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  1. #1
    Senior Member Reputation points: 6639 gaxisa's Avatar
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    "Default" Merchant with 3 Positions

    Got a merchant who had a judgment filed against him from an MCA company in June of this year. However, he's taken an advance almost every month after this COJ was filed and wants to get a fourth. Of course the problem I keep running into is this judgement, but if 3 lenders overlooked this, there's gotta be a 4th right?
    Gary Axisa
    Blue Streak Capital, Inc.
    PM me for my email

  2. #2
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    who does he have the first 3 with?

  3. #3
    If it's the gift merchant from Cali, then no you won't and he is facing another default right now.

  4. #4
    Senior Member Reputation points: 6639 gaxisa's Avatar
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    Quote Originally Posted by FunderFL View Post
    If it's the gift merchant from Cali, then no you won't and he is facing another default right now.
    Nope, not him or her.
    Gary Axisa
    Blue Streak Capital, Inc.
    PM me for my email

  5. #5
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    Quote Originally Posted by gaxisa View Post
    Nope, not him or her.
    Second Chance Funding (solomon@secondchancefunding.com)

  6. #6
    we have a default program in house ( that's beside the regular C-D paper prog.) but the default has to be satisfied/ZBL or a really good reason for the default, but I understand from your writing that the merchant didn't resolve it.

    All the best,

    Mike Lax
    ISO Relationship Manager

    AJ Equity Group
    Cell: 917 586 7270
    Office: 212-645-1835 X 303
    mike@ajequity.com

  7. #7
    Senior Member Reputation points: 6957 ESE5020's Avatar
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    Ill consider it but I will most likely go light on the offer, depending on the situation and other parameters
    East Shore Equities, LLC
    Submissions@EastShoreEquities.com
    Tel: 516-231-5595 | Fax: 516-231-5590
    www.EastShoreEquities.com

  8. #8
    Senior Member Reputation points: 6639 gaxisa's Avatar
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    You guys are all late, funded him two weeks ago.
    Gary Axisa
    Blue Streak Capital, Inc.
    PM me for my email

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