Results 1 to 7 of 7
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01-22-2024, 02:04 PM #1
- Join Date
- Oct 2015
- Posts
- 1
Funder for $1 million / month business, LOC or longer term MCA
Who are y'alls go to funders for bigger deals? I have a merchant that has great credit, $1 million a month revenue and would like something along the lines of a line of credit or low rate / long term advance. Any suggestions?
Thanks in advance!
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01-22-2024, 02:11 PM #2
- Join Date
- Dec 2022
- Posts
- 65
What industry and time in business?
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01-22-2024, 02:21 PM #3
- Join Date
- Nov 2019
- Posts
- 672
How much is the merchant looking for? My first position deals work sort of like a line of credit. Once the merchant gets to 50% of the balances paid in we just add the new money to the back end of the old which extends the term out longer and the payment stays the same. Merchants can take money for 5 years or more and 25 times or more and pay on a 6-9 month term rate. If they take less than qualified for they can come back before the 50% mark and we will still add the new money to the back end and just readjust the payment to keep only one payment.
Scott Platto
Scott@tmrnow.com
212-220-9872
tmrnow.com
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01-22-2024, 02:42 PM #4
I never understood why brokers don't put in all the known info in the initial post such as time in business, INDUSTRY TYPE, credit score if known, number of deposits per month, ADB, ending balance, etc...
It's like a poker hand; it's never only about the dollar amount or only one variable.Last edited by ridextreme; 01-22-2024 at 02:45 PM.
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01-22-2024, 05:45 PM #5
- Join Date
- Jul 2014
- Location
- Jackson Hole Wy
- Posts
- 727
MCA TVT capital. But if the client wants something better try Asset Based TErm loan or LOC. Needs AR/Equipment/Collateral/Inventory or good financials and TR.
bzuniga@omegafund.com
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01-22-2024, 06:58 PM #6
if its second position and on we would be able to look at it
Depending on
~Industry
~Position
~Revenue
Funding all states
Direct Funder
1 hour approval
Full commission on renewals
Weekly payment available
Early payment discounts
Truly relationship based funders
Paz Funding Source LLC
310-845-6112
Dan@PazFundingSource.com
ALL submissions should be sent to Partners@PazFundingSource.com with CC to dan@PazFundingSource.com for quickest response.
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01-23-2024, 01:30 PM #7
- Join Date
- Nov 2022
- Location
- NYC
- Posts
- 48
Libertas, Samson, Tvt, Wall, Fora, Mulligan imo are the biggest players. Backd funds big dollar amounts as well but not too familiar with their box.
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