[aak723]

We have a business doing $120K per month with a $27K net spread over 100+ transactions. 800 owner FICOs. Problem is that they haven't been around for more than 3 months.

Any lenders that will do a line against their merchant cash receipts you guys recommend? The ones that we have came back with some onerous terms. Much appreciated and a fantastic 2016 to you all.

[CpepeWBL]

If they are in business at least three months and own real estate they are willing to use with acceptable equity, w would potentially qualify them for something.

Chris Pepe
Vice President
World Business Lenders

[brokerCompany]

try accion.org You will most likely have to get paid outside of closing

[RichardGerard]

With the 800+ FICO we can assist in getting the owners Unsecured LOC's for business..

Richard 516 510 3855

www.businesscapitalconsultants.com

[ks0807]

What do they need the funds for? Message me.

[aak723]

Hello everyone I'll reply en masse.

1) I'm well aware of business credit card products dressed up as lines of credit. My firm does these all day and we don't need assistance here though I certainly appreciate you asking.

2) The funds are going to be used to bridge cashflow deficiencies between "on" weeks vs off weeks. Payroll and inventory control

3) Yes they do have collateral that involves real estate but if you're thinking a home equity line of credit, I don't think that'll work.

The entrepreneurs (and us as their advisors) are well-versed in the various MCA, business credit card options. That's not what we seek. We're looking for a lender that can do a line of credit (not credit cards) or, at minimum, a monthly pay option on a term BUSINESS loan. I know that this area had a few orgs a few years ago that required a business to be seasoned for a year but I'm wondering if anything out there has changed. Please let me know.

Thanks!

[MikeC524]

What were some of the terms you were offered? Please contact me to see if we can get you a better offer.

Mike@SamsonpartnersLLC.com
347-492-1801