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10-25-2024, 10:04 AM #1Noob
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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
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10-25-2024, 10:12 AM #2Senior Member
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ODC, Rapid, Idea Financial are the best right now.
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10-25-2024, 10:23 AM #3Noob
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Thanks, I appreciate that.
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10-25-2024, 10:57 AM #4Senior Member
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You could also apply for him directly through banks and charge a success fee.
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10-25-2024, 12:39 PM #5Banned
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10-25-2024, 09:40 PM #6Banned
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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.
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10-25-2024, 09:44 PM #7Banned
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10-28-2024, 07:43 PM #8Senior Member
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10-28-2024, 07:45 PM #9Senior Member
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10-28-2024, 08:22 PM #10Banned
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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.
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10-28-2024, 09:32 PM #11Senior Member
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