Results 1 to 4 of 4
-
09-13-2018, 12:27 PM #1
- Join Date
- Dec 2015
- Location
- Texas
- Posts
- 552
seeking 15k 75 days, just funded 40 days ago
Has a default and in collections, company is paying on current mca whom is willing to renew in 15 days, **funder was aware of the defaults and willing to renew but merchant has to fill a PO and needs 12k minimum.
3rd position for 18K for 50 day WAS JUST KILLED BECAUSE THEY DID NOT SEE THE DEFAULT on initial funding and after contracts signed, notarized and returned....
anyone willing to give 12k for 60 days with open default with A paper lender?
claimed reason for default, broker who gave the A paper mca charged a psf of 15 points told the borrow to default cuz of his psf had to be paid before he could tell client to save him from negative days with his bank, broker bailed 3 days after he got his 15% to lower payments.... which merchant just ended up stopped paying all together.
-
09-13-2018, 01:34 PM #2
- Join Date
- Jul 2015
- Posts
- 120
Try Second Chance Funding, they fund defaults @ 1.499 over 30 to 40 days
Try your luck make a buckBrent Goggins
Business Credit Consultants
ISO Relations Manager
Direct: 518-776-7501
Email: BrentG@bccusa.com
-
09-13-2018, 02:32 PM #3
- Join Date
- Oct 2014
- Posts
- 60
if he is paying advances currently it might be something we can work around, give me a call to discuss
Daniel Lenefsky
Senior Finance Executive/VP ISO relations
P:646-774-3301
F: 646-398-5656
daniel@yellowstonecapllc.com
-
09-13-2018, 04:10 PM #4
as long as it is not within the last 30 days and i would need proof that he is making payments. would need to review revenue as well to make sure the DTI is acceptable.
but i dont know about 60 days on a default
Similar Threads
-
will a lender fund again if they funded 30 days ago
By sequoiacapllcleo in forum Merchant Cash AdvanceReplies: 0Last Post: 06-26-2018, 03:43 PM -
Construction Co. w/ $38K Avg. & 5 Neg days/mo; Seeking $15K
By Fundyman in forum Deal BinReplies: 5Last Post: 11-21-2017, 11:54 AM -
Seeking 1st position with 9 negative days average 500 Fico Restaurant
By Maverick merchant in forum Deal BinReplies: 5Last Post: 01-22-2017, 11:47 PM -
Seeking 1st position, 10 negative avg days 500 Fico Restaurant $80K monthly deposit
By Maverick merchant in forum Deal BinReplies: 5Last Post: 01-17-2017, 10:56 AM -
Seeking 1st Position Con. a 1st/2nd or 3rd Position Deal..100K GD 15K ADL 2 NEG Days
By FunderGal in forum Deal BinReplies: 5Last Post: 12-18-2015, 08:27 PM