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03-10-2023, 10:53 AM #1
- Join Date
- Nov 2022
- Posts
- 22
Erc bridge loan
Need done asap, approved for 186k erc 10% psf. Net 167,400 Merchant needs up to 80%.
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03-10-2023, 10:57 AM #2
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.comLast 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
@ 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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