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  1. #1

    Best High Risk Funders????

    What is everyone's opinion on the best high risk funding companies out there???
    Ones that would do 2nd, 3rds, 4ths and 5ths....
    Ones that have no problem with restricted SIC codes???

  2. #2
    Senior Member Reputation points: 50583
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    What is YOUR definition of High Risk? Do you mean high risk or conditional industries? or High Risk as in they've been through some bad times and/or bank statements are wonky? Yellowstone is an obvious for all of your High Risk... SIC code restrictions and good ending balances or files that just make sense I would send to Greenpoint Group ($10k or higher)... Pearl...

  3. #3
    I believe Ocean Financing will go out to a 5th position

  4. #4
    Do you have contact info for Greenpoint Group?

  5. #5
    Quote Originally Posted by DL8 View Post
    What is everyone's opinion on the best high risk funding companies out there???
    Ones that would do 2nd, 3rds, 4ths and 5ths....
    Ones that have no problem with restricted SIC codes???
    Pearl, MCG and MCC starter are best for me

  6. #6
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    Quote Originally Posted by Jared_Weitz View Post
    Pearl, MCG and MCC starter are best for me
    Agreed on the "high risk" stuff. Although MCG and MCC will not do anything beyond 1st position.

  7. #7
    Quote Originally Posted by DL8 View Post
    What is everyone's opinion on the best high risk funding companies out there???
    Ones that would do 2nd, 3rds, 4ths and 5ths....
    Ones that have no problem with restricted SIC codes???
    Send your deals to us. We wont go above 3rd position and do have some SIC restrictions but we can probably beat out most companies terms withing our guidelines.
    Hit us up at iso@neweralending.com

  8. #8
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    New funder that is pretty good is Fusion Capital, they will go out to 3,4th position. Approvals are fast, within couple hours of submission, and we've been funding deals with them 24-48 hours after first submitting the file

  9. #9
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    Quote Originally Posted by bruce@bdfunding.com View Post
    I believe Ocean Financing will go out to a 5th position
    Bruce, I have seen them around the forum lately, how do you know they are a direct funder?

    Or are they another ISO presenting themselves as a funder?

  10. #10
    Quote Originally Posted by Andy View Post
    New funder that is pretty good is Fusion Capital, they will go out to 3,4th position. Approvals are fast, within couple hours of submission, and we've been funding deals with them 24-48 hours after first submitting the file
    Thanks Andy! Its a pleasure having you aboard!

  11. #11
    Cooper is indifferent to SIC codes. As far as 2,3,4th, etc, it's simply a question of whether the merchant's revenue can sustain the daily payments.

    Robert S Bloink
    EVP of ISO Partnerships
    Direct: 313-218-4663
    Email: bb@cooperasset.com
    Web: www.cooperasset.com
    logo-01smaller.jpg

  12. #12
    Senior Member Reputation points: 1422
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    I can attest, My experience with Cooper has been top notch thus far. Most companies will provide all the positions and work with the industries needed. When dealing with HR/2nds it's communication and honest underwriting that's most important to me. It's hard to get speed, communication and decent commission at one place, Cooper has proven themselves thus far.

  13. #13
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    PM me, ill make the intro to an exclusive High Risk Funding Company that pays around 12% on the funded / same on the renewals.

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