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  1. #1

    TERM LOAN LENDERS NEEDED 620 Credit Score... Dircect

    I have a few borrowers with scores above 620 who are in need of term loans. Cash flow from these borrowers range from 40k-160k in various industries, Problem is they have been in business for 1.5 years so they only have tax returns from 2015. Please assist. Thanks

  2. #2
    Senior Member Reputation points: 6585
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    Ok what makes you think that they qualify for a longer term loan when they have not been in business for very long? people in hell would like Ice water doesn't mean they deserve it or will get it! Do they have a lot of assets? Large 401ks for collateral or are you just asking for a lender to do a multi year laon because they have some cash flow. And the final question would you be willing to take a mortgage out on your house or borrow againts your own 401k to lend them money?

  3. #3
    Quote Originally Posted by Dhorton View Post
    I have a few borrowers with scores above 620 who are in need of term loans. Cash flow from these borrowers range from 40k-160k in various industries, Problem is they have been in business for 1.5 years so they only have tax returns from 2015. Please assist. Thanks
    LoanMe would be a good option here. We do not look at tax returns and can work with businesses as young as 2 months old. We also do not have any restricted or prohibited "For-Profit" business types.
    LoanMe Business
    949-535-7798
    Email: Business.Loans@LoanMe.com




    www.loanme.com/SBL-partner
    1900 S State College Blvd. Suite 300
    Anaheim, CA 92806

  4. #4
    Senior Member Reputation points: 34509 Jstarr's Avatar
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    South Florida
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    Dhorton, call me and lets see if i can steer you in the right direction,
    Jerry Starr
    Insource Funding
    433 Plaza Real, Ste 275 Boca Raton, Fl 33432
    P: 800-805-3391 Fx: 561-270-6895
    Jerry@insourcefunding.net | insourcefunding.net

    WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL

  5. #5
    Senior Member Reputation points: 105
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    Business Lending

    Quote Originally Posted by Dhorton View Post
    I have a few borrowers with scores above 620 who are in need of term loans. Cash flow from these borrowers range from 40k-160k in various industries, Problem is they have been in business for 1.5 years so they only have tax returns from 2015. Please assist. Thanks
    As time permits, give me a call to discuss borrower options. We require only an application, 12-months bank statements and FICO over 620 and we will lend up to $1M.

    Sean Najieb
    www.liftforward.com

    LiftForward, Inc.
    180 Maiden Lane, 10th Floor
    New York, NY 10038

    Sean@liftforward.com

    917.477.6534 (O)

    347.495.8088 (C)

  6. #6
    Breakout Capital has a great program

  7. #7
    Senior Member Reputation points: 43599 brokerCompany's Avatar
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    ANyone that has rates under 10% over 4 years for merchants doing 2.5M and profitable with clean fico over 750. He does not want SBA.

  8. #8
    Senior Member Reputation points: 105
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    Quote Originally Posted by brokerCompany View Post
    ANyone that has rates under 10% over 4 years for merchants doing 2.5M and profitable with clean fico over 750. He does not want SBA.
    I could get fairly close! Give me a call and lets discuss structure for the borrower. We will lend up to 10% gross annual sales of the business. Up to $200,000 no collateral required. Rates vary based on borrower credit profile, but if FICO is as stated would entertain lower rates. 1-4 year timeframe, monthly payments and funding in 24-48 hours.

    Sean Najieb
    LiftForward
    sean@liftforward.com
    917.477.6534

  9. #9
    There are various companies in the market who can provide you the loan to fulfill your needs. Small Business Capital CA can be the best option for it. Through a simple online application form, you can apply for the loan with a fixed daily repayment schedule.

  10. #10
    Banned Reputation points: 4530
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    TERM LOAN LENDERS NEEDED 620 Credit Score... Dircect

    Good morning, are you talking about 3-5 year financing or a MCA packaged to look like equipment finance?
    Bob

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