Need a Funder or Vendor? START HERE

Results 1 to 8 of 8
  1. #1

    Who Will Fund A Merchant With A Big Drop In Revenue

    The merchant has an online store. Oct - 108k, Nov - $115K, Dec - $33k

  2. #2
    Senior Member Reputation points: 66298 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    2,087

    seasonable business, 12 months bank statements,21 tax return, term loan if qualifies.
    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.

  3. #3
    Senior Member Reputation points: 81655
    Join Date
    Mar 2014
    Location
    Florida
    Posts
    2,854

    Quote Originally Posted by davis3003 View Post
    The merchant has an online store. Oct - 108k, Nov - $115K, Dec - $33k
    Funding amount?
    TIB?
    Selling what product?
    Credit card split may be a solution -
    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

  4. #4
    Member Reputation points: 10
    Join Date
    Sep 2022
    Location
    Lakewood, NJ
    Posts
    51

    got a inventory lender specifically for ecommerce. Doesnt matter about revenue.
    Josh Dan
    B2B Funding LLC
    josh@b2bfundingllc.com
    Super Broker
    (347) 794-1592

  5. #5
    Banned Reputation points: 12
    Join Date
    Jan 2023
    Location
    Weston, FL
    Posts
    40

    Myalphaloans.com can help out. Just will need12 months bank statements and a signed profile page and we are good to go. call me 754-246-0372 Edmund Lewis or email at edmund@myalphaloans.com

  6. #6
    She already got funded. She had a drop only because she took 3 weeks off. Every lender says decline for inconsistent rev. All of these lenders never ask why. This was a clean file with just one month that she decided not to work.

  7. #7
    Senior Member Reputation points: 119752 BR-Nightmare's Avatar
    Join Date
    Nov 2018
    Location
    South Florida
    Posts
    724

    Quote Originally Posted by davis3003 View Post
    She already got funded. She had a drop only because she took 3 weeks off. Every lender says decline for inconsistent rev. All of these lenders never ask why. This was a clean file with just one month that she decided not to work.
    They don't need to ask why. The financing is based on "consistent" revenue. Funders 9 times out of 10 will decline your file in a heartbeat.

    Your best bet here is a cc split.
    The Brokers Nightmare
    I don't want peace, I want problems, ALWAYS!
    Florida-Based

  8. #8
    I could possibly get them funded. What are they needing to secure? I would need the clients personal tax returns and a full three bureau credit report in order to get them prequalified. We base our funding on the individual not the business and are able to leverage the business entity to secure more funding.

Similar Threads

  1. Fund this ? revenue about 75k
    By Iscibibi153 in forum Deal Bin
    Replies: 11
    Last Post: 11-13-2020, 12:54 PM
  2. Replies: 8
    Last Post: 04-27-2020, 11:30 AM
  3. Email Drop Campaign
    By AllCap in forum Merchant Cash Advance
    Replies: 8
    Last Post: 05-28-2019, 05:07 PM
  4. Second Lien on RE to fund Pre Revenue Business
    By LewisCarness in forum All Other Lending
    Replies: 0
    Last Post: 09-08-2016, 01:42 PM
  5. Replies: 11
    Last Post: 09-18-2015, 03:29 PM


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

BoA launches business loan marketplace
Quickbooks adds new LOC product
Dext Capital upsizes corp note


DIRECTORY