Long term loans: Up to $8 million; 7.25% apr and up to 15 years!!!!
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  1. #1
    Senior Member Reputation points: 81657
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    Location
    Florida
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    Quote Originally Posted by xpresscap View Post
    We are a broker that works with a direct lender for term loans! This is a REVENUE based program that is great for merchants looking to pay off advances, working capital, buy equipments, etc. NO collateral or A/R needed and no upfront fees.

    Here are guideline:

    Business length: 7 months in business
    Revenue: $75,000 or more
    Term: up to 15 years
    Rate: 7.25% APR
    Loan Amount: up to $8 million

    Declines: Any MCA Defaults* or Tax liens not a payment plan
    Better question - whom are? company name, address, phone , real email address?
    Not a freebie email account -

    You want brokers to take you seriously, don't hide.
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  2. #2
    Senior Member Reputation points: 68233
    Join Date
    Dec 2014
    Location
    Quogue, NY
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    1,108

    Quote Originally Posted by Yankeeman07 View Post
    Better question - whom are? company name, address, phone , real email address?
    Not a freebie email account -

    You want brokers to take you seriously, don't hide.

    He's hiding because it cannot possibly be true.. No lender will lend up to 8M based solely on bank statements. How do they collect if the loan goes sideways.

    Simply a marketing tool..

    Break it down further: the folks that blog here understand factor rates. A 1.10 for 12 months is very hard to secure for clients. The APR conversion for 1.1 over 12 is 18% APR. Since this company is claiming to do 7.25% APR, that means the 'bank statement underwriting' would effectively be offering a 1.04- or making $4000 on 100k deal- without collateral..

    There have been countless Fintech Lenders and MCA Funders charging A LOT more than that to clients- that have had a hard time making money/staying in business.

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