[FCF Fund]

Greetings,

I have a good client been on and off my books for 2 years now, everything checks out on him (640+ FICO) except the fact he has a low monthly revenues of 7-8k in NJ, however he maintains a 1k+ daily balance and has great payment history!!

Does any direct lender here have an appetite for a solid payer that will renew like clockwork?

[NoBigDeal]

Greetings,

I have a good client been on and off my books for 2 years now, everything checks out on him (640+ FICO) except the fact he has a low monthly revenues of 7-8k in NJ, however he maintains a 1k+ daily balance and has great payment history!!

Does any direct lender here have an appetite for a solid payer that will renew like clockwork?

Any reason why you're not looking to renew him this time around?

[FCF Fund]

Took him away from the current house he was at, saved him from a drowning ship as they currently are turning over staff and he gets lost in the shuffle. Only issue is they were the only one willing to do a small deal with those terms. Every major lender has minimum 10k+ monthly and he doesnt meet that, yet.

[dpFund]

You may want to talk with Steve Safirstein at Breakout. Not sure what their minimum is but they specialize in smaller deals.

[FCF Fund]

You may want to talk with Steve Safirstein at Breakout. Not sure what their minimum is but they specialize in smaller deals.

Ill give them a shot, not excited about the commission but Im not greedy and just want to satisfy a client.

[Cfairbank]

Ill give them a shot, not excited about the commission but Im not greedy and just want to satisfy a client.

Thanks for the mention, Dan. Our minimum revenue is $6.5K. While we don't focus on "small deals", we will fund them -- our products range from $5K to $150K.

I'll pass along a few changes in our program the last seven or eight months.
1. Max deal size increased to $150K (up from $100K). For consolidations, we still typically cap at or around $100K
2. For non-consolidation deals, we will pay up to 12 points depending on the internal credit grade of the deal
3. Max term increased to 18 months
4. Term loans now available 40 states (advances everywhere but California)
5. All the good parts are the same: Factor rates start at 1.08x, no double dipping, re-draw after 1 month of payments, early repayment discounts, no net requirement on consolidations, weekly/monthly options available

[Jonathon]

Try Quickbridge, they can work $7.5K a month in revenue, pay up to 15 points