SAAS Development Company - Need A/B Paper Lender
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  1. #1

    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

  2. #2
    Senior Member Reputation points: 227882
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    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.

  3. #3
    Senior Member Reputation points: 73140 Olderguy's Avatar
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    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.

  4. #4
    I don't need an SBA, I need a quickly funded MCA from an A paper lender. File is in competition.

  5. #5
    Senior Member Reputation points: 227882
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    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?

  6. #6
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    Quote Originally Posted by downtownfunding View Post
    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
    Capybara Capital...might be able to offer some interesting structures. (depending on biz model, etc).
    Marcus Clapman
    Capybara Capital
    marcus@capybarausa.com
    www.capybarausa.com
    646-708-5986 (Text Friendly!)

  7. #7
    Senior Member Reputation points: 10476
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    Quote Originally Posted by downtownfunding View Post
    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
    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

  8. #8
    send it over, we'll fund - we love the tech industry
    Lynne Ji, Ace Funding Source
    lynne@acefundingllc.com
    (323) 284-6317



  9. #9
    Senior Member Reputation points: 4567 NickHubbard's Avatar
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    Quote Originally Posted by downtownfunding View Post
    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
    https://www.saas-capital.com/
    https://www.htgc.com/saas/
    https://revtekcapital.com/saas-financing/
    https://www.lightercapital.com/
    https://flowcap.com/
    Nick Hubbard
    Senior Loan Advisor
    314-252-0299 - Office
    314-885-2262 - Direct
    nick@elitefactoring.com
    www.elitefactoring.com

  10. #10
    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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