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  1. #1

    Erc bridge loan

    Need done asap, approved for 186k erc 10% psf. Net 167,400 Merchant needs up to 80%.

  2. #2
    Senior Member Reputation points: 66298 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    2,084

    TVT:

    I am sure there are better ones out there too.

    Pays 4% - 5% commission

    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

    Amir Brito, TVT
    o: (646)845-9280
    c: (917) 744-9919
    abrito@tvtcapital.com
    Last edited by Olderguy; 03-10-2023 at 11:20 AM.
    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
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    @ 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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