Results 1 to 10 of 10
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03-28-2023, 11:05 AM #1
- Join Date
- Sep 2015
- Posts
- 40
SAAS Development Company - Need A/B Paper Lender
Hi, I am looking to figure out where to send a SAAS developer who makes fintech software doing 150k-200k/mo across 2 entities, has a 725 credit score
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03-28-2023, 11:21 AM #2
- Join Date
- Feb 2017
- Posts
- 3,463
Don't toss an MCA at a 725 FICO client. Try to pitch him a LOC (with Bluevine or another bank) first and see if it's enough money. If not, then you can go to Ondeck/IOU/Credibly and see what they are offering. SBA is also an option, but it takes forever. All of this is dependent on if he already has senior or other type of debt and how long he's in business for.
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03-28-2023, 11:27 AM #3
Each entity is it's own.
What's Time in Business?
SBA 7A I just did one in 25 days.
Also SBA Bolt program in 2 weeks.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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03-28-2023, 11:47 AM #4
- Join Date
- Sep 2015
- Posts
- 40
I don't need an SBA, I need a quickly funded MCA from an A paper lender. File is in competition.
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03-28-2023, 11:52 AM #5
- Join Date
- Feb 2017
- Posts
- 3,463
What are the competing terms and funder? Submit to Bluevine and try to beat it with a LOC instead of an MCA. I betchya that the deal was shopped already with Ondeck and IOU already though and the broker has exclusivity there. What are you trying to beat?
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03-28-2023, 12:21 PM #6
- Join Date
- Dec 2021
- Posts
- 638
Marcus Clapman
Capybara Capital
marcus@capybarausa.com
www.capybarausa.com
646-708-5986 (Text Friendly!)
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03-28-2023, 01:21 PM #7
- Join Date
- Nov 2019
- Posts
- 691
I fund all types of paper A paper included. Our first postions deals even thou it is an mca does work kind of like a line of credit if the merchant needs money regularly.
Scott Platto
scott@tmrnow.com
tmrnow.com
212-220-9872
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03-28-2023, 02:01 PM #8
- Join Date
- Mar 2023
- Posts
- 37
send it over, we'll fund - we love the tech industry
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03-28-2023, 04:49 PM #9Nick Hubbard
Senior Loan Advisor
314-252-0299 - Office
314-885-2262 - Direct
nick@elitefactoring.com
www.elitefactoring.com
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03-28-2023, 05:35 PM #10
- Join Date
- Sep 2022
- Posts
- 51
Hey. You can submit your deals directly to: eric@overnight-capital.com
Eric Hersh
Overnight Capital
T (929)339-0086
C: (917) 500-3981
www.overnight-capital.com
eric@overnight-capital.com
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