[downtownfunding]

Hi All,

I am working with a very large company that has come up with a program of factoring the receivables of defaulted MCA clients who meet the criteria, in order to pay off the defaulted balance and after that, converting the merchant to a factoring client since they no longer can obtain an MCA due to the default. The default does not disqualify them from factoring at this company, and the merchant's funds are sent directly to the funding company that is owed a balance until that balance is paid in full, we also will take a subordinate position to the defaulted MCA lender's UCC. We are working with several large MCA companies and would like to open this product up because it is working spectacularly well. We have basically created this product specifically to allow MCA lenders to convert a large percentage of their defaulted portfolio into immediate payment.

We are looking for direct lenders, the bigger the better, who can identify the defaulted accounts on their books that would be in industries that operate off invoicing, or allow us to do it for them. You can give us a test run of just a few defaulted merchants, that's fine. We are looking to continue building this into a wholesale operation. We are capable of several hundred submissions at a time, so we can easily take on your entire defaulted portfolio.

Please message me if interested, and then we can move the conversation to phone or email. Thanks!

[ryan $]

Hi All,

I am working with a very large company that has come up with a program of factoring the receivables of defaulted MCA clients who meet the criteria, in order to pay off the defaulted balance and after that, converting the merchant to a factoring client since they no longer can obtain an MCA due to the default. The default does not disqualify them from factoring at this company, and the merchant's funds are sent directly to the funding company that is owed a balance until that balance is paid in full, we also will take a subordinate position to the defaulted MCA lender's UCC. We are working with several large MCA companies and would like to open this product up because it is working spectacularly well. We have basically created this product specifically to allow MCA lenders to convert a large percentage of their defaulted portfolio into immediate payment.

We are looking for direct lenders, the bigger the better, who can identify the defaulted accounts on their books that would be in industries that operate off invoicing, or allow us to do it for them. You can give us a test run of just a few defaulted merchants, that's fine. We are looking to continue building this into a wholesale operation. We are capable of several hundred submissions at a time, so we can easily take on your entire defaulted portfolio.

Please message me if interested, and then we can move the conversation to phone or email. Thanks!

Who cant fund defaulted merchants? I can.

[Hedley Lamarr]

Hi All,

I am working with a very large company that has come up with a program of factoring the receivables of defaulted MCA clients who meet the criteria, in order to pay off the defaulted balance and after that, converting the merchant to a factoring client since they no longer can obtain an MCA due to the default. The default does not disqualify them from factoring at this company, and the merchant's funds are sent directly to the funding company that is owed a balance until that balance is paid in full, we also will take a subordinate position to the defaulted MCA lender's UCC. We are working with several large MCA companies and would like to open this product up because it is working spectacularly well. We have basically created this product specifically to allow MCA lenders to convert a large percentage of their defaulted portfolio into immediate payment.

We are looking for direct lenders, the bigger the better, who can identify the defaulted accounts on their books that would be in industries that operate off invoicing, or allow us to do it for them. You can give us a test run of just a few defaulted merchants, that's fine. We are looking to continue building this into a wholesale operation. We are capable of several hundred submissions at a time, so we can easily take on your entire defaulted portfolio.

Please message me if interested, and then we can move the conversation to phone or email. Thanks!

Happy to compete on those factoring deals! We have done several deals where the owner stacked themselves to death or defaulted with other advancers/lenders. We are a bank owned factor and asset based lender. That being said, our rates are more cost effective than most factoring companies.