[Kapital]

Hello Brokers,

I had to step away from the business loan industry a couple of years ago because double brokering on loans was cutting into my commissions, making it unsustainable to continue.

Now, I’m looking to re-enter the industry and want to work exclusively with reputable DIRECT LENDERS for a variety of loan products, including:

MCA (Merchant Cash Advances)
Equipment Financing
Lines of Credit (LOC)
Term Loans
Working Capital
SBA Loans
Accounts Receivable & Purchase Order Financing
Asset-Based Loans
Franchise Loans
Fix & Flip Loans
Commercial Real Estate Loans, etc.

If anyone here has a list of direct lenders for these loan products or can point me in the right direction, I’d greatly appreciate your help.

Looking forward to learning and collaborating with this community!

[aaron4235]

Lexington

[Kapital]

I took a look they're brokers

[Olderguy]

Lexington and Midwest Corporate Credit both work with local banks to get credit card programs for merchants. They both charge success fees. They aren't a direct lender, per se, but do work directly with banks.

Documents Needed business credit cards:

. Tri merged credit report
. Below 25% utilization on all revolving Personal credit lines(we can consult the client on that we
will still Pre approve if over utilized)
All Industries are accepted!
This program has NO minimum Time in business requirement, NO minimum revenue
requirement

Keep in mind as well both of these programs can be run with a Co signer as well!
MCA positions do not matter for either of these programs and neither do MCA Defaults!!
(bank loc may depend if high MCA debt affects their debt schedule, we do have ways around)
True start ups can utilize this program to get their business moving and declines can be
monetized by utilizing a Co Signer!

Typical Turnaround time is between 2 - 4 weeks depending on a few factors.

THIS IS BUSINESS FINANCING!! NO CREDIT CARD OR LINE OF CREDIT WILL REPORT
ON THE PERSONAL CREDIT(unless the client goes 150 days late)

The success fee can be charged as 10% 12% or 15% depending on what the client / partner is
comfortable with.


BAILEY BLASDEL
Business Finance Consultant
Midwest Corporate Credit
(630) 974-5507
(630) 281-5915
Bailey@midwestcorporatecredit.com
www.applymidwest.com

Tom McCauley
Lexington
516-426-5391
Tom@lexingtoncapitalholdings.com

[Olderguy]

Hello Brokers,

I had to step away from the business loan industry a couple of years ago because double brokering on loans was cutting into my commissions, making it unsustainable to continue.

Now, I’m looking to re-enter the industry and want to work exclusively with reputable DIRECT LENDERS for a variety of loan products, including:

MCA (Merchant Cash Advances)
Equipment Financing
Lines of Credit (LOC)
Term Loans
Working Capital
SBA Loans
Accounts Receivable & Purchase Order Financing
Asset-Based Loans
Franchise Loans
Fix & Flip Loans
Commercial Real Estate Loans, etc.

If anyone here has a list of direct lenders for these loan products or can point me in the right direction, I’d greatly appreciate your help.

Looking forward to learning and collaborating with this community!

In all honesty that's a pretty outrageous request. Do a search on each category and you will find a lot of answers.

I did a search for you and pulled this old list that's a few years old....I'm sure there are others here who an update it.



A+

Mulligan
Fundshop
Credibly
Rapid

B+

Forward
Simply Funding
Vox
fintegra
Lg
TVT


B/C
Fintap
Everest
Specialty capital
Expansion capital group
Vivian cap
Byzfunder
Merk funding

C/D
Merk funding
CFG
vivian cap

Key Capital - Gil
Infusion - Drew
East Short
Topline
Adventure

Also SBA - completely separate
Equipment - separate
Personal Loans
Business credit card and LOC
Hardmoney property loans

[Olderguy]

Here are some references to equipment lenders:

Tony - he can get deals done that most lender's can't - has no maximum and also can do cannabis.

Equipment Financing Questions to ask....
If you are talking to a trucking company who needs money, ask
Use of funds - equipment financing, working capital or each/both?
Break it down.

Loans up to 7 years and rates 8% and up.

Programs for Fico 680 and up
620 to 680
Below 620

Amount of money requested...

