[abfunders]

@BFF, LOC for 2-5 year term and the term LOC ...
A "term" product and "LOC" product are generally not the same time of product.
Do you mean amortization, because that's normally a term thing, and not a true revolving LOC. (Bluevine has one, it's 6-12 months on each draw, P&I and amortized.)
Do you mean interest-only? In which case, it normally gets renewed every year.

Unless you have a proper team of full-time processors and relationship with hundreds of banks, doing a one-off LOC (a) won't get you paid very much and (b) you'll never get the client enough money.

Have the client send a credit report, that will help things. However, banks do hard pulls every time.

Email me, it's worth the discussion

[Business Funding Fairy]

@abfunders, that was my error in wording. It's actually 2 different files I am trying to fit somewhere. I have one merchant asking for a LOC and another looking for a 2-5 yr term. I honestly don't even know where they fall yet... I was jumping the gun while waiting for financial data. Also, thank you for the info, it confirmed mostly what I have been finding, so at least I know I wasn't too far off in my thought process. They might not ever become viable, but thought I would ask since I was on the forum.

Thanks for responding, once I get more info I'll definitely reach out.