Results 1 to 9 of 9
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08-15-2016, 11:16 AM #1
- Join Date
- Jun 2016
- Posts
- 13
Looking for Lenders that provide STRICTLY Business Line of Credit in USA and PR
Have many borrowers looking for Business Lines of Credit in USA and Puerto Rico (NO MERCHANT CASH ADVANCE), please send me your PM with your lending guidelines and programs. Thanks
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08-15-2016, 11:23 AM #2
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,484
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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08-16-2016, 02:41 PM #3
Have you reached out to Seek? They offer actual BLOC programs, but they seem to have some pretty tough UW guidelines, so it may be tough to get your deals over the line.
Worth a try, if you haven't reached out to them already.
Also, you may want to consider offering your client merchants some of the MCAs out there which offer a redraw facility. They often are not onerously more expensive than high-rate term loans, and offer much more flexible access to capital, similar to an actual BLOC program. You might have to sharpen your pencil a bit more for the true A Paper clients, but you'd probably close more of them by being as flexible as possible, and imploring them to follow your lead.
Everyone wants to visit the moon, but some folks are hardly qualified to leap over a barrel...
Just my two cents.Aaron McCarthy | Senior Account Executive
352 Sonwil Drive | Buffalo, NY 14215
Direct Funder up to $150k
A,B,C&D Paper
Direct (516) 209.2159
Mobile (716) 348.1660
Fax (888) 848.0109
www.fundingmerchantsource.com
A+ Rated with the BBB: http://www.bbb.org/losangelessilicon...each-ca-268003
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08-17-2016, 08:56 AM #4
- Join Date
- Feb 2016
- Posts
- 15
Gibraltar Star did you get any good responses on true LOC lenders? I signed up with Bluevine recently and they are awful. Couldn't get anyone on the phone then submitted 1 deal over a week later and never got a response, a week after that still not able to reach anyone. After receiving consistent emails saying their great promotions for new ISO's I responded back telling them to either have someone call me or terminate our partnership. Then next day they finally responded saying they would terminate the partnership for me.
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09-08-2016, 02:15 PM #5
- Join Date
- Sep 2016
- Posts
- 2
Please contact me @ (310)343-9273 I deal with alot of Business Lines of Credit Lenders with different guidelines.
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09-08-2016, 08:30 PM #6
- Join Date
- Dec 2015
- Location
- Texas
- Posts
- 552
bluevine
dealstruck
funding circle
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09-09-2016, 12:04 AM #7
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09-09-2016, 06:17 AM #8
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Gibraltar Group,
I suggest contacting Kevin Henry at Sea Coast Bank (Asset Based Lending Division), who participates on this Blog. There are a plethora of traditional options for clients that actually qualify for them.
Additionally, I suggest reaching out to Bob Shaw and/or reaching out to me for additional contacts/insight.Last edited by RichardGerard; 09-09-2016 at 07:22 AM.
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09-12-2016, 10:56 AM #9
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,484
Thanks Richard! Gibraltar-We provide asset based lines of credit and factoring facilities. We are very unique in the market as we are bank owned. That does not mean that we cannot finance the unbankable, but it does mean that our rates will likely be significantly more cost effective than most. 561-623-1872 is my private number.
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