Results 1 to 7 of 7
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01-11-2024, 02:28 PM #1
- Join Date
- May 2022
- Posts
- 17
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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01-13-2024, 12:00 AM #2
- Join Date
- Oct 2022
- Posts
- 295
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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01-15-2024, 12:23 PM #3
- Join Date
- Jan 2024
- Posts
- 9
Express Cash Flow might take a look at it if there is real estate.
Info@ExpressCashFlow.com
www.ExpressCashFlow.com
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01-15-2024, 12:54 PM #4
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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01-15-2024, 04:00 PM #5
- Join Date
- May 2023
- Posts
- 47
Do they offer any ISO or Broker program?
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01-15-2024, 04:18 PM #6
- Join Date
- Jul 2014
- Location
- Jackson Hole Wy
- Posts
- 732
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
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01-15-2024, 04:23 PM #7
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.
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