687 FICO+ Client Doesn't want Credit Pulled Prior to Pre-approval; needs Monthly Pmt
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  1. #1
    Senior Member Reputation points: 20465 Fundyman's Avatar
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    687 FICO+ Client Doesn't want Credit Pulled Prior to Pre-approval; needs Monthly Pmt

    I have a client who doesn't want to have their credit pulled prior to pre-approval, but has good FICO 687+.
    Does not to have UCC unnecessarily filed on his businesses but no problem signing PG.

    Looking for $250K loan w/ monthly payments, and decent rates (no higher than 15%; terms 2-5yrs).
    Grosses $1.1M+ among 4 businesses as follows:

    Biz #1: 600K+/yr operated by owner.
    Biz #2: $132K/yr owner collects rent.
    Biz #3: $180K/yr owner collects rent.
    Biz #4: $228K/yr owner collects rent.

    If you are a RELEVANT DIRECT BUSINESS LOAN LENDER DOING MONTHLY PAYMENTS ONLY,
    Please PM me or email: solidmerchantsolutions@yahoo.com ASAP.
    Last edited by Fundyman; 06-16-2015 at 12:15 PM.

  2. #2
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    Try FCircle, they'll do a soft pull for a pre-approval. Rates after 2 years will exceed what you mentioned but all the other parameters meet the request.

  3. #3
    Senior Member Reputation points: 20465 Fundyman's Avatar
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    Quote Originally Posted by GMFunding View Post
    Try FCircle, they'll do a soft pull for a pre-approval. Rates after 2 years will exceed what you mentioned but all the other parameters meet the request.
    Tried them already. I thought they were crazy when they declined.

  4. #4
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    If they told you why they declined you may have other options.
    You should also ask your client to pull their own credit report.
    Bob Shaw
    734.929.3800
    rshaw@advancecredit.com

  5. #5
    Senior Member Reputation points: 1422
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    Have the client pull his own credit report and run it by Harry @ Metrix
    Isaiah Clark
    General Merchant Funding
    Hartford, CT 06103

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