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02-06-2024, 01:29 PM #1
- Join Date
- Feb 2022
- Posts
- 22
What is the longest term mca
I have a client who is looking for a long term MCA or a line line of credit. He needs cash now so a SBA is out of the question. Any help would be appreciated. Thanks.
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02-06-2024, 01:33 PM #2
18 months is common. Some may go 24 months but that is not so common
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02-06-2024, 01:36 PM #3
asset based lending
A/R, A/P, inventory, real estate, assets
I can do a Heloc or personal loan in a week
Cash out on equipment within a week too.
All better options than long term MCA.Last edited by Olderguy; 02-06-2024 at 02:03 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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02-06-2024, 01:39 PM #4
- Join Date
- Dec 2022
- Posts
- 65
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02-06-2024, 01:46 PM #5
- Join Date
- Mar 2020
- Posts
- 133
I've seen 36 and 48 months from Kapitus. Pretty expensive and rare, but I have seen it for well qualified large files.
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02-06-2024, 02:28 PM #6
- Join Date
- Feb 2017
- Posts
- 3,411
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02-06-2024, 02:28 PM #7
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02-06-2024, 02:39 PM #8
Last edited by Olderguy; 02-07-2024 at 07:05 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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02-06-2024, 04:28 PM #9
- Join Date
- Nov 2019
- Posts
- 671
My company goes out 912 months depending on time in business credit ending daily balances and industry. But our first position renewals work a little like a line of credit so shorter the term the better. When we renew we just add the new balance to the back of the old balance and the payment stays the same. The only get charged on the new money and they use the new money while they are still paying off the old balance so it extends the original term out. This will probably be the best option for the merchant to get the most money in the long run at the cheapest cost and you have a renewal every few months.
Scott Platto
scott@tmrnow.com
tmrnow.com
212-220-9872
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02-06-2024, 05:14 PM #10
- Join Date
- Dec 2023
- Posts
- 29
Give us a shot!, will pay 12 points on the deal, send the sub to nick@pinnacleadvances.com
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02-06-2024, 05:17 PM #11
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02-06-2024, 05:21 PM #12
- Join Date
- Dec 2023
- Posts
- 29
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02-06-2024, 05:57 PM #13
sincere apologies sir.... i was mistaken. you cap is 32 weeks/160 days (not 24 weeks)
no false accusations... just restating what you publicly stated a month ago.
https://dailyfunder.com/showthread.p...light=pinnacle
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02-07-2024, 04:36 AM #14
- Join Date
- Oct 2022
- Posts
- 280
CAN YOU PROVIDE MORE CONTEXT HERE TO HELP IDENTIFY WHAT INSTRUMENT YOU SHOULD BEST UTILIZE? MCAs tend to go in my experience just below 2-years and thats if they are A+ paper and a direct lender backed by TRUE institutional money. Your client may need to come to reality but I am only speculating here without having all the proper data I would recommend in a discovery call.
Elon Henek
HCI - Glen Cove, NY
Main: 1-516-676-1854
Cell: 1-516-236-4086
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02-08-2024, 06:36 PM #15
- Join Date
- Jan 2014
- Posts
- 1,372
if its first position, solid credit, and good industry no one is coming close to Ondeck online checkout 24-36 months
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02-08-2024, 10:13 PM #16
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,939
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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