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03-24-2023, 02:43 PM #1
- Join Date
- Jul 2022
- Posts
- 26
Reverses and Lines of Credit
Good afternoon all!
Looking for some lenders who do Reverses and LOC's.
Last few weeks we have been overwhelmed with applications for these products.
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03-24-2023, 03:39 PM #2
LOC
BlueVine up to $250,000
SmartBiz up to $150,000
Rapid I think $60k thereabouts
Headway (through Splash Advance) up to $150,000
Sure there are plenty of others.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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03-27-2023, 02:40 PM #3
- Join Date
- Jul 2022
- Location
- new york
- Posts
- 105
have you found any good lenders who do reverses yet outside the norm? thanks
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03-27-2023, 04:11 PM #4
- Join Date
- Oct 2022
- Location
- Long Island
- Posts
- 54
Aside from the funds we put out on the position side of MCA, we also have a Reverse Consolidation program for those merchants that are over-leveraged and feel like they need some room to breathe. Info is in my Signature
Ben K
Fratello Capital
Direct Funder
Underwriting@fratellocapital.com
www.fratellocapital.com
212-464-8108
NO ORIGINATION FEES!
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03-27-2023, 05:28 PM #5
- Join Date
- Jul 2022
- Location
- new york
- Posts
- 105
Thanks
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03-27-2023, 04:16 PM #6
- Join Date
- Sep 2022
- Posts
- 28
n/a
Last edited by TtheBroker; 04-03-2023 at 07:12 PM.
FL Based Lender
954-271-2862
Always happy to talk money and merchants
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03-27-2023, 06:56 PM #7
- Join Date
- Jul 2022
- Location
- new york
- Posts
- 105
what is the turn-around on LOC program approvals?
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03-27-2023, 04:31 PM #8
- Join Date
- Nov 2019
- Posts
- 673
I do not do reverses. Our first position mca deals act a little like a line of credit. We do not payoff our old balance to renew the merchant. We just extend the term out the payment stays the same and they do not pay on the new money until the old is finished every time the pay in around 50% of the deal. If they take less than the full approval amount we can renew them more frequently by adjusting the old payment and or offering a side by side. The merchant do not need to have perfect credit for this and if they have poor balances we can even funds them as a cc split as long as they accept them.
Scott Platto
Scott@tmrnow.com
tmrnow.com
212-220-9872.
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03-28-2023, 12:57 PM #9
Hey Lenny we specalize in Reverses and would be happy to have you on board
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