[Red]

Client owns a mechanic shop doing 80k monthly, keeps pretty good daily balances but has sub 500 credit.

Only got an approval for 5k so far due to credit

any lenders that will work with sub 500?

[abfunders]

..

[Red]

..

No I am not familiar with them. do you have a contact or website for them I am seeing a few different ones when I search for it

[rdgllc]

Client owns a mechanic shop doing 80k monthly, keeps pretty good daily balances but has sub 500 credit.

Only got an approval for 5k so far due to credit

any lenders that will work with sub 500?

Merchant Cash Group doesn’t require a credit pull for deals under 20k. Try them if your client will take 20k or less.

[jdlaw]

You can try Elevate as well. No credit pulls

[BB_Cooper]

Plenty of the sponsor/funders on this board will fund below a 500 FICO, including COOPER. Send it along-

Robert S Bloink
EVP of ISO Partnerships
Direct: 248-341-9477
Email: bb@cooperasset.com
Web: www.cooperasset.com

[Yankeeman07]

Client owns a mechanic shop doing 80k monthly, keeps pretty good daily balances but has sub 500 credit.

Only got an approval for 5k so far due to credit

any lenders that will work with sub 500?

Consider a credit card split / lock box.

[Chambo]

Client owns a mechanic shop doing 80k monthly, keeps pretty good daily balances but has sub 500 credit.

Only got an approval for 5k so far due to credit

any lenders that will work with sub 500?

The credit is below 500 for a reason. what is that reason? If all of their trade lines are delinquent, what makes you think they will stay current with an advance company?

[Andrew Roberts]

Thanks rdg. If this is a first position we should be able make an offer. Credit is not an issue.

[Finance Guru]

Have you signed up with us yet and let us give you an approval on this deal?

[mcaguru]

We may be the LARGEST FUNDER approving the SUB 500 files (fund dozen or so per day!!) { THE END}

[fundingsmbs]

question, if your the largest funder of sub 500 files, how are your loss rates and collections? To get to that level, you have had to stop paying on all your trades and I cant imagine a high rate mca being on their mind to payback when times get rough again. are your collection methods , let's say, different than most?

[AdvanceFund]

Client owns a mechanic shop doing 80k monthly, keeps pretty good daily balances but has sub 500 credit.

Only got an approval for 5k so far due to credit

any lenders that will work with sub 500?

With limited knowledge I can do 20k or so on a file like this. Perhaps double that if the revenue is consistent and the daily balances above 10k per day.

[mcaguru]

question, if your the largest funder of sub 500 files, how are your loss rates and collections? To get to that level, you have had to stop paying on all your trades and I cant imagine a high rate mca being on their mind to payback when times get rough again. are your collection methods , let's say, different than most?

I don't handle the collections side ...I handle business development side of the business Thank GOD.... i am a giver by nature ...no one wants me collecting !

[LondonNyc]

We deff do! Email eli@appfunidng.com

High risk, Direct funder.

[ESE5020]

We will take sub 500 credit scores, and previous defaults as long as they are not within the last 30 days