FINTAP or other fund for ERC financing?
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  1. #1

    cash advances & ERC

    I do not know Fintap.
    But if you are looking for cash advance, most of us can help.
    If you are looking for an advance on a ERC, many wont tell you all the fees they will charge you until you sign the agreement.
    If you are looking for someone to do your ERC and then will do a advance then I have a couple people. Not sure if they will do an advance on a ERC that someone else helped you with, but I will ask.
    Last edited by karen; 03-22-2023 at 12:51 PM. Reason: wanted to change up some of the words

  2. #2
    Senior Member Reputation points: 43599 brokerCompany's Avatar
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    Quote Originally Posted by karen View Post
    I do not know Fintap.
    But if you are looking for cash advance, most of us can help.
    If you are looking for an advance on a ERC, many wont tell you all the fees they will charge you until you sign the agreement.
    If you are looking for someone to do your ERC and then will do a advance then I have a couple people. Not sure if they will do an advance on a ERC that someone else helped you with, but I will ask.
    I have plenty of cash advance guys
    Just was looking for ERC advance funds TVT advertised it...

  3. #3
    Senior Member Reputation points: 72398 Olderguy's Avatar
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    Irvine, CA
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    Quote Originally Posted by brokerCompany View Post
    I have plenty of cash advance guys
    Just was looking for ERC advance funds TVT advertised it...
    Here's TVT program:

    ERTC Bridge overview
    Up to 60% LTV on submitted ERTC claims
    22-35% 12 month deals
    interest only - sometimes for full term sometimes for half the term - depends on the credit

    At Submission:


    • 3 months business bank statements (main operating account)
    • Merchant application
    • Most recent tax returns & 2022 YTD P&L
    • Form 941
    • Form 941-X
    • Employee ERC calculation breakdown per quarter associated with the corresponding filed 941-X form
    • Proof of eligibility (eligibility criteria)
    - government mandated shutdown
    - Loss in revenue in accordance with ERC qualification (please have CPA sign and owner)

    *If you can not provide the ERC calculation break down the client can only be approved for tiered amortized weekly payment structure*

    (Require driver id of owners over 20% as well)

    Fees: 4 % origination
    Commission: 4% to 5%


    You can also get ERC advance from

    https://financeerc.com/

    To help expedite the process and receive funds quickly we request ALL information up front.

    (You are assessed a one time Administration Fee)

    ERTC Bridge overview

    Up to 70% LTV on submitted ERTC claims

    This is not a lending product. We require no daily, weekly or monthly payments against the money we provide to you or your clients today.

    DOCUMENTS REQUIRED:

    1) ERC APPLICATION

    2) Voided Check

    3) A Valid Colored copy of the Driver's License (FRONT & BACK)

    a. INCLUDE OWNERSHIP of 20% or More

    4) 3- Current Months of Business Bank Statements

    5) FORM 8821 & 7216 (MUST BE WET SIGNATURE IN BLACK INK)

    6) FORM 941 and 941x included for EACH Quarter the business is requesting the ERC

    7) ERC Calculations to support the Filing:

    a. Breakdown of wages by type and quarter (CONFIRM PPP Calculation is Subtracted from the ERC)

    8) ERC Qualification (Reason) from ERC Filer

    9) 2 Most RECENT Quarters of 941's

    10) 1- Current Year of Business Tax Return

    11) W9

    a. By the Authorized Signer(s)

    12) Copy of the Operating Agreement, By-laws, or Corporate Formation
    Steve Benjamin
    Professional Business Loans

    522 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

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