Good Day Everyone, I work mostly with MCA. Lately we have a lot of Merchants asking for LOC. We have a few companies that Provide it. However we are looking for more. Anyone Know of good LOC providers? Feel free to share. TIA.
We have plexe and all of our clients love it. Super merchant friendly! Happy to submit & split if you can’t get them
Besides the ones on this page, https://www.funderintel.com/business-line-of-credit, I would also suggest contacting Backd as we just added them to that list.
You can ask @Hasan Ehsan or click on their profile here to have them contact you https://www.funderintel.com/funderslist/Backd-Business-Funding-
BlueVine $250K max, Rapid I think is $65K Idea $250K Headway $100K
And I have a non bank lender:
$50,000 -$3,000,000
Renewable 1 year term
Line of credit:
Minimum 650 credit score (grater above the 650 min the better)
Collateral – Inventory, Operating Capital (cash), Accounts Receivable can be used for collateral
Receivables need to be 80-100% advance rate
Inventory valued 80-100%
Steve Benjamin
​Professional Business Loans
Irvine, CA 92620
SteveProBiz@gmail.com
https:/probizloans.net/
949-228-1050