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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?
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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%
Amir Brito
o: (646)845 9280 |
: (917) 744-9919abrito@tvtcapital.com
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
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Thank you. Will call tomorrowComment
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