[KTK]

My client got an offer from square seems unbeatable but throwing it out there if anybody else has gone through this and figured out anyway to overcome

Square offered:

$18,000 funding
$20,250 payback
9% credit card split payback

[CLucas]

That's a hell of an offer for this industry

[Money2Fund]

pm the specific details the client is looking for and I can have my underwriting take a look at it

[GMFunding]

How much do they gross, TIB, FICO?

[IKorie]

Yep that sounds like Square, They have undercut me on a few deals.

[KTK]

$45k/month gross that's one of 7 locations. Been in biz many years, 620 fico

Needs $60-75K and enough offers from square for each location to get there.

[down to fund!]

Would love to get the opportunity of putting together a exceptional loan for this business!

Please email me michael@smallbusinesscs.com

[Michael I]

That's a hell of an offer for this industry

in terms of rates , but they are pretty low on dollar amount given .

[GMFunding]

Not going to beat the cost but you can definitely get to a 1.20 15 month for this deal around 35-50K, daily ACH if you have a good deal with ODC or CAN. PM me if you don't.

[KTK]

Yeah I brought him a 1.22 it's still 10 points more. I guess this post was more about a general conversation on different trends and things happening in the industry - rather than actually thinking I would beat the rate.

[GMFunding]

AML offers a 1.12 6 month ACH, 1.18 12 month. Pretty heavy on the stips from what I remember though.

[skideeppow]

that is a crazy offer.

[blKC]

Unless I am missing something, this estimated to be a 5 month deal? That is 1.288 annualized factor.

Where is the unbeatable part?