[Peak Solutions LLC]

I have merchants that have been having issues with payments but have been approved for the ERC program, does anyone fund against the ERC and what’s the process and qualifications?

[powerhousecapital]

ill let bret know you have no idea how to help him

[Olderguy]

TVT has a program for that.

ERC Bridge overview

Up to 60% LTV on submitted ERC claims
22-35% 12 month deals
interest only - sometimes for full term sometimes for half the term - depends on the credit

At Submission:

• 3 months business bank statements (main operating account)

• Merchant application

• Most recent tax returns & 2022 YTD P&L

• Form 941

• Form 941-X

• Employee ERC calculation breakdown per quarter associated with the corresponding filed 941-X form

• Proof of eligibility (eligibility criteria)

- government mandated shutdown

- Loss in revenue in accordance with ERC qualification (please have CPA sign and owner)

*If you can not provide the ERC calculation break down the client can only be approved for tiered amortized weekly payment structure*

(Require driver id of owners over 20% as well)

Fees:

4 % origination

commission 4% - 5%

[Ehenek]

Call me - Elon at 1-516-236-4086 I can set you up with someone better than TVT

[NoBiggie]

I have merchants that have been having issues with payments but have been approved for the ERC program, does anyone fund against the ERC and what’s the process and qualifications?

Itria/Biz2credit did a deal like that, but don't know much details except it was $600k

[Shorebird]

https://www.financeerc.com

[pccapital]

We are actively funding client that have been ERC approved. Below are the details on our bridge loan.
Current Bridge Financing guidelines:

60% LTV on an approved ERTC
20-30% 1-2 year deals
interest only
3% origination fee
Financials & banks of the company need to look healthy

Requirements:
- Copy of the completed and submitted ERTC claim.
- Copies of the 2020 and 2021 Form 941's.
- 2021 and YTD 2022 financial statements: P&Ls, balance sheets, cash flow statements.
- Bank statements.
- Signed Application
- Signed 8821's. (soft approvals can be given before issuing)

Feel free to email me at paul@pcccapitalllc.com and deal are submit at submissions@pccapitalllc.com. I look forward to hearing from you to close a few deals.

[brandondresslerpfg]

I can potentially fund them. All I would need in order to get them prequalified is the last two years personal tax returns and a 3 bureau credit report. Income $50,000+ credit 680+