    Last Post: 04-15-2021, 11:32 AM
  3. Sales Position!! SIX FIGURE INCOME (STATEN ISLAND)
    By TINAMARIEINT in forum Help Wanted
    Replies: 7
    Last Post: 04-15-2018, 08:30 PM
  4. 7 figure A/R deal
    By PulseLenders in forum Deal Bin
    Replies: 1
    Last Post: 02-02-2017, 11:30 PM
  5. Replies: 5
    Last Post: 12-18-2015, 08:27 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

BoA launches business loan marketplace
Quickbooks adds new LOC product
Dext Capital upsizes corp note


DIRECTORY