Results 1 to 24 of 24
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06-24-2024, 10:00 AM #1
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- May 2024
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- 28
Looking for lender to do 1.5m at a 1.18 sell
Business is super well qualified, had some good offers on the file in the past. Looking to get him some more money at a higher $ amount.
Not sure who the best lender to send this out to is. 700 Fico 900k in rev.
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06-24-2024, 10:12 AM #2
- Join Date
- Mar 2015
- Location
- Boynton Beach
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- 3,493
Hi Aaron,
What industry? Perhaps there is a better solution.
KHKevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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06-24-2024, 10:12 AM #3
- Join Date
- Aug 2018
- Posts
- 837
1.18 but at what term? If hes making 900k a month and qualifies your best bets are: kapitus, iou, and biz2credit. breakout (cap at 1mill i believe), wall street funding, rapid (not sure what their max is), would be your best bet since you'd need 12-18+ months to get 1.5mill in one mca with that rev. If they reject it, tvt/cedar would be your best bet i think. All of these guys pay too, be careful with large deals like these.
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06-24-2024, 10:15 AM #4
- Join Date
- Feb 2017
- Posts
- 3,450
Also check out Altbanq (SOS)
Bluevine is doing rates like that too, but they cut off all of us ISOs.
However, most MCA funders won't give 1.5mm to someone doing 900k in revenue.
I have a lender introduction that I can make, but it certainly won't be a 1.18 sell rate.
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06-24-2024, 10:19 AM #5
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- May 2024
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- 28
I have a WBL offer for 2m but they changed their rates and are hitting me with what comes out to be a 1.36 over 12 months which is crazy. If i come back and tell this guy that rate hes going to tell me to go **** myself
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06-24-2024, 10:21 AM #6
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- May 2024
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- 28
"What industry? Perhaps there is a better solution.
KH"
Loss Prevention
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06-24-2024, 10:23 AM #7
1. What's the use of funds for that DTI usage?
2. Collateral - Asset Based Loan? - Invoice factoring?
A/R aging?
3. Hard money real estate?
4. Purchase order financing?
Look at other options other than MCA.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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06-24-2024, 10:25 AM #8
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- May 2024
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- 28
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06-24-2024, 10:28 AM #9
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- Aug 2018
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- 837
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06-24-2024, 10:29 AM #10
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- Aug 2018
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- 837
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06-24-2024, 10:50 AM #11
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,493
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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06-24-2024, 10:52 AM #12Steve 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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06-24-2024, 10:55 AM #13
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,493
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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06-24-2024, 11:06 AM #14
- Join Date
- Mar 2024
- Posts
- 15
Altbanq (sos). You'll only make around a point at that, but you're there with the rate so long as they like the deal
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06-24-2024, 11:13 AM #15
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06-24-2024, 11:14 AM #16
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- Aug 2018
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06-24-2024, 11:54 AM #17
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- Aug 2018
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06-24-2024, 12:00 PM #18
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- Mar 2021
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- 186
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06-24-2024, 01:12 PM #19
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- Aug 2018
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Get this done poster
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06-24-2024, 01:21 PM #20
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- Mar 2024
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06-24-2024, 01:31 PM #21
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- Feb 2017
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06-25-2024, 03:58 PM #22
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06-25-2024, 11:50 PM #23
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- May 2024
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- 28
Got some good offers on it from lenders now. Just lower $ amount than we were hoping for. Recommendations on lenders who will do it with residential collateral ?
We have WBL but the rates are way too high
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06-29-2024, 03:33 PM #24
- Join Date
- Feb 2014
- Location
- Florida
- Posts
- 266
Libertas offers term loans chartered by Web Bank out to 20 months.. weekly/bi-weekly/monthly terms, up to $1.5M.
You could also do a portion with Salaryo, $500k max, 24 monthly payments, true loan, but the bank must successfully link with Plaid. Usually 24% APR.Shannon Harris
Funding Specialist
888-705-8818 phone
239-790-2664 fax
Shannon@StellarBusinessFunding.com
www.stellarbusinessfunding.com
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