accountant low credit score?

**Browncap** · 01-08-2016, 07:20 PM

Hi,

I know doing an accounting deal is a little difficult, not to mention the fico is just below 500. Obviously very seasonal. Can anyone recommend a magical lender for this type of deal?
Thank you.

**Zach** · 01-08-2016, 08:26 PM

If the client has real estate collateral to pledge, WBL is probably one of their only options. Plus we will give a healthy approval size in comparison to their revenue.

**ridextreme** · 01-08-2016, 08:48 PM

tbb has done them in the past

**rick_clsfunding** · 01-08-2016, 10:17 PM

Originally Posted by ridextreme

tbb has done them in the past

With a sub 500 score?

**Browncap** · 01-08-2016, 11:17 PM

Originally Posted by rick_clsfunding

With a sub 500 score?

fico is 492..

**Browncap** · 01-08-2016, 11:18 PM

Originally Posted by Zach

If the client has real estate collateral to pledge, WBL is probably one of their only options. Plus we will give a healthy approval size in comparison to their revenue.

Okay thank you, I will check for any collateral.

**Browncap** · 01-08-2016, 11:22 PM

I'm new, sorry but what is tbb an acronym for?

**rick_clsfunding** · 01-09-2016, 12:04 AM

Originally Posted by Browncap

I'm new, sorry but what is tbb an acronym for?

The Business Backer, but they won't entertain that credit score (520 minimum with 10+ years in business).

You might try Superior Capital.

**Zach** · 01-09-2016, 01:47 AM

Sounds good. Let me know if they are open to using some of their inefficient equity to get them the money they need.

**Browncap** · 01-09-2016, 02:13 AM

Hey thanks guys! I am really grateful for the feedback! I'm going to check out his collateral. And get back to you!

**FUNd** · 01-09-2016, 12:04 PM

An accountant with a sub 500 FICO. LOL. I see so many accountants that can't even balance their own checkbook, yet portray themselves a financial geniuses to their clients. "Don't take that cash advance, that's 100% APR!"....what a joke some of these guys are.

**Chambo** · 01-11-2016, 12:54 PM

Originally Posted by ridextreme

tbb has done them in the past

TBB won't touch it under 500.....

**AndyYSCISOdept** · 01-11-2016, 01:20 PM

Originally Posted by FUNd

An accountant with a sub 500 FICO. LOL. I see so many accountants that can't even balance their own checkbook, yet portray themselves a financial geniuses to their clients. "Don't take that cash advance, that's 100% APR!"....what a joke some of these guys are.

Shoot me a PM and we can plot/scheme

**BB_Cooper** · 01-11-2016, 01:26 PM

Cooper could fund with sub 500, but we need statements from last years tax season, in addition to trailing 3, to get the file underwritten-

Robert S Bloink
EVP of ISO Partnerships
Direct: 248-341-9477
Email: bb@cooperasset.com
Web: www.cooperasset.com
logo-01smaller.jpg

**ridextreme** · 01-11-2016, 01:29 PM

Originally Posted by FUNd

An accountant with a sub 500 FICO. LOL. I see so many accountants that can't even balance their own checkbook, yet portray themselves a financial geniuses to their clients. "Don't take that cash advance, that's 100% APR!"....what a joke some of these guys are.

that's nothing.. I've gotten an app from an accountant last year with tax liens and a previous BK.

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