[aaron4235]

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.

[Kevin Henry-Seacoast]

Hi Aaron,

What industry? Perhaps there is a better solution.

KH

[Zonefund]

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.

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.

[abfunders]

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.

[aaron4235]

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

[aaron4235]

"What industry? Perhaps there is a better solution.

KH"

Loss Prevention

[Olderguy]

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.

[aaron4235]

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.

Do you have lenders that do good rates on collateralized funding? We thought WBL would be good but these rate theyre giving suck

[Zonefund]

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

If you're using collateral theres many options, your best bet would be to co broker with micah (abfunders). If you're doing mca, the guys i gave u will do the deal. I think biz2credit will wrap it up 4u if its clean.

[Zonefund]

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.

Yes, altbanq (sos capital) too.

If these guys reject it along w the guys i suggested then tvt and cedar are your best bet in my opinion.

[Kevin Henry-Seacoast]

"What industry? Perhaps there is a better solution.

KH"

Loss Prevention

Hi Aaron,

Are they billing for hours worked? What does the accounts receivables look like?

KH

[Olderguy]

Do you have lenders that do good rates on collateralized funding? We thought WBL would be good but these rate theyre giving suck

I am doing 10 year fixed Interest Only at 11.49% annual....less than 1% a month payment. NoDoc real estate loan. 65% LTV on commercial 75% LTV on SFR, multi.

[Kevin Henry-Seacoast]

Hi Aaron,

Are they billing for hours worked? What does the accounts receivables look like?

KH

If they are billing for hours worked, have decent AR outstanding, and billing around 12mil/years...... This could qualify for ABL or a ledgered facility with us. Even factoring would be Prime + 2 or 3.

[Mikefunds]

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

[brokerCompany]

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.

credibly

[Zonefund]

credibly

750k cap i believe

[Zonefund]

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

Arent their term loans paying 2-4 pts

[goatFunding]

Arent their term loans paying 2-4 pts

up to 6 IME

[Zonefund]

Get this done poster

[Mikefunds]

Arent their term loans paying 2-4 pts

Yes, but at like 1.21-1.23 range for 12mo

[abfunders]

"What industry? Perhaps there is a better solution.

KH"

Loss Prevention

Aaron, they're business consultants on preventing company waste/loss/theft? Is that accurate?

[Zonefund]

Yes, but at like 1.21-1.23 range for 12mo

Nope. Last time i used them i got a 15 month 1.10 upsell 5 last year.

[aaron4235]

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