I had a client tell me Amex is not funding anymore. Not sure if this is true and also some of my lenders are not funding.
I know lendini, rapid, everest, rdm, next wave, yellowstone, kalamata, fundkitte, greenbox are and im sure im missing a bunch.
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I had a client tell me Amex is not funding anymore. Not sure if this is true and also some of my lenders are not funding.
I know lendini, rapid, everest, rdm, next wave, yellowstone, kalamata, fundkitte, greenbox are and im sure im missing a bunch.
Hey,
ClearFund specializes in Micro deals (2k-25k) 1st position and up - and we're funding.
Feel free to reach out us at partnes@clearfund.co
Deals should be sent to deals@clearfund.co
Thanks
We are funding 1-4 position deals!
VitalCap is funding. Feel free to reach out so I can run through our guidelines with you.
Better question, who isn't funding right now?
Yeah, that is the better question. If i'm not mistaken, BFS isn't - I heard theyre only doing renewalsQuote:
Originally Posted by Lmonus
Does anyone know if BFS plans to start funding again?
Amex just concluded the purchase of Kabbage.Quote:
Originally Posted by Amiran5
Agreed. If they're not funding now, do we think they're really ever coming back?Quote:
Originally Posted by Lmonus
Yes. A lot of people got wiped out and are trying to line up new capital sources.Quote:
Originally Posted by BB_Cooper
Good morning everyone!
No Bull Sh**, Torro Funding is full steam ahead.
We are funding 1-8th positions with daily and weekly payment options.
We push banks out to 45% of revenue and will get aggressive when needed.
Torro is a direct lender and will protect your book.
We are making a huge push to get capital onto the street, please reach out to me directly to sign up!
You'll have a personal rep who will all deal flow for you.
Evan Ensign
Director of Business Development
Torro Funding
c: 419-577-5119
o: 267-592-4291
evan.ensign@torro.com
Lendini is funding? I thought they filed for BK?
Got an email from them a month ago:
This is Gianna from Lendini. I am following up on the email Dave sent you last week. Please click here to schedule a short, 15-minute call to discuss our funding roadmap for EOY 2020. I have also attached our funding guidelines. This email is notice that we welcome any submissions you have for us. Our motto is, "Fast Business Funding For Fast Moving Businesses." Please send applications to submissions@lendini.com.
Yeah they send that out lil while back but are they actually funding?Quote:
Originally Posted by abfunders
Been funding since June, putting out some nice approvals. Seems like things are slowly on an upwards trend with MCA since a lot of the SBA money is falling off soon as well.
Nicholas@lifetimefundingllc.com
516-604-0609
We never stopped. Credit Card splits only. 3 months + in business can be considered as long as they are averaging $6,500+ per month in cards. No double dipping on renewals. Commission paid at time of funding.
I know that the conclusion of this thread was for funding companies to not promote and for people to instead talk about whos not funding but I'm going to take my shot here anyway
We are actively funding and our underwriting team/management are getting more hungry for files every day this pandemic becomes more normal which means we will fight for your deals. Try us out on your 2nd-5th positions and we'll be aggressive as possible to get these funded the same day you submit the file to us. Our underwriters are also willing to work with ISO shops on catering to what will make a merchant sign today. We really like cleaner 2nd and 3rds where we can go out longer, offer lower buy rates (1.28+), and pay 14 points.
Reach out to me at matthew@riveradvance.com if interested in trying us out
BizFund never stopped funding. We offer 2nd-4th positions with daily or weekly payments.
We are funding,
- No Credit Check or Requirements
- Same Day Funding
- No Industry Restrictions
Feel free to reach out for offers.
We will make offers with most recent 3 Bank statements alone.
Greenwich Capital Management Funding out to 12 months - Buy rate as low as 1.09 - Ask about our LOC program with rates as low as 2.75% a month. We are aggressively funding upto 750k -
Email Inquiries@gcmcapitalgroup.com for ISO Agreement.
We are funding 1st-2nd position deals and have not ceased to fund during the pandemic.
Feel free to reach out for more info.
Green never stopped funding!!! We will fund your high risk previous defaults etc. Reach out to us for an ISO agreement
Torro Funding is up and running!
Torro is a direct funder with all in house funds. We protect your book and ensure your merchants are kept to you.
We fund every state, but MA, we do not offer reverses, and we will fund behind judgments(must be satisfied).
We fund 1-8th but prefer 2-5th.
Essential and nonessential, we love restaurants, healthcare, auto repair, and HVAC right now.
15k rev and 5 deposits a month
450 Credit+
Defaults/Judgments must be satisfied or have a current position.
We will fund behind altered payments but not stopped payments.
We will fund 1-8th positions; 2-5th is our sweet spot.
5k-200k, 3-7 months, daily/weekly/cc split (term/$ will increase as covid clears)
All approvals are hard; mtd provided with the submission means approval will fund 10/10 times.
Same day approvals, funding. Commission paid out the next day to rep.
Renew at 50%, need signed docs, bank login, FC.
We do not fund transportation, trucking, marijuana.
Reach out to me directly, and I will get you partnered with one of my reps!
Evan Ensign
Director of Business Development
Torro Funding
419-577-5119
evan.ensign@torro.com