Results 1 to 5 of 5
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03-28-2018, 05:08 AM #1
- Join Date
- Jan 2018
- Posts
- 12
Loc
Hi,
What lender provides a TRUE LOC? Thank you.
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03-28-2018, 07:31 AM #2
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Interesting word in your Post is 'lender'. There are a few 'funders' that provide products that perform like LOC's- with interest rates that surpass usury standards.
True LOC's lever either personal credit or corporate assets (on the balance sheet).
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04-11-2018, 12:28 PM #3
Loc
We actually have facilitated with our bank partner a true BLOC. Typical rate standards at prime + 1%-2%. These are amort over 5 yrs with an interest only payment option. The most recent deal we facilitated was for a trucking company. We did a $2mm line with an additional $1mm eq. line. We charge to the client origination fees of 1%-2% up front.
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04-16-2018, 01:09 PM #4
- Join Date
- Apr 2018
- Posts
- 5
many offer an actual loc instead of mca. but merchant must qualify
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04-19-2018, 11:14 AM #5
- Join Date
- Sep 2015
- Posts
- 6
We offer lines of credit at Torro. You can give me a call and we can go through everything. We require 700+ FICO. 801-441-7943.