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  1. #1
    Senior Member Reputation points: 27404
    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.

  2. #2
    Senior Member Reputation points: 3393
    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 buck
    Brent Goggins
    Business Credit Consultants
    ISO Relations Manager
    Direct: 518-776-7501
    Email: BrentG@bccusa.com

  3. #3
    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

  4. #4
    Senior Member Reputation points: 6957 ESE5020's Avatar
    Join Date
    Oct 2017
    Posts
    331

    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
    East Shore Equities, LLC
    Submissions@EastShoreEquities.com
    Tel: 516-231-5595 | Fax: 516-231-5590
    www.EastShoreEquities.com

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