Need bridge on ar ( factoring )
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  1. 01-11-2024, 02:28 PM #1
    Jhowen19
    Jhowen19 is offline
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    Need bridge on ar ( factoring )

    Got a merchant with 500k+ in account receivables & needs 50k this month, he is willing to do a bridge, contact me at.

    Joey Novac

    Ace Of Champions, LLC

    Direct: 646-377-2846
    Email: Submissionsjace@gmail.com
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  2. 01-13-2024, 12:00 AM #2
    Ehenek
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    Does he have inventory, equipment, or real estate?
    Elon Henek
    HCI - Glen Cove, NY
    Main: 1-516-676-1854
    Cell: 1-516-236-4086
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  3. 01-15-2024, 12:23 PM #3
    ECF
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    Express Cash Flow might take a look at it if there is real estate.
    Info@ExpressCashFlow.com
    www.ExpressCashFlow.com
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  4. 01-15-2024, 12:54 PM #4
    Olderguy
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    A real estate bridge will normally take 30 days needing an appraisal and underwriting.
    Last edited by Olderguy; 01-15-2024 at 04:11 PM.
    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.
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  5. 01-15-2024, 04:00 PM #5
    8FigureFunder
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    Do they offer any ISO or Broker program?
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  6. 01-15-2024, 04:18 PM #6
    omegafund
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    Quote Originally Posted by Jhowen19 View Post
    Got a merchant with 500k+ in account receivables & needs 50k this month, he is willing to do a bridge, contact me at.

    Joey Novac

    Ace Of Champions, LLC

    Direct: 646-377-2846
    Email: Submissionsjace@gmail.com
    Invoice factor that. though you may want to look for spot factor who will do short term 1 deal. Other factoring companies usually want 12 month commitment to factor the invoices for at least 12 months. But if he only needs 50k and only for 1 time deal not worth it for me to factor. get him a loc or MCA.

    bzuniga@omegafund.com
    www.omegafund.com
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  7. 01-15-2024, 04:23 PM #7
    Olderguy
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    Loan amount is too small...unless you do a cash out hard money and take out a first position to increase the loan amount over $100,000.
    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.
    Reply With Quote Reply With Quote

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