Need funder for LOC $500-900K
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  1. #1

    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

  2. #2
    Quote Originally Posted by marucus View Post
    let me look at it and see what i can do email me or call me at 845-587-2713
    marcus@katancapital.com.

    looking forward.
    What funder are you with?

  3. #3
    Senior Member Reputation points: 78889 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    2,342

    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.com
    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
    send to PIRS

  5. #5
    Quote Originally Posted by dereddollar View Post
    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
    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

  6. #6
    Quote Originally Posted by marucus View Post
    myself
    lol gtfo of here

  7. #7
    i am able to do a LOC

  8. #8
    Senior Member Reputation points: 78889 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    2,342

    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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