Who is a true direct lender for Lines of Credit? THX
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  1. #1

    Who is a true direct lender for Lines of Credit? THX

    Please contact me @
    info@fundswired.com

    Much THX!!

  2. #2
    Senior Member Reputation points: 72398 Olderguy's Avatar
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    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.

  3. #3
    Senior Member Reputation points: 10476
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    Quote Originally Posted by AAl712 View Post
    Please contact me @
    info@fundswired.com

    Much THX!!
    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

  4. #4
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    Quote Originally Posted by closer129 View Post
    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
    bud I hear you talking about all these programs you have but not once I have I seen a filling under tmrnow so you are either a broker or a back door operation at this point can you please provide the name yall file under because tmrnow doesn't exist as a lender.

  5. #5
    Senior Member Reputation points: 10476
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    Quote Originally Posted by Bcooper View Post
    bud I hear you talking about all these programs you have but not once I have I seen a filling under tmrnow so you are either a broker or a back door operation at this point can you please provide the name yall file under because tmrnow doesn't exist as a lender.
    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.

  6. #6
    Senior Member Reputation points: 10476
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    Quote Originally Posted by Bcooper View Post
    bud I hear you talking about all these programs you have but not once I have I seen a filling under tmrnow so you are either a broker or a back door operation at this point can you please provide the name yall file under because tmrnow doesn't exist as a lender.
    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/

  7. #7
    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

  8. #8
    Quote Originally Posted by MJames View Post
    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
    Can you please send the Submission and contact info of Fundbox and Idea Financial please.

  9. #9
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    Quote Originally Posted by FundingGuy View Post
    Can you please send the Submission and contact info of Fundbox and Idea Financial please.
    You cant sign up with fund box right now and idea is slow to sign up of they do sign you up either send to someone that will split with you or get an ach fee signed and apply directly.

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