Results 1 to 8 of 8
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08-22-2022, 03:23 PM #1
- Join Date
- Mar 2021
- Posts
- 16
Looking for ERTC Bridge
Have a business who is doing $30-60k/month... they are an entertainment center and movie theatre... recently closed for renovations and rebranding. They are now not generating any revenue. They have a ~$84,500 ERTC credit due from the IRS in the next 3-6 months. Would anyone be willing to provide them a bridge with the ERTC as collateral and they are required to make the deposit to payback once due from the IRS?
DM or respond if you have any interest
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08-22-2022, 03:29 PM #2
- Join Date
- Feb 2017
- Posts
- 3,433
Supposedly TVT is doing that
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08-22-2022, 03:37 PM #3
- Join Date
- Jul 2022
- Location
- BROOKLYN NY
- Posts
- 60
we can take a look at it for you email me
Leon Davis
Funder / Iso Relations
Brickstone Fund
Phone: 347-433-7727
EMAIL: Leon@brickstonefund.com
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08-22-2022, 04:23 PM #4
We don't work with ERC bridges under $250k, so I cannot help you. But in case there are any lenders on here that do, it may be helpful to inform them whether your client qualified via SDGR (the objective method) or FPSO (the subjective route), as that plays a significant role in the risk profile of the file.
QFS Group
Info@quickfundingsolutionsgroup.com
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08-22-2022, 04:25 PM #5
What is the "as is" value of the property and is there a current lien on 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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08-23-2022, 10:16 AM #6
- Join Date
- Feb 2019
- Posts
- 209
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08-23-2022, 02:00 PM #7
The PEO factor is less relevant to lending as most PEOs are willing to sign a Letter of Direction.
Not every business qualifies under FPSO - not even close! The people making these arguments are basing them on CDC/OSHA guidance, which on their own were not mandatory and therefore do not constitute a government order (there were some mandatory OSHA orders for Healthcare, but the rest were just guidelines).
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04-09-2023, 07:34 PM #8
- Join Date
- Apr 2021
- Location
- Dallas
- Posts
- 3
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