I received a telephone call from the Program Manager of Business Line of Credit Source D after business hours tonight.
Here’s the abridged version of what he shared:
If you have a 730+ FICO score visit www.myfico.com and run your credit all three bureaus – if you run it’s a “soft inquiry” and it does not effect your credit score.
If you have a 730 mid-score, are at least 27 years old, and have credit card debt at less than 30% of the high credit limit for each of your credit cards you will have two funding options:
$1,000,000 to $1,499,999 $50,000 Program Manager Fee plus 1% to Cash Flow Specialists, Inc. Up Front plus 8% Back End Fee of which 3% is paid to Cash Flow Specialists, Inc.
$1,500.000 to $2,000,000 $75,000 Program Manager Fee plus 1% to Cash Flow Specialists, Inc. Up Front plus 8% Back End Fee of which 3% is paid to Cash Flow Specialists, Inc.
It will take 94 to 97 calendar days to fund.
The Program Manager and his team have funded hundreds of businesses since their inception in 2004.
They are a small volume shop with six openings for fundings a month. If you have the credit score and meet the criteria this may be an excellent way to raise money.
Up to $2 Million in Funding!
The Program Manager and its agents have designed our Monster Corporations for business owners, investors, and entrepreneurs with capital needs. These corporations are fully documented with tax returns that are verifiable with the Internal Revenue. In addition, assets are also included with these corporations.
Our Monster Corporations are a subsidiary of a parent corporation allowing us to use its assets and cash flow. It mirrors the parent corporation and the parent company actually moves cash to the Monster Corporation to support the operational expenses.
-The Client is purchasing a Monster Corporation through a stock sale:
-Fully documented corporation.
-Minimum of score on Experian of 80
-The funding for a Monster Corporation is from $1 million and up to $2 million (USD).
-Upon successful funding of the corporation, the client will remit an 8-point success fee.
-The client is to have a FICO score of 730 and above. We cannot guarantee any funding amounts if client is unable to maintain his credit worthiness or by any future derogatory listing on their credit report or changes in their debts to high credit limits.
Our ability to fund the Monster Corporation is up to $2 million (USD). The Program Manager will guarantee $1 million (USD) in funding; however, we cannot guarantee guarantor as guarantor must maintain credit worthiness; i.e., maintain credit scores at or above 730 minimum FICO for all credit bureaus; Equifax, Transunion and Experian.
-Also, to maintain a debt to balance ratio on all personal credit cards of 30% or less, no derogatory credit and no major purchases as this could have adverse effects to ones credit worthiness which in turn can eliminate guarantor from obtaining desired line of credit.
-Free of all liens and judgments and in good standing with the state of issuance. These are usually California and Texas corporations.