r/howtogetbusinessloans

Many clients I speak to in MCA’s end up getting screwed by predatory lenders.

100s of calls a day from brokers and lenders demanding their money after hidden fees and high payback rates that were never going to be profitable for that person’s small business.

Thats why Safeway exists, a legal debt management program. A team of veteran lawyers will renegotiate terms and rates of your loans and reduce both the total amount and interest rates. Success rate is 98%+.

If you’re monthly payback to MCA’s is over 50,000 you qualify. If you have at least 100,000 in MCA debt across multiple positions you qualify. We specialize in dealing with 3+ positions where consolidations are not suitable for a clients needs.
Clients would work directly with credible and experienced lawyers to smoothly manage MCA debt and open up more working capital opportunities.

NO UPFRONT COSTS OR HIDDEN FEES!

dm if you or anyone you know might be interested

Okay so I've been on a bit of a journey through the alternative lending space, partly out of necessity and partly because I find the whole industry weirdly fascinating, and I've dealt with enough of these companies that I figured I'd start writing them up because most of the "reviews" online are either 5 stars from people who clearly work there or 1 star from someone who didn't read their contract.

Total merchant resources was one of the ones I used and genuinely liked, which already puts them in a shorter list than you'd think. They're a direct lender meaning they fund with their own money and make decisions in house, which sounds obvious until you realize how many companies in this space are just middlemen collecting a fee to hand your application to someone else.

The process was straightforward in a way that felt almost suspicious at first. One page application, four months of bank statements, that's it. No tax returns, no business plan, nobody asking for your firstborn lol. I kept waiting for the catch and it didn't really come. Got approved, had money in my account in two days, and the rep they assigned actually knew things about my industry which I was not expecting.

The consultation thing is real too. I was going to borrow more than I needed and they talked me out of it. In a space where most companies are essentially trying to see how much they can get you to take, that was genuinely notable.

Things I liked: one rep handles the whole thing start to finish, no getting bounced around. They'll tell you if the amount doesn't make sense for your situation. Repayment options are flexible, you can do fixed or tie it to daily card volume depending on your business. No collateral, no personal guarantee, business risk stays in the business. BBB accredited, over $1B funded, closed a deal on shark tank with kevin o'leary.

Things worth asking any direct lender before you commit: do you use your own capital or are you brokering this out. What are the repayment options and is there flexibility if revenue dips. Is there a prepayment discount if I pay early. Who's my point of contact and will that change throughout the process.

Not the cheapest capital you'll ever access, that's not what this is. But for what it is, they're one of the more honest operators I've come across in this space.

Looking for closers not brokers.

Looking for quality and deserving candidate who can close exclusively provided leads for all types of loan request.

This is 100% sales job, comp is negotiable but min 50/50.

We lend and broker mca.

We broker leasing. We get vendor inquiries looking to fund their clients.

Looking for someone with integrity and those who doesnt bite the hands that feeds them.

You'll use our app and our lenders. You'll represent us not your iso, thus iso need not apply.

HQ in San Diego CA, I live in HI. Liberty Capital. I have CS in PI.

Default For Helathcare

Wondering if lenders are seeing higher default rates for the healthcare industry due to the administration's crackdown.

I stopped lending to that industry right now...

The 10 UDSA lenders identified in the announcement account for nearly half of the delinquent loans in the program, according to a USDA news release. The full list of lenders:

Bank of Montgomery (BOM) Bank

Byline Bank

Celtic Bank

Community Bank & Trust – West Georgia

Genisys Credit Union

Greater Nevada Credit Union

North Avenue Capital

Optus Bank

U.S. Eagle Federal Credit Union

ReadyCap Commercial

I work for a firm out of Boston

Highlights of the financing programs we offer:

Application only financing up to $350,000

A-E Credits-Best rates are from 6-8%

Ability to finance legacy and startup businesses

Credit approvals within 24 hours

Terms up to 84 months

Approvals on credit scores 500+

SOFT credit pulls

Early buyout options available

Cash Financing - for down payments, infrastructure improvements etc