[FCF Fund]

Greetings,

Ive been getting a lot of requests for true LOC products, anyone on here signed up with Kabbage or the like that I could submit under? Kabbage is not accepting any new ISO's so thats out of the equation. Also, BlueVine is limited up to $30k with 2-4% interest a week on open balance.

Also, please do not try to sell me on treating MCA renewals like a LOC. I need a product that merchant are not paying MCA rates (1.40+), with monthly payment options and can truly drawdown on principal paid.

Any and all help is appreciated.

[Michael I]

Direct capital

[FCF Fund]

Direct capital

They don't take on ISO's I believe, Ill re-check thanks.

[lovetofund]

Breakout does LOC, it's basically an add on, but essentially the same thing. Will occasionally do monthly.

[bdshaw]

LTF, if your clients have collateral such as accounts receivable or finished inventory we would be happy to help even if it's for a clients needs in the future.
Bob Shaw
rshaw@advancecredit.com
734-929-3800

[Hedley Lamarr]

FCF,

We are Seacoast Business Funding, a division of Seacoast National Bank. We offer flexible working capital solutions in the forms of factoring and asset based lines of credit. I would be happy to schedule a call to go into more detail.

Best,

Kevin

[Michael I]

They don't take on ISO's I believe, Ill re-check thanks.

try lending club also

[FCF Fund]

try lending club also

Does LC take on ISO's?

[brokerCompany]

Try deal struck or a factoring company for more of a bank LOC

[FCF Fund]

Try deal struck or a factoring company for more of a bank LOC

Its a painting contractor, he has net 30 payments if not sooner so an A/R LOC wouldn't really fit his cashflow.

[matt.estes]

With regard to BlueVine, I thought I'd clarify a few things in response to FCF Fund's post. Seems like there might have been a slight misunderstanding / miscommunication on terms.

We can extend revolving lines of credit up to $100,000 and our rates are 0.5% to 1.2% per week (or 2% to 4.8% per MONTH) only paid on the DRAWN amount...not on the open balance. Additionally, because there are no prepayment fees on our LOC, our clients tend to draw down and prepay multiple times over the 6-month term.

FCF Fund is correct about Kabbage not accepting new ISOs. I'd be happy to sign you all up with BlueVine, however.

✉ partnerinquiry@bluevine.com

[Lendvo]

Lendvo.com we work with Digital Businesses (E-commerce, any business that has a website and does some amount of sales through their website, or if their website shows up in google for searches for them) Emaill us: Support AT Lendvo.com and we'll get you setup....we pay good commissions not like the 200 bux you get from Kabbage or PayPal working capital!

[Sachip24]

try Deal Struck monthly payments can go out up to 5 years i think it is.

[ridextreme]

I think the reason your client is requesting a LOC is because these merchants are getting calls daily from MCA brokers lying to them saying "Our program is better than a cash advance, it's a line of credit" just to get their app in.

Either your client needs money now, or he doesn't. If he doesn't need to take money now and just wants an open LOC, how is that going to benefit you now anyway?

On Deck usually has a small LOC option on the bottom of their approvals.

[treymarkel]

Greetings,

Ive been getting a lot of requests for true LOC products, anyone on here signed up with Kabbage or the like that I could submit under? Kabbage is not accepting any new ISO's so thats out of the equation. Also, BlueVine is limited up to $30k with 2-4% interest a week on open balance.

Also, please do not try to sell me on treating MCA renewals like a LOC. I need a product that merchant are not paying MCA rates (1.40+), with monthly payment options and can truly drawdown on principal paid.

Any and all help is appreciated.

Check out Capwell Funding. They do a "Line of Credit" typeof product I believe

[ridextreme]

also FWIW, if you do find a true LOC program (or long term monthly payment loans), you make peanuts on it. But at least the customer is pleased and satisfied (someone gets closed on every sale. Sometimes the customer is the one doing the closing.)