Business line of Credit
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  1. #1
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    Business line of Credit

    Good Afternoon,
    Client that i have funded quite a few times in the MCA Space finally paid off his current advances,
    is looking to get A Line of Credit for 100k
    The industry he's in is Trucking, and his monthly revenue is 130k consistently.

    I'm looking for a really good recommendation where i can apply on behalf of the client,
    I would appreciate any input from the Think Tank Pros on this forum...

    Thank you

  2. #2
    im sure you will find some term loans or even a proper line of credit for the merchant.... However, if they want a free proposal, my company is a direct funder, whom on 1st positions will do an addon renewal that mimics a line of credit rather than refinance the balance (so long as they dont stack on us)

    if you would like to know more, call or email me
    TMRNOW | A Total Merchant Resources Company
    Ariel Avalos – Iso Relations Manager
    377 Hoes Lane, Suite 240, Piscataway, NJ 08854
    Phone: 347-814-6152 | Email: Ariel@tmrnow.com | Web: www.tmrnow.com

  3. #3
    Senior Member Reputation points: 85305 Olderguy's Avatar
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    Irvine, CA
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    Is he factoring his receivables?

    Nicole Matney​​​​
    Triumph
    Sr. Transportation Factoring Sales Consultant
    651 Canyon Drive | Suite 105 | Coppell, Texas 75019
    (214) 705-2892 (Fax)
    | (469) 312-7195 (Office)
    | +1 (214) 3005799 (Mobile)
    www.invoicefactoring.com


    Tom is giving me great service (LOC) with a client and does truckers and auto dealers.

    Tom McCauley
    Lexington Capital Holdings
    tom@lexingtoncapitalholdings.com
    516.426.5391
    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.

  4. #4
    Quote Originally Posted by MovingMoney View Post
    Good Afternoon,
    Client that i have funded quite a few times in the MCA Space finally paid off his current advances,
    is looking to get A Line of Credit for 100k
    The industry he's in is Trucking, and his monthly revenue is 130k consistently.

    I'm looking for a really good recommendation where i can apply on behalf of the client,
    I would appreciate any input from the Think Tank Pros on this forum...

    Thank you
    Plexe is still funding transportation although they seem to be conservative on their approval amounts. Their terms are middle of the road.

  5. #5
    Ondeck or headway if the credit is good

  6. #6
    Senior Member Reputation points: 23468
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    Quote Originally Posted by MovingMoney View Post
    Good Afternoon,
    Client that i have funded quite a few times in the MCA Space finally paid off his current advances,
    is looking to get A Line of Credit for 100k
    The industry he's in is Trucking, and his monthly revenue is 130k consistently.

    I'm looking for a really good recommendation where i can apply on behalf of the client,
    I would appreciate any input from the Think Tank Pros on this forum...

    Thank you
    You could always try traditional banks and apply for them and charge a success fee. Learn which you can apply online

  7. #7
    Quote Originally Posted by WineDownWednesday View Post
    Ondeck or headway if the credit is good
    Rapid too

  8. #8
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    Great advice, i appreciated
    Thank you

  9. #9
    Senior Member Reputation points: 85305 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    2,494

    You can access OnDeck and Headway through Splash Advance:

    David Ashley
    Senior Funding Director
    Mobile: (919).717.9576
    Office: (561).486.9147
    Email: David@Splashadvance.com
    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.

  10. #10
    Banned Reputation points: 2492


    Join Date
    Apr 2024
    Posts
    42

    Is he factoring his receivables?

    the company that he deals with does not allow invoice factoring

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