Any1 know good lender for line of credit/ max 7-8% for a paper
Need a Funder or Vendor? START HERE

Results 1 to 8 of 8
  1. #1
    Senior Member Reputation points: 1258
    Join Date
    Aug 2016
    Posts
    118

    Any1 know good lender for line of credit/ max 7-8% for a paper

    Were a company that does everyything from term loans to mca's, looking for a new lendor that offer's a line of credit for qualified merchants

  2. #2
    Senior Member Reputation points: 503040
    Join Date
    Oct 2016
    Posts
    4,318

    The SBA express is good for that, but I don't think you're going to find someone that does 7-8% line and also MCAs. But it's conceivable some ABL lenders offer offer good rates on AR lines and also factor receivables similar to MCAs.

  3. #3
    Senior Member Reputation points: 1258
    Join Date
    Aug 2016
    Posts
    118

    Quote Originally Posted by WestCoastFunding View Post
    The SBA express is good for that, but I don't think you're going to find someone that does 7-8% line and also MCAs. But it's conceivable some ABL lenders offer offer good rates on AR lines and also factor receivables similar to MCAs.
    no the company doesnt have to do mca's, i was saying we do mca's and term loans but were looking for a line of credit company to work with, we already do sba's as well, looking for strictly line of credits, open to higher rates

  4. #4
    Senior Member Reputation points: 503040
    Join Date
    Oct 2016
    Posts
    4,318

    If they have good AR then I like Crestmark. They can get you rates in those ranges.

    Edit: just note they aren't going to touch anything small though.

  5. #5
    Senior Member Reputation points: 1258
    Join Date
    Aug 2016
    Posts
    118

    Quote Originally Posted by WestCoastFunding View Post
    If they have good AR then I like Crestmark. They can get you rates in those ranges.

    Edit: just note they aren't going to touch anything small though.
    how do you submit to them? do you have a contact there?

  6. #6
    Senior Member Reputation points: 5023
    Join Date
    Apr 2015
    Location
    Florida, First MCA sold in 85/ WS in 76. CFP/RIA, series 3,6,7,8,10,63,Ins218,220.
    Posts
    554

    Crestmark, AGR and Capital Funding are the best in the country for those.

  7. #7
    Senior Member Reputation points: 338677
    Join Date
    Mar 2015
    Location
    Boynton Beach
    Posts
    3,484

    Quote Originally Posted by gail_waters View Post
    Were a company that does everyything from term loans to mca's, looking for a new lendor that offer's a line of credit for qualified merchants
    We offer factoring and asset based lines of credit. Kevin Henry 561-623-1872 Kevin.Henry@SeacoastBF.com

    I will not open or respond to free e-mail accounts.
    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

  8. #8
    Thanks for the recommendation John.... Gail I just sent you a PM.

Similar Threads

  1. Sub 10K lenders First position A paper good credit
    By AMERICApital1 in forum Merchant Cash Advance
    Replies: 8
    Last Post: 09-07-2016, 04:55 PM
  2. "A" Paper Credit Split MCA Lender
    By lendinghand in forum Merchant Cash Advance
    Replies: 6
    Last Post: 07-08-2015, 03:32 PM
  3. Online Direct Lender Dealstruck Launches Inventory Line of Credit
    By Lenders.Marketing in forum Merchant Cash Advance
    Replies: 0
    Last Post: 03-04-2015, 11:28 AM
  4. In Need of Business Line Credit Lender
    By FlowWorkCap in forum Deal Bin
    Replies: 5
    Last Post: 01-07-2015, 11:22 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

Lendistry welcomes new CFO
LegalZoom partners w/ businessloans.com
iBusiness Funding acquires Funding Circle


DIRECTORY