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12-22-2022, 02:57 PM #1
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.
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12-22-2022, 03:09 PM #2
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.
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12-22-2022, 03:59 PM #3
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12-22-2022, 03:10 PM #4
- Join Date
- Aug 2021
- Posts
- 18
Let's look at this one as well. Direct lender qjohnson@lhfundgroup.com 904-323-0873
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12-22-2022, 04:29 PM #5
- Join Date
- Nov 2019
- Posts
- 691
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12-27-2022, 12:59 PM #6
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12-27-2022, 03:09 PM #7
- Join Date
- Dec 2021
- Posts
- 154
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.
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01-04-2023, 12:53 PM #8
- Join Date
- May 2022
- Posts
- 98
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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