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  1. #1

    Restricted State Tech Deal

    Hey all,

    I have a client who's business is operated out of California and Virginia. They're in the tech sector. They have very healthy daily balances (6.5K-10K on average), and they typically do $150,000-$200,000 in revenue a month --> $2,000,000 a year. However, they only do very big deposits 2-4 times a month from their clients. 800+ credit score and have 2 great positions currently. Let me know if it sounds like a file for you. Thanks!

  2. #2
    Senior Member Reputation points: 9802
    Join Date
    Nov 2019
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    638

    Quote Originally Posted by ljkelley View Post
    Hey all,

    I have a client who's business is operated out of California and Virginia. They're in the tech sector. They have very healthy daily balances (6.5K-10K on average), and they typically do $150,000-$200,000 in revenue a month --> $2,000,000 a year. However, they only do very big deposits 2-4 times a month from their clients. 800+ credit score and have 2 great positions currently. Let me know if it sounds like a file for you. Thanks!
    Based on what you out in depending on the gross reserve we might be able to give an offer. You can send me the file for us to review.

    Scott Platto
    scott@tmrnow.com
    tmrnow.com
    212-220-9872

  3. #3
    Senior Member Reputation points: 66298 Olderguy's Avatar
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    Sep 2021
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    Irvine, CA
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    2,087

    Why do they have two MCA positions with that revenue and Fico?

    How large and how recent are the two positions?

    Submit for a term loan or uncollateralized SBA 7A.

    Can get around the short number of deposits.

    Reach out if you need help...
    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
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    @ SBA loans - 7A and 504.
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  4. #4
    Please send it over to:

    Lynne Ji, Ace Funding LLC
    submissions@acefundingllc.com, lynne@acefundingllc.com
    (858) 216-5483

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

    You can send it over I can help.

    edmund@myalphaloans.com
    754-246-0372
    we have a great commission plan.

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