[Funded333]

Hello everyone. I currently have a merchant in two positions. One for 35k ending in January and one for 10k ending in November.680 credit score. Makes 150-200k a month and is seeking a Line of credit for 100k with monthly payments. If anyone wants to help me out that would be greatly appreciated.

[Yankeeman07]

Does Merchant have FICO - 700+

Merchant seeking secured or unsecured business line of credit?

[Funded333]

680 credit score. Merchant would be open to either as long as we can push for a monthly payment

[Incbiz440]

680 credit score. Merchant would be open to either as long as we can push for a monthly payment

Smartbiz monthly, Plexe and ARF weekly but standard interest no factors.

[Funded333]

Thank you!

[FundingCaptain]

What I offer may or may not help this current merchant you are trying to assist but may help others in the future.

My first position products have a renewal that mimics a line of credit due in part to our true ADD-ON's rather than refinancing the residual balance.

So if we paid off open positions they would get 1st position pricing OR offer a stack now BUT give them an add-on renewal with 1st position pricing upon renewal since one of those advances will be paid off and the other should be low enough to get rid of if not paid off by then.

Lastly, based on what you stated, they may qualify for our Bi-Monthly Program! Its a payment every 10 Business days (twice per month) and I will be honest, it s hard to qualify for, but we do offer it to those who meet the criteria.

If interested in discussing this further im easy to reach at my contact below. Either way good luck with finding a home for the deal!

[diditevenfund]

Headway, Ondeck, Idea

[Olderguy]

Headway, Ondeck, Idea

If not signed up, you can access these lenders through super broker:

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

[Olderguy]

Smartbiz monthly, Plexe and ARF weekly but standard interest no factors.

If not connected with SmartBiz, here's a contact:

Anthony Ortiz
Manager, Partner Success
(c): 760-444-4757
anthony.ortiz@smartbizloans.com

[diditevenfund]

If not signed up, you can access these lenders through super broker:

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

This super broker going to be certain to contact the ISO every draw to pay? Why these situations are the worst, sign up direct.

[Olderguy]

This super broker going to be certain to contact the ISO every draw to pay? Why these situations are the worst, sign up direct.

Some of those lenders aren't taking on new ISO's and others have volume requirements where broker's won't qualify. That's why a super broker is an appropriate option.

[STAR CAP]

Try Financial Lynx

[Olderguy]

Try Financial Lynx

Not had good luck with them. Had good communication experience with Lexington but not funded anything. Last one got declined.

[NeedmoreISOS]

Hello everyone. I currently have a merchant in two positions. One for 35k ending in January and one for 10k ending in November.680 credit score. Makes 150-200k a month and is seeking a Line of credit for 100k with monthly payments. If anyone wants to help me out that would be greatly appreciated.

Thank you for sharing the details regarding your merchant's financial position. With a 680 credit score and consistent monthly revenue in the range of $150k to $200k, your merchant may be a good candidate for a business line of credit.

For a $100k line of credit with flexible monthly payments, I recommend looking into companies that specialize in small to medium-sized business funding. Options like Fundbox, OnDeck, and Headway Capital offer tailored solutions with competitive rates and flexible repayment terms.

Fundbox – Known for its easy application process and fast funding, Fundbox offers lines of credit up to $150k with flexible terms.

OnDeck – They provide a range of lending options, including lines of credit up to $100k. They cater to businesses with solid monthly revenue and offer terms with predictable monthly payments.

Headway Capital – Headway Capital also offers flexible credit lines with monthly repayment schedules, ideal for businesses looking to manage cash flow.

It might be worth exploring these options to find a lender that fits your merchant's specific needs. Feel free to reach out if you'd like to discuss further!

[H2learn]

So is it impossible to find lenders who will deal with new ISO's?

[Olderguy]

So is it impossible to find lenders who will deal with new ISO's?

Use a super broker, SmartBiz may be able to sign you up.

[diditevenfund]

Some of those lenders aren't taking on new ISO's and others have volume requirements where broker's won't qualify. That's why a super broker is an appropriate option.

Doesnt change the fact you may not see a dime of residual draws

[Olderguy]

Doesnt change the fact you may not see a dime of residual draws

Develop a relationship with the superbroker and also stay in touch with the merchant to address this issue.

[diditevenfund]

Develop a relationship with the superbroker and also stay in touch with the merchant to address this issue.

Or establish yourself better and get the relationship directly.

[JohnWeiss]

I think that with less than 700 fico, 100k would be hard.... but i think we can make a 60-70k revolving LoC?

Let me know if i can help!