Day cab, sleeper or what
Long haul, short haul or what?
How many truck current own
Type of products hauled
DOT number
Fico
Loan App
4 months business bank statements
Most recent business tax return

Do they require apportioned plate?
Are they Owner Operator or they have drivers?
If have drivers how many driver currently work with them?

If Owner Operator How many years of CDL/ Industry hauling experience?

Is PG a Homeowner or they are renting?

Have they financed or leased a truck before?
How is their current payment history?
If required can we get loan reference from the other lender(s)?

Invoice on truck he wants to buy
Mileage on invoice.
year on invoice
NOTE: Over 500,000 miles and over 10 years old makes it a C-D financing.

For a private party equipment transaction we would need the following:

- Complete condition report (showing make, year, model, with current condition and mileage) - see attached
- Photos of the unit

Once unit is approved then lender will request;
- Copy of title (front and back)
- Bill of Sale

Here are some references to lenders:

Tony Borchello
First Financial
(888) 211-2197
mobile: (949) 800-5767
tonyb@firstfinancialweb.com

Evan Sowa
Senior Account & Finance Manager
Everlasting Capital Corporations
603-351-4725 | 401-771-4883
evan@everlastingcapital.com

Jeff Brannon
Slim Capital
jeff@slimcapital.com
Office: 949-535-2353
Cell: 949-981-0431

Joe Burleson
Equify Financial LLC- Southeast
777 Main St. Suite 3900, Ft Worth, Tx 76102
|C214-673-8575
joe.burleson@equifyllc.com

Hope that helps and is a start...

[Olderguy]

Some SBA loan tips...include projections with your file....

So I got three SBA deals from a broker this week.

Each was looking for 100% to 150% of their revenue in a SBA loan.

Guys - you need to learn how to be a loan officer and use some common sense rather than be just be intake paper filler outers....

One was doing around $800K and seeking $1.5M

And they wanted money to hire people, do marketing, and expand the business.

For the Hell of it I sent it to my contact at the country's largest SBA lender...

She did a cash flow and figured this merchant could get around $175,000.

Now I want to point out, per SBA guidelines, you can't get money to hire people to expand. SBA allows hiring for existing contracts and ongoing business. (Yes I do have SBA lenders that do allow that but that's beside the point)

And that being said, if the merchant would do a 24 month projection of use of funds and the impact on revenue and EBIDTA, they could qualify for a larger loan amount.

So when you submit a SBA loan package, it will greatly enhance your file and possibly allow you to get a larger amount if you simply do your homework.

Here's a sample:

https://docs.google.com/spreadsheets...2#gid=13318722

Here's a blank form to use:

https://docs.google.com/spreadsheets...#gid=252635235

When you do your submission, include an executive summary like the following:

We are seeking $350,000 in SBA 7A financing to:

A. Consolidate business debt and reduce debt payments
B. Obtain working capital to service current bids that are pending awaiting capitalization.

We want to pay off $178,00 in 4 high interest business loans that have a monthly expense of $17,373. A SBA 7A at 6% will reduce this to $1,980 a month = saving us $15,393 a month. Note: We have several vehicles that are required for this industry - debt which is separate on the balance sheet and form 2202.

We are in the process of submitting bids for several new clients. We need $150,000 in additional working capital for labor/materials/overhead to service this new business.

Client A $275 a month
Client B $400 a month
Client C $22,000 a month
Client D $2,600 a month
Client E $300 a month

Total new business bids: $25,5475 a month projected increase in revenue

We are currently billing 103 different clients operating as a contract cleaning company. Covid has had very little impact on our business. During the height of the pandemic, we were performing deep sanitizing so operations grew in sales and net income.

Total revenue for 2021: $1,025,000
Net income: 126,854
Depreciation: 51,500
Net income w/o deprec. 178,354

Total revenue for 2020: $761,109
Net income (437)
Depreciation: 138,672
Net income w/o deprec. 138,235

Total revenue for 2019: $461,435
Net income: 12,825
Deprec: 104,591
Net income w/o deprec 117,416

We have two SFR real estate properties and 1 ten acre of land with equity in all to collateralize this loan.

