Who offers Business Lines of Credit?
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  1. 03-21-2023, 04:21 PM #1
    markmason21
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    Who offers Business Lines of Credit?

    Outside of Rapid, who offers business lines credits?
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  2. 03-21-2023, 04:22 PM #2
    AGuyWhoFunds
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    ARF , Bluevine, headway
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  3. 03-21-2023, 04:24 PM #3
    Olderguy
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    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.com
    Last edited by Olderguy; 03-22-2023 at 11:16 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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  4. 03-22-2023, 10:41 AM #4
    Seth Davis
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    Quote Originally Posted by AGuyWhoFunds View Post
    ARF , Bluevine, headway
    IDEA, technically OnDeck even though I haven't seen one in a while and they are pretty bad, Fundbox, and Kabbage (now just American Express)
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  5. 03-22-2023, 10:42 AM #5
    markmason21
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    Thank you
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  6. 03-22-2023, 10:48 AM #6
    RichardGerard
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    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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  7. 03-22-2023, 11:48 AM #7
    markmason21
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    "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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  8. 03-22-2023, 03:17 PM #8
    FunYouMan
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    Imap, United, NFG, or any John Braun, Benny A affliiation are offering LOCs
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