What happened to the real micro lenders?
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  1. #1
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    What happened to the real micro lenders?

    Does anyone have a contact or know companies that still fund companies that are doing 5K a month?

  2. #2
    Senior Member Reputation points: 72398 Olderguy's Avatar
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    Have you talked to Clark at Lending Valley?

    Mobile Line: 347-536-0528
    Office Line: 347-478-5161 Ext: 104
    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.

  3. #3
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    Their minimum is 15K

  4. #4
    Senior Member Reputation points: 72398 Olderguy's Avatar
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    Quote Originally Posted by FunderFunding View Post
    Their minimum is 15K
    Haven't talked to him in awhile...must have changed his guidelines.

    Granite used to.

    Also Diamond Advance used to as well I heard:
    MCA DEFAULTS OKAY
    No FICO Requirement
    Minimum Funding Amount-$5,000
    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.

  5. #5
    Senior Member Reputation points: 84403
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    Location
    Florida
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    2,930

    Quote Originally Posted by FunderFunding View Post
    Does anyone have a contact or know companies that still fund companies that are doing 5K a month?
    Credit Card Split Funding may be an option
    A general rule of thumb, 50% to 60% of the last 4 months average credit card processing volume.

    If their average is $5K per month - they could possibly secure $3K .
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  6. #6
    Senior Member Reputation points: 8447
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    Our minimum funding amount is $5,000. We look for the merchant to be averaging $7,500 per month in credit card sales to qualify for that.
    Jason H l Sales & Business Development
    Quikstone Capital Solutions l Tampa FL
    Direct Line & Mobile 813-371-8233 l Fax 813-371-8233 l Text 727-492-8812
    Jason.Hausle@quikstonecapital.com
    www.quikstonecapital.com


    Direct Lender Since 2005

  7. #7
    We do them all day! Anything from 5 to 20k funds fast.
    Send me an email: uw@flowcapitalfunding.com

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