[pjfunds]

Have a merchant doing $2M a Month in Revenue. Ending balances of $300k, no loans. 750 Credit.
Has had 1 MCA with Credibly in the 2020 for $200k and never missed a payment.
Merchant is in California.
What lenders would give a $1M MCA to this business?

[Olderguy]

Since the Deal Bin isn't a MCA bin, and at the risk of being flamed...Anybody with that scenario could probably get a much better loan than a MCA. If you only have experience in the MCA world and want to know about other options that might be much better for this client, reach out.

SBA 7A 10% 10 years, if commercial property owner ocupied, SBA 504 25 years 7.25
% blended. Term Loans. Stacked LOC up to $250 at a crack.


Do some investigation and some discovery with the client and determine what they need that's the best option

Reach out.

[Yankeeman07]

Have a merchant doing $2M a Month in Revenue. Ending balances of $300k, no loans. 750 Credit.
Has had 1 MCA with Credibly in the 2020 for $200k and never missed a payment.
Merchant is in California.
What lenders would give a $1M MCA to this business?

What business owner in their right mind would entertain a $1M MCA Product.

IF - the financials and supporting documents are valid - your business owner has
options -

[abfunders]

What business owner in their right mind would entertain a $1M MCA Product.

IF - the financials and supporting documents are valid - your business owner has
options -

Reasons why to take a $1mm MCA
(a) the financials aren't there or (b) it needs to move quicker than traditional financing and the ROI is there or (d) they are maxed out on their LOC/SBA and the ROI is there or (e) they're not in their right mind, and it's not our job to necessarily put them in their right mind.

Dave, get yourself a product with higher volume and higher margins and maybe you would understand why a merchant would need a large loan and/or specifically an MCA makes sense.

[Olderguy]

Micah:

You may be right and in that case, company needs serious accounting services. I have access to a team that can go in , overhaul a company's finances and get them into a position where they can manage their company's finances to qualify for a much better loan than a MCA.

Accounting team services:

Bookkeeping & Accounting
ERTC
Tax Preparation
Project Work
R&D Tax Credit
Restructuring of Entities
Sales Tax
Payroll
Estate Planning
Cost Segregation

Also, to answer original the question, TVT handles large MCA dollar amounts.

[powerhousecapital]

How do you know tvt this is a form for MCA's why are you making any comments

[Olderguy]

How do you know tvt this is a form for MCA's why are you making any comments

Because I got Andrew and his heavy set brothers EIDL loans...I thnk Andrew refunded his back to the SBA but his brothers kept theirs.

[Yankeeman07]

Reasons why to take a $1mm MCA
(a) the financials aren't there or (b) it needs to move quicker than traditional financing and the ROI is there or (d) they are maxed out on their LOC/SBA and the ROI is there or (e) they're not in their right mind, and it's not our job to necessarily put them in their right mind.

Dave, get yourself a product with higher volume and higher margins and maybe you would understand why a merchant would need a large loan and/or specifically an MCA makes sense.

If the financials are not strong enough for a term loan, show me a company that would risk funding a $1M deal and why?

[Zonefund]

Have a merchant doing $2M a Month in Revenue. Ending balances of $300k, no loans. 750 Credit.
Has had 1 MCA with Credibly in the 2020 for $200k and never missed a payment.
Merchant is in California.
What lenders would give a $1M MCA to this business?

Iou (1.5mill product with 2 year + terms and monthly payments 12%upsell)
Kapitus (24 month terms, 5mill is max i believe, 5-12 upsell, renewals pay on net is downside)
Credit cash. Expect 2-4% payout
Biz2credit. Expect 4 or 5 % payout
Libertas (12m + low buy, not as cheap as credibly, 12 upsell, may be lower if its your first fatty

Go in that order.

Remember credibly is maxed at 400k unless that changed but last resort 400k there and line up 600k behind from cedar, libertas, kapitus(they do 2nds), and last one that's most expensive tvt. Iou does 2nds but need 30 pay history, but maybe they'll get creative with a side by side who knows the balances seem strong.

