Other Business Financing

Many of you have reached out to me about using real estate to cover overleveraged MCA merchants. Unfortunately the biggest issue we run into is that these merchants only have their primary residence as ther real estate asset. I now have access for these scenario's  - licensed in 33 states as follo

Merchant has $1MM SBA 7A and wants $500,000 working capital O/O restaurant with tenants - collateralize by his property Merchant hates the SBA 7A Rate, that it adjusts every 3 months and that it collateralizes all business assets. So I suggested we create a new LLC, pay off the SBA 7A  - get  it c

Looking for MCA or lenders that fund non-profit businesses

Merchant in Arizona has $450,000 in MCA debt. Has a first mortgage of $577,000 at 6.8% on a primary residence worth $2MM+ Got him a new first mortgage of $1.5MM 30 year fixed at 7.35% paying off all of his MCA's and giving him plenty of working capital freeing his business of all debt. Broker w

As some of you may know, my posts on Daily Funder have all been removed. If you need help with anything outside of MCA, reach out. I am well experienced in any real estate, SBA, equipment financing, factoring, personal loans. I can take out over leveraged MCA's with asset based lending, and other

After reading this report, what are your thoughts on the longer-term impact of embedded lending on funders and brokers who don't have the proper partnerships or software to take part in this growth? "PYMNTS Intelligence research finds that 56% of microbusinesses were not highly satisfied with credi

MIAMI – A former Small Business Administration (SBA) employee who fraudulently obtained COVID-19 relief money to spend on luxury items was sentenced on June 13. United States District Judge Rodolfo A. Ruiz II sentenced Malaina Chapman, 38, to 54 months imprisonment, followed by three years of super

MCA lender reaches out to me to do a cash out refi on a primary residence in Virginia. Appraisal comes in at $1.435MM Merchant has a LOT of debt. IRS: $762K B B & T Bank $37K F & M Bank: $210K VA Dept of Taxation: $46K (We had to negotiate to pay all these off as they put liens on the property) Thi

SBA lending approval activity updated monthly, filterable by SBA program and time period.

Seems like the following same thing-"major banks pulling back"- has been said since after the great recession of 2009ish. From Fintech Nexus: CEO Corbett: “One of the reasons behind the opportunity to move into small business lending is the major banks pulling back.” Empty seaports and other hau

Some of you may or may not have seen all my posts on another forum.  I discussed SBA loans, different asset based financing, equipment, real estate, personal loans, factoring, and all other aspects of different financial options for business owners. So if any of you have any questions that might be

Happy to be here my name is Arieh kaplan and I am with Barclays advance looking forward to connecting with other Funders and brokers in this amazing industry

If you are talking to a trucking company who needs money, ask Use of funds - equipment financing, working capital or each/both? Break it down. Loans up to 7 years and rates 8% and up. Programs for Fico 680 and up 620 to 680 Below 620 Amount of money requested... Day cab, sleeper or what Lon

If it's a basic hard money property loan, I have been doing a lot of them.....have several lenders I use. Some are blanket loans covering all properties with one loan. Some require loan on each property. You can finance investment property - residential 1 - 4 units, more than 4 units, mixed use pr

Broker reached out to me. Here's the documents I need: I need loan app, 4 months business bank statements, pictures of trucks, copy of title, pictures of vin, condition report, and equipment spread sheet. In this case, the borrower will most likely need a co-signer. Advised the broker accordingly.

Positive news for business owners investing in equipment: Trump’s new bill makes full expensing permanent. That means you can immediately write off 100% of qualifying equipment purchases instead of depreciating them over years. This is huge if you’re thinking about: ✔️ Upgrading machinery ✔️ Addin

Merchant reaches out to me to see if I can beat an equipment financing quote. "RITCHIE BROS APPROVED ME FOR 230K AT 9% ON NA 60 MONTH 0 DOWN" What I was able to offer this merchant: We are pleased to offer xxxxxxxxxxx a $500,000 equipment Master Credit Line that can fund your current and future equ

Merchant is doing $5MM in revenue with $1.5MM MCA's. I had the merchant do a cash flow analysis with current MCA's and a second cash flow analysis doing a $2.5MM bridge loan to take out the 4 MCA's. Here's a summary put together: We are pulling together the items in your checklist and are just awa

Lumos Small Business Economic Index "Our economic index has a 30-year average of 100. Scores higher than 100 indicate higher than average credit losses are expected due to worsening economic conditions. The index is directly proportional to annual expected losses. For example, a score of 200 would i

SHF Holdings, Inc. (NASDAQ:SHFS), which operates Safe Harbor Financial, grew its share prices by 95.79 percent on Monday, a second straight day, to end at $4.19 apiece as investors snapped up shares in the company following news that it partnered with FundCanna to support cannabis-related businesses

There can be options to help your MCA clients who want better rates and terms - this is where I have experience to fund....I can get cash out on equipment or other assets like real estate...in a week (in some cases) at much better terms than a MCA. Monthly payments.  In a lot of instances, these mer

Here's some information on personal loans and business credit cards. W2 = 30 days of recent pay stubs Self Employed = 2 year tax returns & 4 months biz bank statements). Most recent personal tax return. Tri merge credit reports: https://www.myscoreiq.com/get-fico-preferred.aspx?offercode=4321

Happy Monday everyone! The Canadian market for alternative financing has been starting to really heat up as not an alternative to the U.S. market but as a necessity to Canadian small businesses as well. Let me know what you guys have been seeing over there or what your thoughts are. ~Logan Plovnick

Hello are there any direct lenders for business line of credit and credit cards? Just looking to partner with some.

Medical doctor... There are several different methods to get a real estate loan depending on the scenario... He has a first mortgage on his primary residence of $288,077. Rate of 4.125% He has two MCA's loans in the amount of $170K and $100K, has a Heloc of $61K (also - Credit Card debt of $100K) W

I'm looking for a Government Contract Financier that can do $30M-$60M. TIA!

I just closed one $1.1MM deal with title issues and have another getting ready to close that had 32 fraudulent liens on title. The issue is that neither the title company nor the lender satisfactorily do their jobs to clear these and I want to make it clear that you sometimes HAVE TO ACCEPT RESPONS

Cash out Primary Residences - 1st and 2nd mortgages now available. Now licensed and approved in 33 States AL AK AZ CA CO CT DE DC FL GA HI ID IL MD MI MN NE NC NJ NV OH OK OR PA RI SC TN TX VA UT WA WI PA I can now do cash out of primary residences - first and second mortgages 80% combined loan to v

Hi, we are new to the forum and looking for lenders in the specialized market of Self Storage Funding, We have 30 plus years in residential and commercial and self storage mgmt and open to lenders as brokers in this market and other SB funding. Look forward to hearing conversations from anyone on t

FYI. Reach out - I have several better options now. Doing a lot of second mortgages on primary residence 660 Fico Bank Statements - business and personal 30 year fixed 9.5% - 10.99% 80% CLTV. AL AK AZ CA CO CT DE DC FL GA HI ID IL MD MI MN NE NC NJ NV OH OK OR PA RI SC TN TX VA UT WA WI PA Steve