Hey guys needed some suggestions on which funders are funding merchants who have been in business for less than a year. However, the revenue is definitely there. Thanks!
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Hey guys needed some suggestions on which funders are funding merchants who have been in business for less than a year. However, the revenue is definitely there. Thanks!
My records say that CFG Merchant Solutions, MainStreet and Torro WERE accepting 3 months TIB. You will need to call and verify their current guidelines. I'm sure merchant will need STRONG revenue for however long they've been open plus you prolly won't get large offers but I could be wrong.
If you need less TIB than that, I think that's called startup capital.
Good Luck
Thank you! Well yeah got several files with 6-10 months in business doing around $100k so should definitely fit the box.Quote:
Originally Posted by SKITTLES
Bitty says they do 9 months TIB. They have a slick portal. Pay commish when funding the loan.
Check ClearFund. Say they do 3 months TIB. Call Hershey.
Cooper Asset 6 months, say they do high risk.
US Fund Source 6 months
In my previous post I mentioned Torro. Call Eric Christensen 801-441-7958 Straight shooter. Direct Lender
Check with each of them to confirm current guidelines.
I drink Johnnie Walker Blue, I'll be looking for the delivery. :)
Good Luck
-Dave
Haha appreciate it, Dave. If any of these get funded with any one of the above 100% a Johnnie Walker Blue New York Limited Edition will be coming your way!
We fund credit card split deals starting at 3 months in business. Must be averaging at least $6,500 per month in credit card sales to qualify for our minimum $5,000 advance.
ebfQuote:
Originally Posted by lendingking
ClearFund needs a minimum of 3 months TIB, but underwriting guidelines on those are stricter.
Thanks.