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07-03-2014, 09:05 AM #1
- Join Date
- Jul 2014
- Posts
- 23
Looking for 2nd position banks
Any other banks out there doing long term 2nd position deals besides IOU?
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07-03-2014, 10:47 AM #2
Ocean Financing can do 2nd 3rd 4th up to 10 months on a paper merchants.
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07-03-2014, 11:27 AM #3
- Join Date
- Jan 2014
- Posts
- 283
Tons of them. Yellowstone, of course. Pearl/Horizon is a very popular one as well. For a can do 2nds. WBL as well if your client is willing to do something asset based (not mandatory under $100k but will get them a better offer). Some others are TVT Capital, Knight Capital, Nu Look, Strategic (I think). There are a lot more, those are the ones I do or have worked with.
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07-03-2014, 11:31 AM #4
- Join Date
- Mar 2014
- Posts
- 6
123
Last edited by DL8; 07-07-2014 at 11:31 AM.
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07-03-2014, 12:44 PM #5
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07-03-2014, 12:52 PM #6
- Join Date
- Jun 2013
- Posts
- 195
We offer 2nd positions from 6-12 months. No collateral necessary if the credit and cashflow are strong.
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