Lender with Line of Credit (monthly payments)
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  1. #1
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    Lender with Line of Credit (monthly payments)

    Hello evryone, im looking for a lender to sign up with who can provide lines of credit with a monthly payment. Your help is greatly appreciated.

  2. #2
    Senior Member Reputation points: 1755
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    What type of LOC's? What type of files?
    Elon Henek
    HCI - Glen Cove, NY
    Main: 1-516-676-1854
    Cell: 1-516-236-4086

  3. #3
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    Headway, Idea (on well qualified), Ondeck does monthly LOC at times.

  4. #4
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    the current file im working on guy grosses 70k a month with 727 cs 11 months tib manufacturing... a and b files only.

  5. #5
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    headway is ondecks sister company...in oreder to sign up with ondeck i need to gross 1mil a month in funded deals-not there yet...im a 1 man show. ive already found a company that does loc monthly...

  6. #6
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    Quote Originally Posted by ThePlan4You View Post
    headway is ondecks sister company...in oreder to sign up with ondeck i need to gross 1mil a month in funded deals-not there yet...im a 1 man show. ive already found a company that does loc monthly...
    I know plenty that are with Ondeck that do less, however Ondeck is making a push to move away from brokers in general I think and finding reasons to either not onboard people or terminate current ISOs

  7. #7
    Senior Member Reputation points: 72398 Olderguy's Avatar
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    You can access Headway through Splash Advance, a super broker.
    SmartBiz has a LOC product
    Midwest Corporate Capital had a business credit card program that had a LOC checkbook product...I did one for a start up.
    I got one through Rapid a few months back but don't think they are viable anymore.
    ARF Financial has an IO Flex Pay LOC

    BTW TIB probably too short.

    I can do a hard money loan on property if that viable. Just not primary residence.
    Personal loan is possible using personal tax return - TIB wouldn't matter
    Last edited by Olderguy; 05-31-2024 at 11:10 AM.
    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.

  8. #8
    Senior Member Reputation points: 1158
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    Just a repeat of when they cut off ALL their brokers back about 10 years ago
    ---------------------------------------------------------

    Rich McKellar



    www.linkedin.com/in/richardmckellar

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