Gross $175,000 per month avg daily $42,000 fico 498
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  1. #1

    Gross $175,000 per month avg daily $42,000 fico 498

    Client is looking for 100K over 12 to 18 months

    Computer IT and Support Staff

    Over last 6 Months :

    174k in deposits
    9.6 Deposits per month
    avg daily balance 42K
    0 Negative days
    FICO 498

    Owes 20k

    I'm not looking for a collateral deal on this one

    What lender is interested in getting this done and let me know your factor rate

    Need 12 to 18 months term Minimum

  2. #2
    Senior Member Reputation points: 3956
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    I can definitely get this deal looking at a payback of about 130k on 100k. might be negotiable on a factor rate anywhere from 1.35 to 1.39
    Shoot me an email and lets discuss this
    Brent@jdmerchantcapitalllc.com

  3. #3
    Senior Member Reputation points: 32658 Zach's Avatar
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    No one will give this one 12-18 months without collateral.... 498 too risky. LoanMe is a possibility, if their credit pull shows as 500.

    If you can get the collateral, we can do those terms for you!
    Zachary Ramirez – CEO
    Phone: 562-391-7099
    Email: zach@zacharyjosephramirez.com

    1661 N. Raymond Ave #265
    Anaheim CA 92801

  4. #4

    Gross $175,000 per month avg daily $42,000 fico 498

    If the company sells on open terms I can factor their receivables and help you earn additional commissions to the cash advance you are trying to arrange.

    If interested call me to discuss.

    EJ Ortiz
    Cell: (786) 566-3002

  5. #5
    Senior Member Reputation points: 50583
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    PM'd

    Also you can offer credit service to help them get back on track! You can offer it free for a full year...
    Amanda Kingsley
    DailyFunder: WhoisKingsley
    This is me. https://www.facebook.com/whoiskingsley
    I am Here too. https://www.facebook.com/groups/TheClosersGroup

    Always Live and Lead with Integrity.

  6. #6
    Quote Originally Posted by Zach View Post
    No one will give this one 12-18 months without collateral.... 498 too risky. LoanMe is a possibility, if their credit pull shows as 500.

    If you can get the collateral, we can do those terms for you!
    Yes, Minimum FICO must be 500+. LoanMe's business loans also report to both personal and business credit (We do not file a UCC), so while our loans are not a credit repair product, it has the potential benefit to help the borrower increase their future borrowing power through successful repayment history.
    LoanMe Business
    949-535-7798
    Email: Business.Loans@LoanMe.com




    www.loanme.com/SBL-partner
    1900 S State College Blvd. Suite 300
    Anaheim, CA 92806

  7. #7
    Senior Member Reputation points: 1422
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    If all else fails, we can get a 6 month deal around 1.40

  8. #8
    Banned Reputation points: 4530
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    Factoring

    Quote Originally Posted by jeffcapital View Post
    Client is looking for 100K over 12 to 18 months

    Computer IT and Support Staff

    Over last 6 Months :

    174k in deposits
    9.6 Deposits per month
    avg daily balance 42K
    0 Negative days
    FICO 498

    Owes 20k

    I'm not looking for a collateral deal on this one

    What lender is interested in getting this done and let me know your factor rate

    Need 12 to 18 months term Minimum
    This sounds like you and your client would do better with a factoring agreement that might yield him about about $200,000 right away and grow with their business.
    Bob Shaw
    734.929.3800
    rshaw@advancecredit.com

  9. #9
    Veteran Reputation points: 135672 Chambo's Avatar
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    Quote Originally Posted by jeffcapital View Post
    Client is looking for 100K over 12 to 18 months

    Computer IT and Support Staff

    Over last 6 Months :

    174k in deposits
    9.6 Deposits per month
    avg daily balance 42K
    0 Negative days
    FICO 498

    Owes 20k

    I'm not looking for a collateral deal on this one

    What lender is interested in getting this done and let me know your factor rate

    Need 12 to 18 months term Minimum
    FICO 498? Computer IT company? NO WAY IN HELL you are getting 12 month deal for this guy.

  10. #10
    Veteran Reputation points: 135672 Chambo's Avatar
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    Quote Originally Posted by jeffcapital View Post
    Client is looking for 100K over 12 to 18 months

    Computer IT and Support Staff

    Over last 6 Months :

    174k in deposits
    9.6 Deposits per month
    avg daily balance 42K
    0 Negative days
    FICO 498

    Owes 20k

    I'm not looking for a collateral deal on this one

    What lender is interested in getting this done and let me know your factor rate

    Need 12 to 18 months term Minimum
    498 FICO...the merchant doesn't pay their bills! Why would a cash advance be any different?

  11. #11
    Senior Member Reputation points: 50583
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    Quote Originally Posted by jeffcapital View Post
    Client is looking for 100K over 12 to 18 months

    Computer IT and Support Staff

    Over last 6 Months :

    174k in deposits
    9.6 Deposits per month
    avg daily balance 42K
    0 Negative days
    FICO 498

    Owes 20k

    I'm not looking for a collateral deal on this one

    What lender is interested in getting this done and let me know your factor rate

    Need 12 to 18 months term Minimum
    Hi Jeff Capital! Shoot me over an email. Though your request may be difficult to obtain, I may have an outlet for you to get what you are looking for.
    Amanda Kingsley
    DailyFunder: WhoisKingsley
    This is me. https://www.facebook.com/whoiskingsley
    I am Here too. https://www.facebook.com/groups/TheClosersGroup

    Always Live and Lead with Integrity.

  12. #12
    Member Reputation points: 10
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    Location
    Boca Raton, FL
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    47

    Quote Originally Posted by jeffcapital View Post
    Client is looking for 100K over 12 to 18 months

    Computer IT and Support Staff

    Over last 6 Months :

    174k in deposits
    9.6 Deposits per month
    avg daily balance 42K
    0 Negative days
    FICO 498

    Owes 20k

    I'm not looking for a collateral deal on this one

    What lender is interested in getting this done and let me know your factor rate

    Need 12 to 18 months term Minimum
    This guy is gonna get a 1.49 and payback is 4-5 months...That's what is realistic based on the info you provided.
    Sincerely,

    Jay Rich
    President/Senior Funding Advisor
    Anthem Financial Group, Inc

    Phone: (561) 510-0801
    jay@anthemfinancialgroup.com
    LinkedIn, connect with me: LinkedIn

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