Looking for lender that can provide a Term Loan from Accounts Receivables
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  1. #1
    Noob Reputation points: 10
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    Looking for lender that can provide a Term Loan from Accounts Receivables

    680+ client is looking for a $200k term loan from his accounts receivables. Can anyone point me in the right direction?

  2. #2
    Senior Member Reputation points: 338677
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    Quote Originally Posted by sosillas23 View Post
    680+ client is looking for a $200k term loan from his accounts receivables. Can anyone point me in the right direction?
    factor or small ticket ABL-Not a term loan
    Kevin Henry
    VP-Business Development
    Seacoast Business Funding, a division of Seacoast Bank
    561-850-9346
    Kevin.Henry@SeacoastBF.com
    1880 N Congress Ave., Suite 404
    Boynton Beach, FL 33426

  3. #3
    Senior Member Reputation points: 1755
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    Oct 2022
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    How large is the AR and does the entity have any other assets?
    Elon Henek
    HCI - Glen Cove, NY
    Main: 1-516-676-1854
    Cell: 1-516-236-4086

  4. #4
    Quote Originally Posted by sosillas23 View Post
    680+ client is looking for a $200k term loan from his accounts receivables. Can anyone point me in the right direction?
    We may have an option for you. Get in touch.

    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
    - 25k 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

  5. #5
    We can fund an A/R line of credit as long as he uses online accounting software.

  6. #6
    Senior Member Reputation points: 29542
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    Quote Originally Posted by darklordhermes View Post
    We can fund an A/R line of credit as long as he uses online accounting software.
    Hey bud if you are going to advertise your services you need to have an address listed or a link to a website that lists it with your contact information you have neither.
    Midwestern Financial Solutions
    CEO
    Office - (954) 694-6402
    email- Info@midwesternfinancialsolutions.com
    MidwesternFinancialSolutions.com
    Where your box ends ours begins.
    https://www.linkedin.com/company/mid...ial-solutions/
    linkedin.com/in/brandon-cooper-426615267

  7. #7
    Senior Member Reputation points: 29542
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    Quote Originally Posted by sosillas23 View Post
    680+ client is looking for a $200k term loan from his accounts receivables. Can anyone point me in the right direction?
    While you can use the AR as collateral on a loan you are most likely looking for an abl line, feel free to reach out if you need help placing the deal, I don't typically work on ticket sizes that small but I have a few people I could refer you too.
    Midwestern Financial Solutions
    CEO
    Office - (954) 694-6402
    email- Info@midwesternfinancialsolutions.com
    MidwesternFinancialSolutions.com
    Where your box ends ours begins.
    https://www.linkedin.com/company/mid...ial-solutions/
    linkedin.com/in/brandon-cooper-426615267

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