Need a Canadian business loan or LOC (NO MCA's) for public company
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  1. #1

    Need a Canadian business loan or LOC (NO MCA's) for public company

    Public company on Canadian exchange; needs short term (6 mos to 3 yr) term loan or LOC. No MCA, please. Available lenders?

  2. #2
    Quote Originally Posted by kfunder View Post
    Public company on Canadian exchange; needs short term (6 mos to 3 yr) term loan or LOC. No MCA, please. Available lenders?
    any real estate to put up?
    David Kanner
    MNR Capital Group
    E: david@mnrcapitalgroup.com
    P: 201-212-6447

  3. #3
    How much are they seeking?

    Kristina Marie Gilbertson, CEO
    Website: https://prosperityfi.com
    Linkedin: https://linkedin.com/in/gilbertson
    Office: (800) 516-9082

    • Tailor-Made Capital & Creative Financing, JV, Debt/Equity
    • Off-Market Luxury Properties - Condos, Developments and CRECannabis
    • Licenses For Sale, Strains or Unique Opportunities

    Serving // CRE • Construction • Developments • All Business Sectors • Start-Ups • Cannabis

  4. #4
    Senior Member Reputation points: 68639 Olderguy's Avatar
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    https://www.ondeck.ca/term-loans/

    If you are not set up with OnDeck, you can run it through FundShop although check with them if they can do Canada.
    Last edited by Olderguy; 11-05-2022 at 03:04 PM.
    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.

  5. #5
    Senior Member Reputation points: 301165
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    Quote Originally Posted by Olderguy View Post
    https://www.ondeck.ca/term-loans/

    If you are not set up with OnDeck, you can run it through FundShop although check with them if they can do Canada.
    When did on deck start doing public companies ?

  6. #6
    Senior Member Reputation points: 68639 Olderguy's Avatar
    Join Date
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    Posts
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    Quote Originally Posted by Michael I View Post
    When did on deck start doing public companies ?
    I didn't realize that. Kristina might be able to help if the loan amount is large enough.
    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.

  7. #7
    $250k (cdn)

  8. #8
    Quote Originally Posted by kfunder View Post
    Public company on Canadian exchange; needs short term (6 mos to 3 yr) term loan or LOC. No MCA, please. Available lenders?
    Depends on the specifics but generally speaking we can get that done. Get in touch.

    Our funding Criteria:

    - 5k minimum funding
    - 6 month Min.time in business
    - 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 for contract (VC & ID)
    - Docusign Contracts

    - We also offer asset/inventory/accounts receivable backed term loans/lines of credit. Not MCA based. Bankable rates.



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

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