Results 1 to 17 of 17
-
06-14-2018, 01:51 PM #1
Fund large deal with previous default
Who will fund a large deal with a previous default?
Eagle Funding Group
Phone: (646) 793-6809
Email: info@eaglefundinggroup.net
Web: www.eaglefundinggroup.net
-
06-14-2018, 02:10 PM #2
- Join Date
- Jun 2018
- Posts
- 36
Fund large deal with previous default
Is the default repaid?
-
06-14-2018, 02:13 PM #3
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,490
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
-
06-14-2018, 02:15 PM #4
- Join Date
- Dec 2013
- Posts
- 4,713
Does he currently have MCA funding ?
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
-
06-14-2018, 02:23 PM #5
I asked a general question on who would fund a deal that has a default, not sure why you are asking Crazy details about a specific deal as I did not say there is a deal on the table. The reason I said large is there痴 no way someone is funding a 20K deal that defaulted.
But being specific Mr. Clapman you guys declined a default I had for default. And he was doing a mill a month and paying MCAs
-
06-14-2018, 02:27 PM #6
- Join Date
- Aug 2017
- Location
- New York City
- Posts
- 199
if its 20k ur looking for im sure midnight would do it but if hes doing a mill a month i doubt thats what ur looking for....by chance this a cali deal? lol
-
06-14-2018, 02:30 PM #7
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,490
Ok... If you are asking a general questions: We have and will finance companies that have defaulted with other lenders so long as we have a good understanding of why. My question to you because I like to ask CRAZY questions...... You asked how funds large default deals. Do you really consider a $20,000 deal a default? Add a comma and a few zeros.....
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
-
06-14-2018, 03:07 PM #8
I have 3 of them in Cali, and 1 in NY
-
06-14-2018, 03:25 PM #9
- Join Date
- Aug 2017
- Location
- New York City
- Posts
- 199
Currently dealing with the issue myself, guys been paying for last 6 months from what i see with crazy balances (both mca and ending balances) getting declined for default....got funded like 600k over past 6 months tho idgi
-
06-14-2018, 03:38 PM #10
- Join Date
- Jun 2017
- Posts
- 2,049
There are Companies that Miss Defaults....depending where they are..... DataMerch, Court System, If COJ was filed , etc
-
06-14-2018, 03:42 PM #11
- Join Date
- Aug 2017
- Location
- New York City
- Posts
- 199
-
06-14-2018, 03:51 PM #12
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,490
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
-
06-14-2018, 03:55 PM #13
- Join Date
- Jun 2017
- Posts
- 2,049
i sent you a PM
Also, there are a few more options as long as it wasnt a default on YS
-
06-14-2018, 04:05 PM #14
- Join Date
- Feb 2017
- Posts
- 3,433
The merchant needs $110,000 for 2-3 days (existing paid checks need 2-3 days to clear), willing to pay 1%/day. Checks will clear by Tuesday at the latest. Heimish guy, guaranteed ROI.
The client also needs $26,000 ASAP, regular revenue will cover that soon enough, but won't be 1%/day.
There is a new factor involved who might be able to help with the prepayments the invoices, and we'll know by the end of the day if this factor can do it and if he can net on top with an intercreditor relationship to help buy out the MCA debt. There will be definitely eventually be a factor involved, it's just a matter of who. It's a bumpy ride until it gets in place (hopefully by next week).
-
06-14-2018, 05:26 PM #15
- Join Date
- Sep 2016
- Posts
- 169
unique funding solutions would have a look as long as merchant didnt rework payment and he paid off sooner then later
irving@ufsfunding.comIrving Winograd
Unique Funding Solutions
646-460-3139
-
06-15-2018, 08:39 AM #16
- Join Date
- Jul 2013
- Posts
- 352
-
06-15-2018, 01:25 PM #17
- Join Date
- Dec 2013
- Posts
- 4,713
But being specific Mr. Clapman you guys declined a default I had for default. And he was doing a mill a month and paying MCAs[/QUOTE]
Usually when they call me Mr. Clapman I'm in trouble ... With that said there are dozens out there that can say they got funded from mantis that have been in default..however there are many different kind of reasons a merchant defaulted that come into play when we do fund them. Keep in mind we funded thousands and thousands of transaction and a small amount have been defaulted in the past..i dont want anyone to think we are a house that funds defaults -- however if your hearing the story and it makes sense like for example he says i was driving on the highway and i got into car accident and here is the link of me being airlifted and my business was halted for 4 months and now i am back in business we would probably fund that scenario.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
Similar Threads
-
Will anyone fund a business 20k with a previous outstanding loan 32% paid down?
By Kimmy in forum Deal BinReplies: 7Last Post: 02-26-2020, 06:40 PM -
$500,000+ Needed for Large Manufacturing Plant -- Asset-Based Deal **Tough Deal***
By Fundyman in forum Deal BinReplies: 6Last Post: 04-18-2017, 02:20 PM -
Previous MCA DEFAULT PAid in FUll request
By brokerCompany in forum Deal BinReplies: 3Last Post: 01-17-2017, 11:16 AM -
Roofer with a mess- Attorney Told him to default Previous lender
By michaelh in forum Deal BinReplies: 17Last Post: 04-20-2016, 03:29 PM -
Merchant with previous default ACH loan history
By Powerfunder in forum Merchant Cash AdvanceReplies: 22Last Post: 11-09-2015, 03:11 PM