Results 1 to 9 of 9
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04-15-2023, 05:46 PM #1
- Join Date
- Jun 2020
- Posts
- 1
Who is a true direct lender for Lines of Credit? THX
Please contact me @
info@fundswired.com
Much THX!!
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04-16-2023, 09:23 AM #2
Look here under providers:
https://www.funderintel.com/community
https://www.funderintel.com/business-line-of-credit
Here's a few
Rapid
BlueVine
Financial Lynx
Greenwich Capital
Newtek collateralized
Not direct lenders per se, but access to programs:
Midwest Corporate Credit has a business credit card LOC.
BizLoans does too.Last edited by Olderguy; 04-17-2023 at 12:22 AM.
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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04-17-2023, 11:56 AM #3
- Join Date
- Nov 2019
- Posts
- 679
If we are first position we work a little like a line of credit. Upon or renewals at around 50% paid in we do not refinance the old balance and double charge on the old balance and cut the old term in half. We only charge the merchant on the new money which gets added to the back of the old and the payments stay the same and when the old is finished they start on the new balance. If the merchant takes less than the approval amount they can come back for more at anytime and we will either readjust the payment and add the new money to the back of the old one or add a second payment depending on the best situations at the time.
Scott Platto
scott@tmrnow.com
tmrnow.com
212-220-9872
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04-20-2023, 01:37 PM #4
- Join Date
- Jun 2021
- Location
- miami
- Posts
- 436
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04-20-2023, 02:30 PM #5
- Join Date
- Nov 2019
- Posts
- 679
We do not file ucc unless the merchant starts to default and we have a small default rate. We pull under total merchant resources. We are a funder and we do not backdoor anyone we build strong relationships with our brokers and i value my brokers relationships we have. We do not except files from companies that have files on other companies apps because the file was probably backdoored to them or sold to them as a lead. I can conference you in with some of my brokers and they can tell you that we are a funder and we take care of our brokers.
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04-20-2023, 02:38 PM #6
- Join Date
- Nov 2019
- Posts
- 679
Look at the list of funders on debanked. https://debanked.com/merchant-cash-a...nce-directory/. And you can see our add on debanked here. https://debanked.com/2023/04/are-can...elf-promotion/
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04-20-2023, 02:49 PM #7
- Join Date
- Apr 2021
- Posts
- 36
Rapid Finance - max up to 55K (bit pricey and hard to get approved atm)
BlueVine (sucks)
Fundbox ( low dollar amounts and only 12 or 24 week terms)
Idea Financial ( max 250K, no monthly payments any more atm, hard to get approved)
headway (monthly payments, 50/50 shot at approval, need 625-650 cs)
OnDeck ( Pricey but easy, weekly payments)
Hope that helps, btw I have access to all of these! Dm me if you need to sub
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05-25-2023, 05:07 PM #8
- Join Date
- Mar 2023
- Posts
- 47
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05-25-2023, 05:13 PM #9
- Join Date
- Apr 2017
- Location
- 1301 NJ-36, Bldg#2, Ste#5, Hazlet, Nj, 07730
- Posts
- 143
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