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  • ERC Lenders

    Hi Guy. are there any Lenders that advance merchants based on the EmployeeRetention Tax Credit? High Demand. I know I can just do an MCA. Im not asking about that. And if you have this product are there favorable rates/terms?

  • #2
    ERTC Bridge overview

    Up to 60% LTV on submitted ERTC claims

    22-35% 12 month deals
    interest only - sometimes for full term sometimes for half the term - depends on the credit

    At Submission:

    • 3 months business bank statements (main operating account)
    • Merchant application
    • Most recent tax returns & 2022 YTD P&L
    • Form 941
    • Form 941-X
    • Employee ERC calculation breakdown per quarter associated with the corresponding filed 941-X form
    • Proof of eligibility (eligibility criteria)
    - government mandated shutdown
    - Loss in revenue in accordance with ERC qualification (please have CPA sign and owner)


    *If you can not provide the ERC calculation break down the client can only be approved for tiered amortized weekly payment structure*

    (Require driver id of owners over 20% as well)

    Fees:
    4 % origination
    commission 4 - 5%

    Also Finance ERC:

    888-ERC-NOW3 | info@financeerc.com | www.financeerc.com

    Steve Benjamin
    Professional Business Loans
    Irvine, CA 92620
    SteveProBiz@gmail.com
    https:/probizloans.net/
    949-228-1050




    Comment


    • #3
      Thank you. Will call tomorrow

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