Results 1 to 8 of 8
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03-21-2023, 04:21 PM #1
- Join Date
- Sep 2015
- Posts
- 12
Who offers Business Lines of Credit?
Outside of Rapid, who offers business lines credits?
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03-21-2023, 04:22 PM #2
- Join Date
- Aug 2022
- Posts
- 38
ARF , Bluevine, headway
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03-21-2023, 04:24 PM #3
Headway have to use a superbroker and limited to $150K
BlueVine - up to $250,000
SmartBiz has a good one up to $150,000 paying 2% and great terms
Just got a SBA 7A for $350,000 for a client and are working on a LOC with SmartBiz:
interest only payments are more manageable, lower interest rates (8.99%+SOFR - 29.99%+SOFR), 75k-150k, single origination fee - no draw fees. Very quick funding option.
I believe his terms would fall in the 8.99% +SOFR @ 100k bracket.
Go into their portal and put $150,000 loan amount and request LOC with the rep.
Here's a contact over there...
Matt Grotzinger
Senior Partner Success Manager
P: (512) 792-3567
E: matt.grotzinger@smartbizloans.comLast edited by Olderguy; 03-22-2023 at 11:16 AM.
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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03-22-2023, 10:41 AM #4
- Join Date
- Feb 2023
- Location
- New York
- Posts
- 57
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03-22-2023, 10:42 AM #5
- Join Date
- Sep 2015
- Posts
- 12
Thank you
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03-22-2023, 10:48 AM #6
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Ohio Digital Health firm averaging 130k per month, with 2 MCA positions equaling 136k (paying $26,700 per month). Client closed 2 separate Unsecured lines of credit through the BCCUSA Marketplace for $350k in 13 business days. Payments went down to less than 4k per month, with realized monthly savings of over 23k per month! Broker earned $9875 on a client refusing daily or weekly payments. When established clients with strong credit only want Monthly-Payments find out how to provide them access to all commercial and industrial lending instruments available. https://bccusa.com/referrals-partner-tell-us-more/ Or email teambccusa@bccusa.com
Partner Banks: Bank of America, Citibank, Bank Of the West, M&T, TD and many many more.. If clients refuse daily or weekly reach out
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03-22-2023, 11:48 AM #7
- Join Date
- Sep 2015
- Posts
- 12
"Broker earned $9875 on a client refusing daily or weekly payments." What is meant by this statement in your post? REFUSING.
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03-22-2023, 03:17 PM #8
- Join Date
- Jan 2019
- Posts
- 140
Imap, United, NFG, or any John Braun, Benny A affliiation are offering LOCs
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