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10-10-2018, 12:56 PM #1Member
Reputation points: 96
- Join Date
- Oct 2016
- Posts
- 25
New Entity and industry but old Entity had a default Any Lenders?
Have a merchant who had a construction business - Defauted on two advances closed the business and now started a new business - Trucking and is averaging about 60k/month.
Will anyone fund this? New entity, new industry.
Please advise and thank you
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10-10-2018, 01:26 PM #2Senior Member
Reputation points: 71352
- Join Date
- Mar 2016
- Posts
- 908
Move on...
Thank you,
Lior Monus
Business Development Manager
CFG Merchant Solutions
Direct: (646) 880-6764
Cell: (516) 319-5826
Fax: (646) 278-7322
Lmonus@cfgms.com
180 Maiden Lane New York, NY 10038
www.cfgmerchantsolutions.com
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10-10-2018, 05:03 PM #3Member
Reputation points: 57
- Join Date
- Jan 2017
- Posts
- 26
Try last chance funding only if the merchant has proof that he has paid the defaults even if he opened a new entity. You always want to make sure the file is clean and even help the merchant by educating him if the balance is low to pay it off as that will help him prosper to better opportunities.
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