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08-25-2022, 12:03 PM #1
New in this space - seeking some direction
Hello group -
Criton Capital is a hybrid lender/broker in the commercial real estate arena; meaning, we fund when the deal fits our box (with our parent company, KDM Financial), and we offer to place the deal if it falls outside. We've always been transparent about that.
For quite some time, we have been approached by merchants who find us online seeking MCA, BLOC, or business term loans. Since our loans are only collateralized by RE, we have turned them away. However, I believe it may be time to entertain this financing space and would like some direction from those who are deep in the trenches of this industry. I hope you don't mind some basic, elementary questions...
- I understand the difference between MCA and term loans; but what would be the advantage of one product over the other for the merchant/business owner? It would seem a term loan is more predictable and consistent in terms of repayment.
- Do lenders/funders in this area of business financing offer white labelling when closing the deals on brokered submission?
- What have been the biggest pitfalls in this industry regarding first payment defaults, possible buy backs, financial exposure to the broker, etc?
- Can anyone recommend a direct lender/funder (or a few) that offers all three products (MCA, BLOC and term loans) so that we are not spread across various lenders for each? I honestly don't know the amount of business we would attract initially, and would not want to over-commit.
Thanks in advance.
Joe Alonso
Criton Capital, LLCCriton Capital, LLC
12508 W. Atlantic Blvd
Coral Springs, FL 33017
Tel: 786-210-5557
Fax: 786-228-0884
loans@critoncapital.com
www.critoncapital.com
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08-25-2022, 12:30 PM #2
- Join Date
- Nov 2019
- Posts
- 675
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08-25-2022, 01:03 PM #3
Nice talking to you Joe...pretty sure I answered all your questons.
Last edited by Olderguy; 08-25-2022 at 02:21 PM.
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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08-25-2022, 05:37 PM #4
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,948
Hello - Sent you an email.
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
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