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08-10-2023, 03:46 PM #1
- Join Date
- May 2023
- Location
- Georgia
- Posts
- 3
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?
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08-10-2023, 03:57 PM #2
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,508
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
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08-10-2023, 04:16 PM #3
- Join Date
- Oct 2022
- Posts
- 295
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
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08-16-2023, 11:37 AM #4
- Join Date
- May 2022
- Posts
- 98
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
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09-08-2023, 03:57 PM #5
- Join Date
- Jul 2022
- Posts
- 26
We can fund an A/R line of credit as long as he uses online accounting software.
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09-09-2023, 02:21 AM #6
- Join Date
- Jun 2021
- Location
- miami
- Posts
- 436
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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09-09-2023, 02:22 AM #7
- Join Date
- Jun 2021
- Location
- miami
- Posts
- 436
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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