Who can do a large unsecured LOC?
Need a Funder or Vendor? START HERE

Results 1 to 2 of 2

Hybrid View

  1. #1

    Who can do a large unsecured LOC?

    Have a client doing over $900mil a year looking for an unsecured line of credit. Has been in business for over 20 years.

  2. #2
    Senior Member Reputation points: 227883
    Join Date
    Feb 2017
    Posts
    3,450

    100% unsecured lines go up to $150k, that's not what the merchant is looking for. By "unsecured", does the client mean no PG? Do they mean no hard assets? Do they mean no personal property (home, cars, etc.)? There will certainly be a UCC on the business if they want something significant that matches that side. I'd be happy to help you here, but "unsecured" is a widely overused and misunderstood term. There are plenty of lines that are "unsecured" - Some require PGs, some don't. Some need inventory, some need AR. Is the business already encumbered with debt and they can't pledge it again?

Similar Threads

  1. Personal Unsecured
    By Kind of New Guy in forum All Other Lending
    Replies: 1
    Last Post: 01-21-2021, 08:51 AM
  2. Unsecured LOC Behind SBA Loan
    By CFG in forum Deal Bin
    Replies: 4
    Last Post: 11-16-2017, 09:03 PM
  3. Unsecured Business
    By tfgroup in forum Merchant Cash Advance
    Replies: 0
    Last Post: 03-23-2016, 04:22 PM
  4. 5 year unsecured
    By Nick Stone in forum Deal Bin
    Replies: 5
    Last Post: 06-04-2015, 02:35 PM
  5. Replies: 5
    Last Post: 06-06-2014, 09:35 AM


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

Blue Owl Capital acquires Atalaya
Kansas added to disclosure service tool
FIS launches SMB digital lending


DIRECTORY