[brokerCompany]

Anyone work with Fintap? for advances or the ERC Financing?

[abfunders]

FinTap are great and honest people. Period.

[brokerCompany]

FinTap are great and honest people. Period.

interesting they look like brokers

[abfunders]

They are NOT brokers

[karen]

I do not know Fintap.
But if you are looking for cash advance, most of us can help.
If you are looking for an advance on a ERC, many wont tell you all the fees they will charge you until you sign the agreement.
If you are looking for someone to do your ERC and then will do a advance then I have a couple people. Not sure if they will do an advance on a ERC that someone else helped you with, but I will ask.

[Michael I]

interesting they look like brokers

rdm rebranded as fintap , good honest people and been funders for a long a time with good reputation

https://www.prnewswire.com/news-rele...301399377.html

[brokerCompany]

They are NOT brokers

They broker the ERCT advance. So they broker some deals..

[brokerCompany]

I do not know Fintap.
But if you are looking for cash advance, most of us can help.
If you are looking for an advance on a ERC, many wont tell you all the fees they will charge you until you sign the agreement.
If you are looking for someone to do your ERC and then will do a advance then I have a couple people. Not sure if they will do an advance on a ERC that someone else helped you with, but I will ask.

I have plenty of cash advance guys
Just was looking for ERC advance funds TVT advertised it...

[Olderguy]

I have plenty of cash advance guys
Just was looking for ERC advance funds TVT advertised it...

Here's TVT program:

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
Commission: 4% to 5%


You can also get ERC advance from

https://financeerc.com/

To help expedite the process and receive funds quickly we request ALL information up front.

(You are assessed a one time Administration Fee)

ERTC Bridge overview

Up to 70% LTV on submitted ERTC claims

This is not a lending product. We require no daily, weekly or monthly payments against the money we provide to you or your clients today.

DOCUMENTS REQUIRED:

1) ERC APPLICATION

2) Voided Check

3) A Valid Colored copy of the Driver's License (FRONT & BACK)

a. INCLUDE OWNERSHIP of 20% or More

4) 3- Current Months of Business Bank Statements

5) FORM 8821 & 7216 (MUST BE WET SIGNATURE IN BLACK INK)

6) FORM 941 and 941x included for EACH Quarter the business is requesting the ERC

7) ERC Calculations to support the Filing:

a. Breakdown of wages by type and quarter (CONFIRM PPP Calculation is Subtracted from the ERC)

8) ERC Qualification (Reason) from ERC Filer

9) 2 Most RECENT Quarters of 941's

10) 1- Current Year of Business Tax Return

11) W9

a. By the Authorized Signer(s)

12) Copy of the Operating Agreement, By-laws, or Corporate Formation

[Concord_]

What is the typical turn-around time for a offer on a ERC bridge submission? Assuming everything that is needed is submitted correctly.

[brokerCompany]

Fintap brokers the ERTC loans. TVT brokers it. Fintap has terrible communication. They took 2 weeks to send a generic term sheet then client walked

[Concord_]

Sheesh, I am still waiting for a reply 5 weeks later... I keep getting a reply " In final underwriting"

Any reliable funders you'd refer for fast replies?

[Olderguy]

https://financeerc.com/

[brokerCompany]

Sheesh, I am still waiting for a reply 5 weeks later... I keep getting a reply " In final underwriting"

Any reliable funders you'd refer for fast replies?

southendcapital.com

[Concord_]

southendcapital.com

Thanks!