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01-23-2023, 07:23 AM #1
- Join Date
- Apr 2021
- Posts
- 112
ERC 50-50 split -Allied capital services
Allied capital services
They had a table at the Miami Broker Fair
They proccess the ERC and pay a 50-50 split on 20% fee
I am considering getting my clients the ERC with them
Any one ever work with them and have any feedback on them?
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01-23-2023, 08:10 AM #2
20% is excessive. IMHO - too many of these places rip people off.
I have a guy that charges 15% when funded or 10% when paid at submission.
There are no fees required until we have your packet ready to be sent to the IRS which takes a week to three after receiving all of your documents. Again, The fee is 10% if you pay at time of approval or 15% if we all wait until the IRS sends the check.
Items needed include:
Average number of 30 hour plus a week employees in 2020 & 2021.
Dates you received PPP and how long it took to be discharged
Information on EIDL and any other stimulus money you many have received
Payroll for the last 3 quarters of 2020 and first 3 quarters of 2021
941s for the last 3 quarters of 2020 and the first 3 of 2021.
FYI: Different ways businesses can qualify which we will go through when we do the survey.
Revenue reduction - 50% drop in 2020 and/or 20% in 2021 quarterlys compared to the same quarter in 2019. As per our conversation you do not qualify based on revenue reduction.
Supply Chain Issues - Businesses qualify even if revenue increased. Based on our conversation you'll qualify for all 6 available quarters.
Full or Partial Government mandated shut downs - if you were mandated to shutdown in any of the 6 eligible quarters.
Reduction in hours, Reduction in capacity, Inability to access equipment, Travel Restrictions, Reduction in services offered, are other ways to qualify.
New businesses that opened after 2/15/2020
Businesses that were sold but still own the EIN can qualify.
Larry Goldstein
602-989-4200Steve 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.
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