Fico is a bit below 660 due to a recent purchase of several trucks and use of company credit card equity to help some employees.

[Fundyman]

Some SBA loan tips...include projections with your file....

So I got three SBA deals from a broker this week.

Each was looking for 100% to 150% of their revenue in a SBA loan.

Guys - you need to learn how to be a loan officer and use some common sense rather than be just be intake paper filler outers....

One was doing around $800K and seeking $1.5M

And they wanted money to hire people, do marketing, and expand the business.

For the Hell of it I sent it to my contact at the country's largest SBA lender...

She did a cash flow and figured this merchant could get around $175,000.

Now I want to point out, per SBA guidelines, you can't get money to hire people to expand. SBA allows hiring for existing contracts and ongoing business. (Yes I do have SBA lenders that do allow that but that's beside the point)

And that being said, if the merchant would do a 24 month projection of use of funds and the impact on revenue and EBIDTA, they could qualify for a larger loan amount.

So when you submit a SBA loan package, it will greatly enhance your file and possibly allow you to get a larger amount if you simply do your homework.

Here's a sample:

https://docs.google.com/spreadsheets...f=true&sd=true

Here's a blank form to use:

https://docs.google.com/spreadsheets...f=true&sd=true

When you do your submission, include an executive summary like the following:

We are seeking $350,000 in SBA 7A financing to:

A. Consolidate business debt and reduce debt payments
B. Obtain working capital to service current bids that are pending awaiting capitalization.

We want to pay off $178,00 in 4 high interest business loans that have a monthly expense of $17,373. A SBA 7A at 6% will reduce this to $1,980 a month = saving us $15,393 a month. Note: We have several vehicles that are required for this industry - debt which is separate on the balance sheet and form 2202.

We are in the process of submitting bids for several new clients. We need $150,000 in additional working capital for labor/materials/overhead to service this new business.

Client A $275 a month
Client B $400 a month
Client C $22,000 a month
Client D $2,600 a month
Client E $300 a month

Total new business bids: $25,5475 a month projected increase in revenue

We are currently billing 103 different clients operating as a contract cleaning company. Covid has had very little impact on our business. During the height of the pandemic, we were performing deep sanitizing so operations grew in sales and net income.

Total revenue for 2021: $1,025,000
Net income: 126,854
Depreciation: 51,500
Net income w/o deprec. 178,354

Total revenue for 2020: $761,109
Net income (437)
Depreciation: 138,672
Net income w/o deprec. 138,235

Total revenue for 2019: $461,435
Net income: 12,825
Deprec: 104,591
Net income w/o deprec 117,416

We have two SFR real estate properties and 1 ten acre of land with equity in all to collateralize this loan.

Fico is a bit below 660 due to a recent purchase of several trucks and use of company credit card equity to help some employees.

Extremely resourceful stuff, my guy.

[abfunders]

Re: Steve's "pulled" list

I'd recommend getting a real and updated list from someone who focused on MCA. Just as an example, Fundshop is a broker and everyone has told people to stay away from Infusion (they have been known to not pay brokers) and Key Capital (who was or is a World Global Fund/Solomon/Hybrid entity that does the bait & switch stuff).

Is Vivian still around? The rest isn't too bad. A+ you'd also go with OnDeck and IOU, if you can get onboarded with them. There are a lot of new players that are doing pretty good things. Very interesting that no direct funders actually posted on this thread though. Quikstone is here, TMRNOW is here, Kevin @ Seacoast is here, all direct. If you email me, there's a few introductions that I can make to help you get taken care of with the rest.

[Olderguy]

Re: Steve's "pulled" list

I'd recommend getting a real and updated list from someone who focused on MCA. Just as an example, Fundshop is a broker and everyone has told people to stay away from Infusion (they have been known to not pay brokers) and Key Capital (who was or is a World Global Fund/Solomon/Hybrid entity that does the bait & switch stuff).

