Results 1 to 13 of 13
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03-20-2023, 04:28 PM #1
- Join Date
- Jul 2022
- Posts
- 3
Recruiting company in healthcare industry doing $350k annual revenue
Recruiting company in healthcare industry doing $350k annual revenue
Credit score 700
TIB: 5 years
Wants a LOC and/or business term loan of at least $50k
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03-20-2023, 04:42 PM #2
- Join Date
- Aug 2022
- Posts
- 9
Get her a CC stack.
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03-20-2023, 05:31 PM #3
Have you tried BlueVine LOC
Last edited by Olderguy; 03-20-2023 at 05:40 PM.
Steve Benjamin
Professional Business Loans
522 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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03-20-2023, 06:00 PM #4
- Join Date
- Dec 2021
- Posts
- 154
Is it a recruiting or staffing company? Very big difference in terms of profit margins.
We can fund a recruiting company. Though we're strictly MCA.
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03-21-2023, 10:10 AM #5
- Join Date
- Mar 2023
- Posts
- 18
bizLoans 180X90.jpg
If the client has a 700 or higher FICO we may be able to help them get up to $250,000 of unrestricted funds and business credit. It does not work for every client but when it does work for a client they usually love it.
Below is the ISO link to our website and the page on the program that we have that helps high FICO clients who qualify to get between 150K-250K on average regardless of having multiple positions or lower bank deposit volume.
Our program is personal credit driven. It is excellent for doctors, dentists, attorneys, small insurance agencies, small trucking companies, small construction companies, and any business or professional office where the owner has a 700+ FICO with clean personal credit reports and no reported (to business credit bureaus) bad business credit. So even many high FICO clients with restructured MCA payments can qualify for this program.
The funding cycle is about 30 calendar days in total if the client has excessive inquiries that need free removal. If not it can be as short as 7 business days. No upfront fees to clients and ISO commissions are 40% of all client fees collected post-funding. Each qualified client gets funded a combination of 3-5, three to five-year small-term loans of $25,000 - $50,000 each (which report on the installment portion of personal credit), and 3-5, 0% intro rate business credit cards of $10,000 - $30,000 each that report only on business credit bureaus and not on the client's personal credit.
We pay the highest ISO commissions available for this type of program and we also (when necessary) do free 3-bureau inquiry removal for unauthorized inquiries that do not have matching accounts on the client's credit reports.
If you have been in the business finance arena for a while then you are likely familiar with this type of program.
Comparable is PFG which pays 2.5% ISO commissions on a 15% client fee sheet. That equals 16.7% of collected fees, and 15% is hard to swallow for many clients.
Also comparable is F & G which pays 20% of all collected fees on a 9% client fee sheet = 1.8% ISO commissions, but they charge at least $2000 upfront in a subscription fee.
We allow our ISOs to choose either an 8%, 9%, or 10% client fee sheet and we pay ISOs 40% of that. Either 3.2% on 8%, 3.6% on 9%, or 4% on 10%.
ISO agreement requests are available by clicking on the link at the bottom of the partner's page. We also have an ISO guide that will explain everything in greater detail.
https://bizloansinc.com/700-hybrid-funding-program/
https://bizloansinc.com/partners/
Dan R.
CEO
Biz Loans Inc
Office: (610) BIZ LOAN
Cell: (302) 397-3777
Email: dan@bizloansinc.com
https://bizloansinc.comLast edited by 700+Hybrid; 03-27-2023 at 02:33 PM.
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03-21-2023, 11:21 AM #6
- Join Date
- Jul 2022
- Posts
- 3
what is a CC stack?
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03-21-2023, 11:35 AM #7
- Join Date
- Feb 2017
- Posts
- 3,473
When you apply for multiple credit cards at the same time without each one knowing about the other tone. Similar to double-funding, but with credit cards.
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03-21-2023, 01:06 PM #8
- Join Date
- Mar 2023
- Posts
- 37
send it over, we'd love to work with them - can also come behind another position or potentially beat an offer on the table
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03-21-2023, 01:12 PM #9
- Join Date
- Dec 2021
- Posts
- 638
I believe hes saying to get a split-cc deal....Unless Ace wants it they are out hustling me plain and simple .... move over for ACE!
Marcus Clapman
Capybara Capital
marcus@capybarausa.com
www.capybarausa.com
646-708-5986 (Text Friendly!)
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03-21-2023, 04:59 PM #10
- Join Date
- Feb 2014
- Location
- Florida
- Posts
- 266
As long as most recently filed corp tax return shows a profit (any profit) and at least $50K in gross receipts, this one should qualify for a $50K SBA Micro Loan.... takes 2 - 3 weeks to close and fund. 10 year term, payment would be about $745/month. Soft credit pull must show minimum of 700 Fico 8 score.
Shannon Harris
Funding Specialist
888-705-8818 phone
239-790-2664 fax
Shannon@StellarBusinessFunding.com
www.stellarbusinessfunding.com
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03-23-2023, 02:33 PM #11
This would prequalify for the new Fast (BOLT) SBA process, traditional term loan, and LOC products.
Steve Benjamin
Professional Business Loans
522 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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03-23-2023, 02:59 PM #12
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,509
A lot of staffing companies use receivables financing to help with their working capital needs. There are plenty of factors that will provide a facility for a healthcare staffing company this small. Term loans, SBA, and LOCs usually don't help as there is a constant need for working capital to meet payroll.
Way too small for me.......Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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03-23-2023, 05:21 PM #13
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Banks really like professional practice clients. 350k per year can result in 250k or more with one or more legitimate CONVENTIONAL (without an SBA guaranty) credit instruments. Older Guy's call for the Bolt product for 150k is spot on- as long as the client has a strong ETRAN (SBA scoring model) score. Documents needed for conventional credit lines are the same as an MCA: app, 6 banks, driver's license etc.
Our Partner Banks (names you all know) would probably yield one or more unsecured credit lines for a Health Care practice. Since everyone on this blog understands that Merchants are always seeking more funds, the opportunity to arrange more funds for them increases once they trust you. Bringing them to the Bank fosters trust.
Video link:
https://bccusa.com/referral-partners/
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