Sub 10K lenders First position A paper good credit
Need a Funder or Vendor? START HERE

Results 1 to 9 of 9

Hybrid View

  1. #1
    Quote Originally Posted by Credibly1 View Post
    He was asking for people that go 6-9k, not 4 or 5k. There are a ton of lenders that do that.
    Yes, I'm aware of what he was asking for. But since there probably are quite a few funders who may do $6k - $9k deals, I wanted to let him know that not only will TransMark do such deals, but they'll even do lower deal amounts than that. Additionally, if someone will do a $4k or $5k deal, I bet they'll also do a $6k to $9k deal... so my guess is the person who asked about this got the point. I doubt he read my post and thought "crap, that company only does $4k or $5k deals... not $6k - $9k deals, which is what I was really looking for".

    On a side note, most funders (they're not actually LENDERS in the MCA space, by the way) won't consider a deal unless it's a minimum of $10k. So I wouldn't necessarily say "tons of lenders" will do a $6k deal, because most probably won't (if they would, the thread probably wouldn't have been created). Many on here gripe and act like Chicken Little regarding possible regulations down the road, but then those same professionals choose to use loan terminology in an MCA forum. We would all be wise to stop doing so, and discuss MCA's for what they are or supposed to be... Purchases of future receivables, not loans. Thus, MCA Funders are not lenders. Just sayin
    Last edited by RobertTide; 09-01-2016 at 12:13 AM.

Similar Threads

  1. Replies: 4
    Last Post: 06-22-2016, 07:01 PM
  2. Looking for a good second position lender
    By WayUp in forum Deal Bin
    Replies: 5
    Last Post: 01-08-2016, 05:39 PM
  3. PLEASE HELP - 2nd position A Paper
    By Anthony J in forum Deal Bin
    Replies: 9
    Last Post: 09-09-2015, 09:11 AM
  4. 2nd Position for A/B Paper
    By mca123 in forum Deal Bin
    Replies: 5
    Last Post: 01-19-2015, 09:50 AM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Fintech Nexus is shutting down
Fed penalizes Evolve Bank
Cloudsquare unveils Cloudsquare Lend


DIRECTORY