[Fundthis!]

Does anyone know of any funders doing ERC advances?
I have about 35 ERC that have been done and are looking for an advance.

[GoldFunded]

Can refer you to someone if you'd like

[Olderguy]

TVT...

ERTC Bridge overview

Up to 60% LTV on submitted ERTC 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

Commissions run 4% to 5%

[goatFunding]

Does anyone know of any funders doing ERC advances?
I have about 35 ERC that have been done and are looking for an advance.

TVT can make you a nice offer

[pccapital]

Yes, we are currently funding clients that have an ERC approval. Below you will find the over view for funding.

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)

All submissions for deals go to submissions@pccapitalllc.com. To request an ISO agreement you can reach out to info@pccapitalllc.com and cc paul@pccapitalllc.com. Of course we do MCAs with a max funding of $5MM and are able to offer weekly payments with 12 month terms.

[MCA-VET]

This seems to be on the raise....

https://www.abc4.com/news/central-ut...-fraud-scheme/