Results 1 to 8 of 8
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10-13-2015, 04:45 PM #1
- Join Date
- Jan 2015
- Location
- Newport Beach
- Posts
- 60
Do you have clients in need of equipment financing, a start-up LOC, or MCA refi?
We have just increased our capacity and are ready to fund more deals!
For equipment deals all we require is: an application, 3 months of bank statements, and an equipment quote.
• Good Brokers Do Not Push Merchants into MCA for Equipment Purchases.
• Send METRIX your equipment financing deals and get paid up to 7 points per deal.
For working capital and MCA refi we look for: average credit, 2 yrs + time in business, and anything that leads to growth in the business.
Check out our new LOC product (as low as 0% intro rate) that is great for Borrowers with Good Credit.
• For more information and application online here: http://metrixcapitalgroup.com/line-of-credit
Get your clients the capital they deserve.
Email me if you have any additional questions
harrison@metcapgroup.com
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10-13-2015, 04:53 PM #2
- Join Date
- Jul 2014
- Posts
- 1,746
I'm sorry, but for your "0% LOC" you ask the applicant to run their own credit report on annualcreditreport.com and upload it to your site?
Nothing says fraud louder.
metrix.jpg
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10-13-2015, 05:37 PM #3
- Join Date
- Apr 2015
- Location
- Florida, First MCA sold in 85/ WS in 76. CFP/RIA, series 3,6,7,8,10,63,Ins218,220.
- Posts
- 554
If it's 0%, what is the closing cost?
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10-14-2015, 11:50 AM #4
- Join Date
- Jan 2015
- Location
- Newport Beach
- Posts
- 60
They can redact all of the personal information. (name, everything) We are just looking for looking for credit score and revolving balance/utilization.
If the person was applying for any other type of financing, we pull our own credit report so we would have the information regardless. This allows the client to get pre-qualified without a hard credit inquiry.
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10-14-2015, 11:51 AM #5
- Join Date
- Jan 2015
- Location
- Newport Beach
- Posts
- 60
10% Success Fee Only Due after the Line has Been Established.
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10-14-2015, 11:59 AM #6
- Join Date
- May 2015
- Location
- NC
- Posts
- 208
Isn't that just Torro's B.L.O.C. product?
http://dailyfunder.com/showthread.ph...ighlight=torroLast edited by rick_clsfunding; 10-14-2015 at 12:24 PM. Reason: added link
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01-28-2016, 02:27 PM #7
- Join Date
- Jan 2016
- Posts
- 3
Annualcreditreport.com doesn't give you your credit score on the free report.
Also, it is more than likely that they would need to access the inquiry history as well as the date that each revolving account was established.
Other pertinent info would also be whether or not each revolving account is an individual account, a joint account or an authorized user account.
Anyone who has start-ups and wants advice on this type of funding can PM me and I can tell you all about it.
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02-12-2016, 01:04 PM #8
- Join Date
- Apr 2014
- Location
- Chicago, IL
- Posts
- 185
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