Lenders doing $400K?
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  1. #1
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    Lenders doing $400K?

    General working capita, retail. Doing $4M. Thanks in advance.

  2. #2
    whats the reason all your go-to lenders declined?
    David Kanner
    MNR Capital Group
    E: david@mnrcapitalgroup.com
    P: 201-212-6447

  3. #3
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    No one declined. Simply considering new options before we submit. Far as I know, On Deck is capped at $250K and we aren't interested in submitting to the others who claim they can fund $2M but are humorously capped at 12 mths, or whatnot, don't fund in CA, etc etc. Like to have a back up just in case our first choice is a decline.

  4. #4
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    Quote Originally Posted by Quickfunder View Post
    General working capita, retail. Doing $4M. Thanks in advance.
    If it is a good file based on revenue time in business daily balances profit margins and credit my company can do 400k. We cap at 12 months but first position deal work like a line of credit with true add ons that extend the terms out longer. They do not pay for new money until they finish the old balance. Fell free to call me.


    Scott Platto
    scott@tmrnow.com
    tmrnow.com
    212-220-9872

  5. #5
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    Will fund up to $500,000 but it has to qualify based on the credit card processing sales. We exclusively fund credit card sales based MCAs and remit payment via direct split with certain processors or Lockbox.
    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

  6. #6
    Senior Member Reputation points: 72398 Olderguy's Avatar
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    How quickly do they need the funds?.....you can do a LOC in days and $500K SBA 7A with Cadence Bank or Tab bank...fund in 25 days through SmartBiz. Term loan through Funding Circle and one other lender there in 2 weeks.
    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.

  7. #7
    Capitalize maxes out at 500k

    Email charles@capitalizegroup.com if you still need it.

  8. #8
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    Quote Originally Posted by Quickfunder View Post
    General working capita, retail. Doing $4M. Thanks in advance.
    You need to provide more detailed information.

    Starters revenue is $4M per year or month?
    T.I.B.
    Business Profitable?


    **Note, $400K , MCA $$ is a high cost of "general working capital"
    Have you attempted to obtain a longer Term loan? SBA?
    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

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