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02-05-2018, 02:29 PM #1
Anyone fund a deal with LIFTFORWARD?
Has anyone funded a deal with liftforward?
Had A paper client declined by them, they went to their bank the following week and got a 125k 5% 5 year unsecured bank loan..
Anyone done business and or funded a merchant with their product?
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02-05-2018, 04:35 PM #2
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
MCApolice,
When you see 5% Unsecured bank product (was likely a revolver at Prime plus 2) it typically means that they are lending on the Guarantors FICO score. Many banks throughout the country have programs like this for credit-worthy owners with a depository relationship
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02-05-2018, 05:35 PM #3
- Join Date
- Apr 2016
- Posts
- 103
LiftForward is best suited for larger, well qualified files. Potential clients with revenues in the ($5MM - $100MM range). While WE have the ability to do unsecured lending, any uncertainty creates risk and at such levels it NOT worth taking the risk.
How much did you make on this deal going through the bank (MCApolice)? As I was told and continue to live by, you just cant have one experience and be an expert. It takes an understanding of the product, and if it fits...WE will FUND!
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02-05-2018, 05:47 PM #4
- Join Date
- Sep 2014
- Posts
- 83
MCApolice,
I just funded a deal With Lift Forward for 650K and they paid within 2 days....
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02-05-2018, 06:33 PM #5
- Join Date
- Jun 2015
- Posts
- 3,318
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02-06-2018, 11:39 AM #6
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,921
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
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