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  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
    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: 25799 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    733

    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

    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

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

    Please call me to discuss
    Dan Wallace
    SVP
    Harvest Small Business Finance
    National, direct non-bank lender
    Fast and creative financing solutions
    970-390-6650
    dwallace@harvestcref.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: 171098
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    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: 25799 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    733

    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

    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

  9. #9
    Senior Member Reputation points: 7330
    Join Date
    Jul 2015
    Location
    Tampa Florida
    Posts
    419

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




    Direct Lender Since 2005

  10. #10
    Senior Member Reputation points: 76375
    Join Date
    Mar 2014
    Location
    Florida
    Posts
    2,414

    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
    FC Financial LLC
    dave@fcbankcard.com
    Phone: 1-727-233-1111
    Text/VM: 1-727-291-7890

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