Security Business Doing $35K/mo Seeks Capital ASAP
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  1. #1
    Senior Member Reputation points: 20465 Fundyman's Avatar
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    Security Business Doing $35K/mo Seeks Capital ASAP

    They have 2 outstanding balances from ($20K funded back in Oct.),
    $10K total left to pay in about 30 more days,
    Doing 35K monthly
    Credit 640
    Decent daily balances,
    hardly any negative days,

    ***Sole Prop****

    Healthy cash flow.

    Who can fund at least $15K on this one?

    (Also, what happened to funding companies that pay off current balances & net fund the difference? They closed up shop??)
    Last edited by Fundyman; 12-22-2022 at 04:00 PM.

  2. #2
    Senior Member Reputation points: 73140 Olderguy's Avatar
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    It always helps to know how recent the latest MCA was funded. Less then 60 days, more than 60 days.
    Last edited by Olderguy; 12-22-2022 at 03:19 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.

  3. #3
    Let's look at this one as well. Direct lender qjohnson@lhfundgroup.com 904-323-0873

  4. #4
    Senior Member Reputation points: 20465 Fundyman's Avatar
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    Quote Originally Posted by Olderguy View Post
    It always helps to know how recent the latest MCA was funded. Less then 60 days, more than 60 days.
    Funded both advances in Oct. $5K left on both w/ less than 30 payments.

  5. #5
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    Quote Originally Posted by Fundyman View Post
    They have 2 outstanding balances from ($20K funded back in Oct.),
    $10K total left to pay in about 30 more days,
    Doing 35K monthly
    Credit 640
    Decent daily balances,
    hardly any negative days,

    ***Sole Prop****

    Healthy cash flow.

    Who can fund at least $15K on this one?

    (Also, what happened to funding companies that pay off current balances & net fund the difference? They closed up shop??)
    How can you say that he hardly has any negative days and then descent daily balances and healthy cash flow. That is like saying soemone is 350 pounds but he is 6 foot 5 but he is fairly health

  6. #6
    Senior Member Reputation points: 20465 Fundyman's Avatar
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    Quote Originally Posted by closer129 View Post
    How can you say that he hardly has any negative days and then descent daily balances and healthy cash flow. That is like saying soemone is 350 pounds but he is 6 foot 5 but he is fairly health
    What part has you confused..? I'm just trying to see whether someone will fund a sole prop security company that's doing decent revenue & has two advances out, 30 days left to be paid, paying on time, looking for more capital.

  7. #7
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    Not confusing at all to me. Send it over to charles@capitalizegroup.com and if there's room we'll get it done for you today.

  8. #8
    Quote Originally Posted by Fundyman View Post
    They have 2 outstanding balances from ($20K funded back in Oct.),
    $10K total left to pay in about 30 more days,
    Doing 35K monthly
    Credit 640
    Decent daily balances,
    hardly any negative days,

    ***Sole Prop****

    Healthy cash flow.

    Who can fund at least $15K on this one?

    (Also, what happened to funding companies that pay off current balances & net fund the difference? They closed up shop??)
    We may be able to do it. Get in touch.

    Lendbug Is Now Doing Asset Based Funding !!!

    We have revamped our lending criteria for aggressive offers and maximum deal flow. We pride ourselves on being extremely creative and flexible.

    Our Asset Based Lending Criteria:


    - Non-primary residences only
    - Commercial and investment properties only
    - funding up to 50% LTV
    - Up to 18 month terms
    - Funding in as quickly as 5 days
    - 10 point commission

    Our MCA Criteria:

    - As low as 2k micro 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.

    ISO Agreement Link Bellow;
    https://na4.docusign.net/Member/Powe...db752ace08&v=2

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

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