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06-13-2023, 01:16 PM #1
- Join Date
- Jun 2023
- Posts
- 21
True Line of Credit
Are there any non MCA lenders that offer decent line of credit? Strong client with 720 Scores 2M monthly deposits Tax returns.
Please advise.
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06-13-2023, 01:53 PM #2
- Join Date
- Feb 2017
- Posts
- 3,463
Headway, Bluevine, Fundbox, any local, a factoring facility would work...... the trick is knowing how to monetize these things of course. Fee agreements, ISO agreements, referrals, etc.... And of course, if the client already has a bank LOC, will they accept the secondary places like Bluevine/Headway that have higher rates?
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06-13-2023, 02:07 PM #3
Newtek:
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%
Financial Lynx
$250,000 LOC that are stackable.
Alex Cespedes
Account Manager
FINANCIAL LYNX
(347) 996-6463
alex@financiallynx.com
You will find those traditional LOC people are more expensive.Last edited by Olderguy; 06-13-2023 at 10:59 PM.
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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06-23-2023, 12:25 PM #4
- Join Date
- Aug 2014
- Posts
- 35
Brickell Capital Finance, Ideal Financial - Both offer a true monthly payment
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