[GlascoMCA]

Good Morning,

I have a client that's looking for a business loan - unsecured or secured with low interest
My client had a deal on the table for 125K for 9 months - he was going to go through with it however his dad that owns the business - didn't like the rate for unsecured money

Client does 450K-500K monthly - average daily balance 80K - over 7 years in business

[Davincinc]

Morning!! This is all I strive for. Please fill free to contact me!

up to 500k monthly - https://www.fundingcircle.com/us/ref...31330016310000
10 year 350k max monthly - https://www.smartbizloans.com/?partn...ferrer=steven&

How many current positions? And current outstanding business debts?
Please note anyone requesting for over 125k with 30% ownership or more will have to sign. But still single digits.

Steven Jones
210-290-4102
Davincinc@outlook.com
http://www.davincinc.com/

[GlascoMCA]

No Balances at all

[GlascoMCA]

Morning!! This is all I strive for. Please fill free to contact me!

up to 500k monthly - https://www.fundingcircle.com/us/ref...31330016310000
10 year 350k max monthly - https://www.smartbizloans.com/?partn...ferrer=steven&

How many current positions? And current outstanding business debts?
Please note anyone requesting for over 125k with 30% ownership or more will have to sign. But still single digits.

Steven Jones
210-290-4102
Davincinc@outlook.com
http://www.davincinc.com/

Client has no Balances at all

[RichardGerard]

Again Steven from davincinc.com:

Why can't GlascoMCA contact Funding Circle and Smartbiz himself? The paperwork process might take him about 30 minutes- total.

For that matter, given the information posted, why hasn't the client asked his local bank for assistance?

Speaking to that Glasco- while the suggestions Mr. Jones make are viable, they are predicated on profitability, debt service coverage, collateral and a strong guarantor. If the client is profitable (and in a business that is not potentially restricted ie 'gun shops') a commercial bank
would LOVE 400-500k in monthly deposits on its ledger, and most certainly offer the client what he seeks.

I understand that many Brokers wish to concentrate on MCA submissions frankly because they are more profitable (in the near term) than Mid Prime lenders, and Banks (with an SBA guarantee). Additionally there are many folks on this Blog that can explain there are numerous other choices for mainstream products other than the ones mentioned herein..

If the client does not deserve to be in the MCA space- Steve is correct- take him to a better place. Just realize there are many places out there. Not just 2.

[bdshaw]

Once again agreeing with Richard
Bob

[elijah.g]

This deal is a no brainer. Not many points but a good relationship to keep. Contact me if you would like th insight.

Warmly

Eli
718.926.5331