Is Vivian still around? The rest isn't too bad. A+ you'd also go with OnDeck and IOU, if you can get onboarded with them. There are a lot of new players that are doing pretty good things. Very interesting that no direct funders actually posted on this thread though. Quikstone is here, TMRNOW is here, Kevin @ Seacoast is here, all direct. If you email me, there's a few introductions that I can make to help you get taken care of with the rest.

Absolutely.....I pulled it from an old posting and I'm certainly not the guy updated on MCA lenders.

[closer129]

Hello Brokers,

I had to step away from the business loan industry a couple of years ago because double brokering on loans was cutting into my commissions, making it unsustainable to continue.

Now, I’m looking to re-enter the industry and want to work exclusively with reputable DIRECT LENDERS for a variety of loan products, including:

MCA (Merchant Cash Advances)
Equipment Financing
Lines of Credit (LOC)
Term Loans
Working Capital
SBA Loans
Accounts Receivable & Purchase Order Financing
Asset-Based Loans
Franchise Loans
Fix & Flip Loans
Commercial Real Estate Loans, etc.

If anyone here has a list of direct lenders for these loan products or can point me in the right direction, I’d greatly appreciate your help.

Looking forward to learning and collaborating with this community!

I work for a tue direct funder. We do the real mca which is the credit card split and we have ach options of qualified. My first position renewals are a true add on like a line of credit of sorts. This keeps merchant for the most part from stacking and staying with you. We will pay off a stack to be a stack if and when it makes sense. We fund A-D paper depending on the deal and what makes it higher risk. Fell free to reach out to me.


Scott Platto
scott@tmrnow.com
tmrnow.com
office 212-220-9872
cell 908-340-9454

[Kapital]

Thanks guys

[aaron4235]

Lexington Capital are brokers but they do superbroker stuff. If you dont have a strong list of lenders you can send them files and they will sub it for you.

[Smari]

Cobalt Funding Solutions!

I am an ISO Rep for them-if you would like to chat more about guidelines and commission structure, shoot me an email! stephanie@cobaltfunding.com

[Jason Sterling]

This is our 20th year in business as a direct lender. We exclusively fund credit card processing based MCA and remit via direct split or Lockbox.

[MCA-VET]

Capybara Capital does the A-Minus-C+-Paper with Longer Terms / Lower-Factors / Whale-Size-Funder.

[tsantagado]

Business Capital Providers is a direct funder. The organization has been in the same location and the office can be visited. We are over 7 years old. Hands on, no funny business.

[Shor Capital]

We are Shor Capital, a direct lender with 7 years of experience, specializing in flexible funding solutions for businesses across all industries. Initially, we focused on Spanish-speaking merchants, including non-resident business owners, and now we’re expanding our reach!

We offer:

✅ Credit Card Split MCA Program – No processing switch required, and we fund even if the merchant had a negative month (as long as they have strong credit card sales).
✅ 1-5 Position Funding – We finance merchants in any position and offer consolidation options to improve cash flow.
✅ Flexible Terms – We tailor funding solutions to meet the unique needs of each business.
✅ High Commissions – Competitive payouts for our partners!

Let us know who is interested.

Contact info:
info@shor.capital
natan.l@shor.capital
877-218-8043
347-436-8236

[Skywalker21]

Re: Steve's "pulled" list

I'd recommend getting a real and updated list from someone who focused on MCA. Just as an example, Fundshop is a broker and everyone has told people to stay away from Infusion (they have been known to not pay brokers) and Key Capital (who was or is a World Global Fund/Solomon/Hybrid entity that does the bait & switch stuff).

Is Vivian still around? The rest isn't too bad. A+ you'd also go with OnDeck and IOU, if you can get onboarded with them. There are a lot of new players that are doing pretty good things. Very interesting that no direct funders actually posted on this thread though. Quikstone is here, TMRNOW is here, Kevin @ Seacoast is here, all direct. If you email me, there's a few introductions that I can make to help you get taken care of with the rest.

I'll triple down on the notion that folks should stay away from infusion. Some of the worst people known to man in the space

[willjacobs]

Hey Kapital!

If you are still looking for lenders with a wide variety of guidelines then reach out to me. I work for The Citrus Group and we specialize in making sure all files no matter the state or industry get an approval!