[shieldfunding]

has 750 fico .. 8 years in business.. funded him 2 times 250k .. over 12 month 15%
from him
Hi Sam,

We would like to explore our options for a new loan. we want something more flexible and cheaper. Here is what we are looking for:


24 or 36 month term
No daily payments
Ability to prepay


Please advise what our options are
are there any super prime lenders i can bring this deal to on this forum ?

[Funder Mark]

Whats the question? Dan Page.

[shieldfunding]

Whats the question? Dan Page.

don't know if that an inside joke ? Who is John Galt?" i haven't been on this forum in 4 years ..

[WestCoastFunding]

Dan page is the guy that offers almost an identical type of facility you're seeking. But, as he'd tell you their model is based off of profitability shown on the financials. So essentially you'd need to see $13K in monthly profitability for every $100K in financing being sought.

[LJH365]

What kind of business is this?

[snajieb]

has 750 fico .. 8 years in business.. funded him 2 times 250k .. over 12 month 15%
from him
Hi Sam,

We would like to explore our options for a new loan. we want something more flexible and cheaper. Here is what we are looking for:


24 or 36 month term
No daily payments
Ability to prepay


Please advise what our options are
are there any super prime lenders i can bring this deal to on this forum ?

Would the borrower be willing to pledge RE (commercial / residential)? We can provide monthly payments with terms out to 4-years provided borrower meet guidelines.

Give me a call to discuss.

Sean
LiftForward
917.477.6534
sean@liftforward.com

[shieldfunding]

What kind of business is this?

online retail

[LJH365]

If merchant is okay with weekly payments I can probably get this done for you.

Shoot me a PM here or my email below

[Kevin Henry-Seacoast]

has 750 fico .. 8 years in business.. funded him 2 times 250k .. over 12 month 15%
from him
Hi Sam,

We would like to explore our options for a new loan. we want something more flexible and cheaper. Here is what we are looking for:


24 or 36 month term
No daily payments
Ability to prepay


Please advise what our options are
are there any super prime lenders i can bring this deal to on this forum ?

What industry?
Do they sell to commercial customers or retail?
Kevin.Henry@SeacoastBF.com

[Kevin Henry-Seacoast]

online retail

Sorry....missed the answer.

[bdshaw]

You may be able to do a cheaper and more flexible deal for your client. There is a program out that is generally a 2 year loan with interest payments only depending on revenue...Not an MCA. Rates recently in the 15-17 APR range.
Bob Shaw
734-929-3800
rshaw@advancecredit.com

[RichardGerard]

Funding Strategy Partners product is an advance- in that it is a purchase of future receivables- with a recovery amount. If the client wants a loan there are several options out there that are infinitely more affordable and will close more expeditiously.

FSP has it's market niche. This client is looking for a loan- not a large MCA.. Bob Shaw is spot on above

[shieldfunding]

You may be able to do a cheaper and more flexible deal for your client. There is a program out that is generally a 2 year loan with interest payments only depending on revenue...Not an MCA. Rates recently in the 15-17 APR range.
Bob Shaw
734-929-3800
rshaw@advancecredit.com

anyone you can refer ?

[dpFund]

Dan page is the guy that offers almost an identical type of facility you're seeking. But, as he'd tell you their model is based off of profitability shown on the financials. So essentially you'd need to see $13K in monthly profitability for every $100K in financing being sought.

Thank you Funder Mark and WestCoastFunding.

Yes, we do offer almost exactly what you are asking. In fact, when we get to the 24 month term the effective cost of funds is actually less expensive than the shorter terms. You nailed it WestCoastFunding with the $13k of net income for every $100k of funding note.

We are not a cash advance funder so we underwrite and fund very differently. Our primary driver for pre-qualification is net income. We need to be sure the client can actually afford the payments (novel approach!). Payments are monthly, not daily. If all looks good on the net income front, we look to the balance sheet to confirm the client is healthy and solvent.

Pre-Payment: We allow the client to pre-pay us at any time after six months. No fees, penalties or interest. Just pay off remaining principle and they are out, just like paying off a home mortgage.

Minimum funding is $100k, max is $2MM, so we can fund the large ones (and quite frankly, prefer them).

Feel free to reach out and discuss.

Best,

Dan Page
Direct: (303) 938-8280
dan@fundingstrategypartners.com