Results 1 to 8 of 8
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05-10-2023, 11:47 PM #1
- Join Date
- Mar 2023
- Posts
- 13
Need funder for LOC $500-900K
I currently have a client who does $1.8 million a month 800 credit score. 1st position looking for a LOC for $500K-1M.
Any recommendations appreciated
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05-11-2023, 09:07 AM #2
- Join Date
- Mar 2023
- Posts
- 13
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05-11-2023, 10:11 AM #3
Newtek offers a Line of credit:
$50,000 -$3,000,000
Renewable 1 year term
Minimum 650 credit score (greater above the 650 min the better)
Collateral – Inventory, Operating Capital (cash), Accounts Receivable can be used for collateral
Receivables need to be 80-100% advance rate
Inventory valued 80-100%
Also you can get stacked $250k LOC from Financial Lynx
Alex Cespedes
Relationship Manager
FINANCIAL LYNX
(347) 996-6463
alex@financiallynx.comSteve 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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05-18-2023, 01:11 PM #4
- Join Date
- Jan 2019
- Posts
- 3
send to PIRS
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05-22-2023, 11:54 AM #5
- Join Date
- May 2022
- Posts
- 98
If this one is still alive we can get these type of deals done.
We have revamped our lending criteria for aggressive offers and maximum deal flow. We pride ourselves on being extremely creative and flexible.
Our Asset Based Lending Criteria:
- Non-primary residences only
- Commercial and investment properties only
- funding up to 50% LTV
- Up to 18 month terms
- Funding in as quickly as 5 days
- 10 point commission
Our MCA Criteria:
- As low as 2k micro funding
- 6 month Min.time in business
- B, C, D paper
- Offers not based on credit score - low credit ok
- Response time (realistically) as low as 60 minutes
- 1st - 5th position - Up to 38% withhold of net deposits
- As low as 1.32 buy rates
- Terms up to 140 days (weekly's upon approval)
- Max Upsell to 15 points
- Early Payoff Discounts
- 15k a month average revenue
- Minimum of 5 deposits per month
- Minimal stips for contract (VC & ID)
- Docusign Contracts
- We also offer asset/inventory/accounts receivable backed term loans/lines of credit. Not MCA based. Bankable rates.
ISO Agreement Link Bellow;
https://na4.docusign.net/Member/Powe...db752ace08&v=2
Michael Ross
Lendbug LLC
New York, NY
Mross@lendbug.com
646-360-0411
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05-22-2023, 12:11 PM #6
- Join Date
- Mar 2022
- Posts
- 63
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05-24-2023, 12:46 PM #7
- Join Date
- Apr 2023
- Posts
- 12
i am able to do a LOC
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05-24-2023, 12:50 PM #8
I can do stacked LOC's at $250K each.
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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