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09-23-2015, 01:18 AM #1
- Join Date
- Jul 2015
- Posts
- 13
Does anyone provide lines of credit?
I have a merchant whose looking for a credit line of at least Two million. He has excellent credit and his business has been flurishing for over 20yrs he's in the medical field.
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09-23-2015, 08:37 AM #2
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,509
We provide LOCs at the bank level depending on what medical business the company does. We also do factoring and asset based lines of credit for companies that do not qualify for our bank products. What exactly does the Company do?
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09-23-2015, 08:42 AM #3
- Join Date
- Sep 2015
- Posts
- 41
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09-23-2015, 10:26 AM #4
- Join Date
- Sep 2015
- Posts
- 6
OnDeck's credit platform, though newer, is an amazing product. Quite a few of our clients are seeing success with it. But it is a bit more difficult to qualify for. For those we are unable to push to OnDeck's platform, we offer a product that's similar where threw the customers personal credit we are able to offer lines of credit up to 150k.
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09-23-2015, 12:19 PM #5
- Join Date
- Sep 2014
- Posts
- 720
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09-23-2015, 10:14 AM #6
- Join Date
- Jul 2015
- Posts
- 120
Sent you a private message
Brent Goggins
Business Credit Consultants
ISO Relations Manager
Direct: 518-776-7501
Email: BrentG@bccusa.com
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09-23-2015, 10:23 AM #7
- Join Date
- Jul 2014
- Location
- Jackson Hole Wy
- Posts
- 732
You need a lender that specifically deals with the medical industry for a line of credit.
We work with a couple of investors that do these lines of credit and have done these before. More complex since most lenders will not lend directly against insurance receivables
Typically you get up to 85-90% of eligible AR on a revolving line of credit.
Eligible AR is what is actually collected under 90 days. Rates are very competitive 5-12%.
ondeck wont get close to 2M credit line, but those are very common dollar amounts among other lenders
Ben
info@omegafund.com
Last edited by omegafund; 09-23-2015 at 10:32 AM.
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09-23-2015, 10:42 AM #8
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
Sent a pm to you. If a traditional LOC is your client's preference and you can get it from one of the fine lenders here, then absolutely go for it. But if you are not successful, we should talk. I am a direct lender. My product looks more like a traditional term loan, but a lot of my clients treat us like a line of credit, using our cash, paying it down (or off) then using it again and again. I've funded some clients 8-10 times over a few years. If you think that might be a fit, feel free to reach out.
Best,
Dan Page
Direct: (303) 938-8280
dan@fundingstrategypartners.com
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09-23-2015, 12:33 PM #9
ARF has a neat line of credit program. It's essentially like a concurrent funding but available for a longer duration. They also have solid rates and weekly payments.
Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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09-23-2015, 12:39 PM #10
Does anyone provide lines of credit?
Reach out to Mac at The Credit Junction. They go out to $2M.
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09-25-2015, 11:59 AM #11
- Join Date
- Jul 2015
- Posts
- 10
Hey
I'm Charlie we are a boutique direct lending group.We lend our own money,NOT a hedge fund.Please send me the last 12 months bank statements along with an application.I will submit for underwriting today.We specialize in unique funding opportunities.Email me for ISO agreement.
Charlie Friedman
844-845-CASH
848-333-5421 cell
info@tsxcap.com
www.tsxcap.com
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01-06-2016, 11:09 AM #12
We are a direct lender specializing in*medical*accounts receivable financing. We have*medical*billers on staff and it is our niche specialty. We can do both AR factoring lines and AR lines of credit. If your client is still searching for a financing solution, please give me a call.
Ben Rutkevitz
Alleon Healthcare Capital
benr@alleoncapital.com
(201) 340-6346
http://www.alleonhealthcare.com/
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