Best LOC Lender
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  1. #1

    Best LOC Lender

    Hi everyone. I have a merchant in the pharmaceutical industry doing solid numbers, TIB 22 years. 3-4 million annually. Has 1 position open with a remaining balance of 96K. Merchant can pay it whenever he wants based off his credentials. However, he isn't interested in getting another MCA and is looking more for LOC. Any recommendations would be appreciated. Need options with a higher revolving line other than blue vine and fundbox which cap at 150K. Thanks everyone

  2. #2
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    ODC, Rapid, Idea Financial are the best right now.

  3. #3
    Thanks, I appreciate that.

  4. #4
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    You could also apply for him directly through banks and charge a success fee.

  5. #5
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    Quote Originally Posted by Jacob Ivory View Post
    Hi everyone. I have a merchant in the pharmaceutical industry doing solid numbers, TIB 22 years. 3-4 million annually. Has 1 position open with a remaining balance of 96K. Merchant can pay it whenever he wants based off his credentials. However, he isn't interested in getting another MCA and is looking more for LOC. Any recommendations would be appreciated. Need options with a higher revolving line other than blue vine and fundbox which cap at 150K. Thanks everyone
    Don't forget headway, greenwichcapital.

  6. #6
    Senior Member Reputation points: 90564 Olderguy's Avatar
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    Quote Originally Posted by Jacob Ivory View Post
    Hi everyone. I have a merchant in the pharmaceutical industry doing solid numbers, TIB 22 years. 3-4 million annually. Has 1 position open with a remaining balance of 96K. Merchant can pay it whenever he wants based off his credentials. However, he isn't interested in getting another MCA and is looking more for LOC. Any recommendations would be appreciated. Need options with a higher revolving line other than blue vine and fundbox which cap at 150K. Thanks everyone
    I wanted to add... salaryo fundation term loans may be a good option. Plus you can sign up w/ them if you meet their onboarding requirements. His vendor (hes a pharmacy) has a 1st pos so it'd be hard to do a large abl loc over 100k...

    Try smart biz too they have tab bank as a partner and their loc is a good product and you'll get 100k If the deals really as clean as you say.

  8. #8
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    Quote Originally Posted by Olderguy View Post
    ARF Bankroll up to $1M

    Celeste Deal-Maunoir
    Chief Sales Officer
    (Office) 281-215-3888 | (Cell) 832-561-1424 | (Fax) 281-215-3888
    (Email) cdeal@arffinancial.com | (Web) www.arffinancial.com
    I'm glad you're referring him to a good source. I'm glad when you venture into the mca forum you're not referring folks to scammers like family funding group and hybrid (same companies).

  9. #9
    Quote Originally Posted by FCF Fund View Post
    ODC, Rapid, Idea Financial are the best right now.
    Based on what metrics... they're more like could be better, could be worse.

  10. #10
    Quote Originally Posted by Johndough24 View Post
    I wanted to add... salaryo fundation term loans may be a good option. Plus you can sign up w/ them if you meet their onboarding requirements. His vendor (hes a pharmacy) has a 1st pos so it'd be hard to do a large abl loc over 100k...

    Try smart biz too they have tab bank as a partner and their loc is a good product and you'll get 100k If the deals really as clean as you say.
    Fundation onboards brokers? I thought they primarily used institutional partners.

  11. #11
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    Quote Originally Posted by Incbiz440 View Post
    Fundation onboards brokers? I thought they primarily used institutional partners.
    Leonardo Sanchez 888 722 3134

    He's an iso manager

    They won't sign you up if your tib is garbage and deal flow is garbage. So if you have one deal don't sign up friend. If you fund 1 or 2 a paper mcas a month don't sign up. Youll get cut off and ruin a future opportunity to partner with them when you have skin in the game. Goodluck.

  12. #12
    Quote Originally Posted by Johndough24 View Post
    Leonardo Sanchez 888 722 3134

    He's an iso manager

    They won't sign you up if your tib is garbage and deal flow is garbage. So if you have one deal don't sign up friend. If you fund 1 or 2 a paper mcas a month don't sign up. Youll get cut off and ruin a future opportunity to partner with them when you have skin in the game. Goodluck.
    Got it - thanks for the heads up.

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