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06-12-2017, 09:48 AM #1
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- Jul 2015
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- 168
Best Funders For Small Deals
Our company generates a decent amount of organic applications; the #1 decline reason we have is "low Revenue" i.e. merchants with below $9k per month in monthly top-line.
We get bombarded with ISOs dying for our declines but no one wants these low revenue files. Anyone have good experience with either a lending platform, reputable funder, or business credit card offer that works well for this cohort?
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06-12-2017, 09:56 AM #2
- Join Date
- Feb 2017
- Posts
- 3,429
Business credit card? That's our specialty. Please call me and we'll get this done.
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06-12-2017, 10:22 AM #3
- Join Date
- May 2017
- Location
- New York
- Posts
- 26
CFG Merchant Solutions doesn't require a Minimum Deposit requirement to fund deals. As long as their cashflow is strong/consistent, no more than 6 negative days per month and they have decent ADB's, we can usually generate an approval.
If you'd like to find out more, shoot me an email/PM or give me a call.
Thank You,
Andrew Jagopat
CFG Merchant Solutions
t: (646)880-3824 | www.cfgmerchantsolutions.com | AJagopat@CFGMS.com
85 Broad Street, 18th Floor, New York, NY 10004
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06-12-2017, 11:05 AM #4
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- Mar 2016
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06-12-2017, 11:10 AM #5
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- Jun 2015
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- 3,322
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06-12-2017, 11:14 AM #6
- Join Date
- Dec 2013
- Posts
- 4,713
We have a separate division that ONLY focus on MICRO-FILES will fund a 5K in monthly revenues. So we fund tens of files a day between 2-10K and almost never need a COJ on the micro-files-program (FASTEST OFFERS..double digit commissions and of course fewest stips!!).
(oh.... we also fund JUMBO deals 100K+!!)
Signup today!!Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
覧覧覧覧覧覧覧覧覧覧覧覧覧
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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06-12-2017, 11:24 AM #7
- Join Date
- May 2017
- Location
- New York
- Posts
- 26
The merchant cannot have more than 6 negative days per month. Their Daily Balances need to be able to support a daily pull (Ie. They can't deposit $5K/Mon and have balances of $50). Also, as long as the months don't fluctuate too much, Underwriting will look at the file. There is no minimum deposit amount.
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06-12-2017, 11:27 AM #8
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- Jun 2015
- Posts
- 3,322
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06-12-2017, 11:33 AM #9
- Join Date
- May 2017
- Location
- New York
- Posts
- 26
He could potentially be approved for $1-1.5K. You can gladly send over the file and I'll let you know if any of the Underwriters put out an approval.
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06-12-2017, 11:57 AM #10
- Join Date
- Oct 2014
- Posts
- 260
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06-12-2017, 12:01 PM #11
- Join Date
- Mar 2016
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- 657
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06-12-2017, 02:23 PM #12
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- Jun 2015
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- 3,322
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06-12-2017, 05:21 PM #13
- Join Date
- Jan 2015
- Posts
- 3
Email me, We will take them chrisg@ascendfundings.com
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06-12-2017, 07:20 PM #14
- Join Date
- Apr 2014
- Posts
- 781
Chris no
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