Under 600 fico
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  1. #1

    Under 600 fico

    I have a client who currently has a 590 fico. Retail store in LA. Been around for over 20 years. Current revenues are 300k a month. Has an 11k balance. Looking for 150-200k on a weekly payment or vi weekly if possible.

  2. #2
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    Quote Originally Posted by Keysade View Post
    I have a client who currently has a 590 fico. Retail store in LA. Been around for over 20 years. Current revenues are 300k a month. Has an 11k balance. Looking for 150-200k on a weekly payment or vi weekly if possible.
    I cant promise you that amount on a weekly payment without having the file underwritten. If the balances are not strong enough for a weekly payment we can offer twice a week or three times a week if possible. My renewals work like a line of credit which is great for a retail store that usually needs money for inventory at least a few times a a year.

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

  3. #3
    Quote Originally Posted by Keysade View Post
    I have a client who currently has a 590 fico. Retail store in LA. Been around for over 20 years. Current revenues are 300k a month. Has an 11k balance. Looking for 150-200k on a weekly payment or vi weekly if possible.
    Here at FinTap we would definitely be interested in assisting. Shoot me an email jbruck@fintap.com or text 9175610884

  4. #4
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    Quote Originally Posted by Keysade View Post
    I have a client who currently has a 590 fico. Retail store in LA. Been around for over 20 years. Current revenues are 300k a month. Has an 11k balance. Looking for 150-200k on a weekly payment or vi weekly if possible.
    I would gladly give him an sba loan
    Midwestern Financial Solutions
    CEO
    Office - (954) 694-6402
    email- Info@midwesternfinancialsolutions.com
    MidwesternFinancialSolutions.com
    Where your box ends ours begins.
    https://www.linkedin.com/company/mid...ial-solutions/
    linkedin.com/in/brandon-cooper-426615267

  5. #5
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    Quote Originally Posted by Bcooper View Post
    I would gladly give him an sba loan
    With a 590 FICO ?
    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

  6. #6
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    Quote Originally Posted by Bcooper View Post
    I would gladly give him an sba loan
    You can get a client funded with and SBA with a 590 ???? LMFAOOO

  7. #7
    Quote Originally Posted by Keysade View Post
    I have a client who currently has a 590 fico. Retail store in LA. Been around for over 20 years. Current revenues are 300k a month. Has an 11k balance. Looking for 150-200k on a weekly payment or vi weekly if possible.
    Depends on the what the rest of the file looks like, but we may be able to help here.
    Menachem Rappoport
    menachem@capitalizegroup.com
    347-519-5051

  8. #8
    Quote Originally Posted by Keysade View Post
    I have a client who currently has a 590 fico. Retail store in LA. Been around for over 20 years. Current revenues are 300k a month. Has an 11k balance. Looking for 150-200k on a weekly payment or vi weekly if possible.
    forsure can take a look here

    alexa@americanchoicecapital.com

  9. #9
    since when are 500-600 FICO merchants able to get SBA loans?

  10. #10
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    Quote Originally Posted by FunderFunding View Post
    You can get a client funded with and SBA with a 590 ???? LMFAOOO
    Dont believe me send me a deal, had a 5m approval on a 550 a few months back. All approvals are of course issued by the bank not my firm.
    Midwestern Financial Solutions
    CEO
    Office - (954) 694-6402
    email- Info@midwesternfinancialsolutions.com
    MidwesternFinancialSolutions.com
    Where your box ends ours begins.
    https://www.linkedin.com/company/mid...ial-solutions/
    linkedin.com/in/brandon-cooper-426615267

  11. #11
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    Quote Originally Posted by diditevenfund View Post
    since when are 500-600 FICO merchants able to get SBA loans?
    there are a handful of banks that do not use the fico model, we work with most of them, we use go off a delinquency model.
    Midwestern Financial Solutions
    CEO
    Office - (954) 694-6402
    email- Info@midwesternfinancialsolutions.com
    MidwesternFinancialSolutions.com
    Where your box ends ours begins.
    https://www.linkedin.com/company/mid...ial-solutions/
    linkedin.com/in/brandon-cooper-426615267

  12. #12
    Hi there,

    We'd be happy to explore potential options with you. Contact me directly with more details about the merchant? This will help us determine how we can best assist you. Looking forward to hearing from you soon
    Daniel Gold
    Paz Funding Source LLC
    310-845-6112
    Dan@PazFundingSource.com
    [B]ALL submissions should be sent to Partners@PazFundingSource.com with CC to dan@PazFundingSource.com for quickest response.

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