Hi, which lenders are good for replacing mca financing in order to help clients to lower there costs
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Best Financing to replace or take out MCA
Best Financing to replace or take out MCA
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Too big of an open ended question...do they qualify for a term loan, SBA 7A, SBA Bolt, Hard money property loan can we collateralize equipment? You have to ask questions, probe and do discovery to find out. It isn't as easy as who can do what.
What's their Fico score?
Are they making money, losing money or breaking even on their business tax return.
What is their DTI - debt to income ratio - is it over 10%?
What is their etran score - is it 175 or better?
Do they qualify for a personal loan - what is their gross personal income on a personal tax return.
I could teach a course to answer your questions in detail.