If they all fail go to:

Cedar advance (1st positions must make like 1m a month + w/ them)
Samson funding (merged with great, good terms)
Tvt
Fox
Fiji funding
Advantage

Go in that order. Don't send out to more then 2 at a time.

[Zonefund]

If the financials are not strong enough for a term loan, show me a company that would risk funding a $1M deal and why?

I could list about 10+ high risk companies that would do it. For the returns.

[powerhousecapital]

Because I got Andrew and his heavy set brothers EIDL loans...I thnk Andrew refunded his back to the SBA but his brothers kept theirs.

do you always disclose personal information of your clients on a website forum or this is just for today ?

[Steven_O]

Iou (1.5mill product with 2 year + terms and monthly payments 12%upsell)
Kapitus (24 month terms, 5mill is max i believe, 5-12 upsell, renewals pay on net is downside)
Credit cash. Expect 2-4% payout
Biz2credit. Expect 4 or 5 % payout
Libertas (12m + low buy, not as cheap as credibly, 12 upsell, may be lower if its your first fatty

Go in that order.

Remember credibly is maxed at 400k unless that changed but last resort 400k there and line up 600k behind from cedar, libertas, kapitus(they do 2nds), and last one that's most expensive tvt. Iou does 2nds but need 30 pay history, but maybe they'll get creative with a side by side who knows the balances seem strong.

If they all fail go to:

Cedar advance (1st positions must make like 1m a month + w/ them)
Samson funding (merged with great, good terms)
Tvt
Fox
Fiji funding
Advantage

Go in that order. Don't send out to more then 2 at a time.

This is value.
This is what this site offered me when I first joined.
Power plays.

Thank you for continuing that kind of sharing!

[Yankeeman07]

Reasons why to take a $1mm MCA
(a) the financials aren't there or (b) it needs to move quicker than traditional financing and the ROI is there or (d) they are maxed out on their LOC/SBA and the ROI is there or (e) they're not in their right mind, and it's not our job to necessarily put them in their right mind.

Dave, get yourself a product with higher volume and higher margins and maybe you would understand why a merchant would need a large loan and/or specifically an MCA makes sense.

"$2M a Month in Revenue. Ending balances of $300k, no loans. 750 Credit."

As a starting point this would lead me to believe their are better options that a MCA.
Maybe their are other issues that would preclude them for obtaining approval for a good term loan.

[Zonefund]

Iou (1.5mill product with 2 year + terms and monthly payments 12%upsell)
Kapitus (24 month terms, 5mill is max i believe, 5-12 upsell, renewals pay on net is downside)
Credit cash. Expect 2-4% payout
Biz2credit. Expect 4 or 5 % payout
Libertas (12m + low buy, not as cheap as credibly, 12 upsell, may be lower if its your first fatty

Go in that order.

Remember credibly is maxed at 400k unless that changed but last resort 400k there and line up 600k behind from cedar, libertas, kapitus(they do 2nds), and last one that's most expensive tvt. Iou does 2nds but need 30 pay history, but maybe they'll get creative with a side by side who knows the balances seem strong.

If they all fail go to:

Cedar advance (1st positions must make like 1m a month + w/ them)
Samson funding (merged with great, good terms)
Tvt
Fox
Fiji funding
Advantage

Go in that order. Don't send out to more then 2 at a time.

Samson merged with grp funding. Great was a typo.

[Bcooper]

Have a merchant doing $2M a Month in Revenue. Ending balances of $300k, no loans. 750 Credit.
Has had 1 MCA with Credibly in the 2020 for $200k and never missed a payment.
Merchant is in California.
What lenders would give a $1M MCA to this business?

Your client should most likely not be taking an MCA they should be taking a few million dollar term loan if EBITDA is in line with revenue. if their books are out of whack we have an accountant who can clean them up while we work on a real loan for them feel free to reach out.