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06-25-2021, 01:20 PM #1
- Join Date
- Jan 2021
- Posts
- 13
Funders That Don't Require Personal Guarantee
I'd expect the initial reaction would be "this is the way a funder collects/protects the unsecured funds in worst-case scenario and if the merchant doesn't want to sign it, it implies he has intentions of not paying back" Which I understand.
Client is doing approx $3m annual rev, 700+ FICO, 30k ADB, and just seeking a 150k-250k MCA, unsecured LOC or short TL for projects but since merchant has a lot of personal assets doesn't want to sign a PG and potentially risk them.
I am looking for reputable funders that are known in the industry and have been around for a few years at least. Bluevine, Ondeck and I believe IOU all require it.
Would love to hear from the forum. Thanks!
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