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05-12-2016, 11:58 AM #1Member
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Need 500K 5 Years
Hi Guys,
Who does 5 year deals? I have a very solid merchant who wants it for 500K.
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05-12-2016, 12:19 PM #2Senior Member
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Fundingcircle
Dealstruck
FundationZachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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05-12-2016, 12:29 PM #3Member
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Thanks!!
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05-12-2016, 01:05 PM #4Banned
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Need 500K 5 Years
Advance Credit Funding Corporation.
Bob
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05-12-2016, 01:07 PM #5Senior Member
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Word on the street is FC is pulling back in the US big time in terms of deal size and funding volume. So, really on Dealstruck and Fundation. OnDeck has a nascent program that goes to $500k, but it is predictably conservative and qualification is difficult.
Originally Posted by Zach
"Nobody can make you feel inferior without your consent." -Eleanor Roosevelt
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05-12-2016, 11:14 PM #6Senior Member
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Fundation only goes to 4 and I've never seen DS go to five (but they might).
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05-12-2016, 11:16 PM #7Senior Member
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SBA loan might be the best option. I can pay you 1.5% on an SBA 7a
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05-13-2016, 12:14 AM #8Senior Member
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- Jackson Hole Wy
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We have recently done a few 500k deals with FC. Though the revenues of each merchant was well over 7M annual with good financials and fico. 7 days Originally Posted by ISO man
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05-13-2016, 07:32 AM #9Member
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Need 500K 5 Years
..
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05-13-2016, 07:39 AM #10Senior Member
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- Apr 2015
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- Louisiana
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- 299
Need 500K 5 Years
FC typically does not lend more than 1/3 of gross revenues on the tax returns so the merchant must be generating $1.5mm+ and is profitable on their tax returns to even consider that amount.
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