Results 1 to 12 of 12
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05-07-2021, 10:56 AM #1
- Join Date
- Jun 2019
- Posts
- 17
PAY OFF YOUR MCAS with a BANK LINE OF CREDIT - NY METRO AREA
Bank revolving line of credits available !
No credit check pre approval responses in 1 Day.
Location: Available only in NY, NJ, CT and locations close to these states
Loan Amounts: up to $150,000 from each bank (can be done with multiple banks)
Loan Amounts qualification: 15% of annual revenues up to $150,000
Rates: 4.25 - 5.75% Annual
FICO requirement: 680+
Can not have a loss greater than $100,000 in most recent filed tax year
NO UCC filing
Required documentation for pre approval
1 year of most recent filed tax return
Application
ID from guarantor/owner
Please contact us:
Probant Capital
212-439-4629
www.ProbantCapital.com
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05-07-2021, 11:10 AM #2
- Join Date
- Apr 2017
- Posts
- 96
sounds very legit
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05-07-2021, 06:15 PM #3
- Join Date
- Jan 2014
- Posts
- 1,370
no credit check...fico requirement 680. ohhh ok
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05-10-2021, 09:20 AM #4
- Join Date
- Feb 2019
- Posts
- 209
No shot with half the things you said. Stacking MCA is 1 thing. Stacking banks is straight-up fraud unless each bank is taking a junior position behind the older position.
No bank goes off % of annual revenue. It is all about debt servicing
You are not going to get a single-digit bank loan without a UCC filed of some kind.
No bank is touching a 100k loss unless the revenue growth is substantial and even then, the file will need to be spotless on every single other aspect & even then, it is a low success rate.
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05-10-2021, 09:45 AM #5
- Join Date
- Jun 2019
- Posts
- 17
Our Managing Director is a former business banker for 10+ years i can absolutely see everyone doubt in our process.
We have been successfully doing this for 2 years and have can provide references with MCA lenders and brokers on our product.
There is absolutely no fraud when the bank does not file a UCC.
Is having multiple credit cards fraud? Its a similar concept except with bank lines of credits.
Before completely shutting us out let's have a conversation.
Please contact us:
Probant Capital
212-439-4629
www.ProbantCapital.com
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05-10-2021, 10:01 AM #6
- Join Date
- Jun 2019
- Posts
- 17
Our Managing Director is a former business banker for 10+ years i can absolutely see everyone doubt in our process.
We have been successfully doing this for 2 years and have can provide references with MCA lenders and brokers on our product.
There is absolutely no fraud when the bank does not file a UCC.
Is having multiple credit cards fraud? Its a similar concept except with bank lines of credits.
Before completely shutting us out let's have a conversation.
Please contact us:
Probant Capital
212-439-4629
www.ProbantCapital.comLast edited by ProbantCapital; 05-10-2021 at 10:03 AM.
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05-10-2021, 10:02 AM #7
- Join Date
- Jun 2019
- Posts
- 17
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05-10-2021, 10:04 AM #8
- Join Date
- Jun 2019
- Posts
- 17
Our Managing Director is a former business banker for 10+ years i can absolutely see everyone doubt in our process.
We have been successfully doing this for 2 years and have can provide references with MCA lenders and brokers on our product.
There is absolutely no fraud when the bank does not file a UCC.
Is having multiple credit cards fraud? Its a similar concept except with bank lines of credits.
Before completely shutting us out let's have a conversation.
Please contact us:
Probant Capital
212-439-4629
www.ProbantCapital.com
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05-10-2021, 11:10 AM #9
- Join Date
- Feb 2019
- Posts
- 209
UCCs have nothing to do with fraud...
Stacking CCs vs Bank LOCs are 2 completely different animals.
If you stack anything but the client is able to meet obligations, then no harm, no foul. What happens when a default event occurs?
CC stacking, they will take you to court depending on the amount. (CCs do not go after someone that defaults on 2k but they will on 25k)
MCA stacking, they will be less likely to work with you & rather go through legal or they might not refi you
Even if a UCC is not filed, you still need to disclose your entire debt schedule. If you stack LOCs, then you going to be lying when you sign the bank note. What happens when they review the file & do a document request after 12-18 months?
At the rate you advertised, this must be a LIBOR(or prime)+point product & the commission is going to be 1-2 points that will need to be split since this is a co-brokering arrangement.
Also bank preapprovals in 24 hours do not mean anything. This typically means that they will approve based on what is supplied to them & once they look at the file, it will not pass UW & then the close rate will be too low to justify the resources spent to earn 1% commission.
The only way to earn more money & keep it kosher would be a packaging fee which should be paid at the close which I am sure you do.
Bottomline: either this product is not as easy as you make it sound or there are a lot more fees built in that have not been disclosed.
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05-10-2021, 12:28 PM #10
- Join Date
- Jun 2019
- Posts
- 17
All you are saying is absolutely true for how traditional lines of credits are underwritten and monitored.
However, we have identified specific banks in our area, that have different underwriting and monitoring procedure for "low exposure" loan requests with good personal FICO.
We disclose full debt schedule as part of the application, and they still approve it. We successfully done this for 2 years ourselves and have finally put the resources together to start expanding this and offer it to more clients.
There is a one time fee of 10% that we charge at closing that is deducted from the new line of credit and we pay brokers 4% commissions.
total cost to the borrower is significantly owner than any cash advance out there.
Please contact us:
Probant Capital
212-439-4629
www.ProbantCapital.com
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05-10-2021, 02:39 PM #11
- Join Date
- Apr 2019
- Posts
- 318
lmao $100 says this is that dude creative lender/ elgin/ pacific west/ fundova/ etc other names he creates every other week...
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05-10-2021, 03:11 PM #12
- Join Date
- Jun 2019
- Posts
- 17
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