[Central Banker]

To be clear... 6% of $1,000,000 is $60,000 not $7,500 lol

Let's not remix the information inside the original post please.

I have to ask: why would a lender put $1,000,000 out there for 40-45 days for 1/2 of 1 percent? While I understand anything higher than 6% doesn't work for you, why would a lender put that much capital out there for a $7500 return? After you factor in the time and effort to devote to due diligence, what is the NET return to the Lender? The best deals are one that benefit all involved.

[omegafund]

To be clear... 6% of $1,000,000 is $60,000 not $7,500 lol

Let's not remix the information inside the original post please.

You should have been more specific.: "at no more than 6% interest" You made it sound like you wanted 6% interest rate on 1M loan. 6% return of funds on investment is something different or no more than total 60k total rate and fees. 60,000 total costs and cheaper may be doable with invoice factoring or PO financing,but sounds like you are not a player for that. IT /mobile.

Do you deal with government entities or larger Fortune 100 or 500 companies?
Also is your equipment for collateral phones/IT/computer stuff? Not many lenders will be interested in that.
If you have real collateral such as commercial AR and real estate with equity this is doable

[Central Banker]

DM me please...

You should have been more specific.: "at no more than 6% interest" You made it sound like you wanted 6% interest rate on 1M loan. 6% return of funds on investment is something different or no more than total 60k total rate and fees. 60,000 total costs and cheaper may be doable with invoice factoring or PO financing,but sounds like you are not a player for that. IT /mobile.

Do you deal with government entities or larger Fortune 100 or 500 companies?
Also is your equipment for collateral phones/IT/computer stuff? Not many lenders will be interested in that.
If you have real collateral such as commercial AR and real estate with equity this is doable