Results 1 to 7 of 7
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11-21-2018, 01:24 PM #1
- Join Date
- May 2018
- Posts
- 199
1st pos buyout bfs 150k contractor Cali
I have a merchant Ive funded with lendistry and bfs following who does about 200k a month clean credit also. He was funded 50k by bfs over a year with a 30k balance remaining and would like 100k+ over 15 months. It being cali and contracting its been rough the best I can seem to get is 12 and a half months from 1st merchant. Any advice on placement?? PS Im a new Iso been in business about 3 weeks but have 2 years in the industry
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11-21-2018, 01:40 PM #2
- Join Date
- Oct 2016
- Posts
- 4,318
That 1st Merchant offer is solid.
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11-21-2018, 01:42 PM #3
- Join Date
- Feb 2017
- Posts
- 3,455
To get quality Cali, you're going to need a California broker's license to submit or a partner who has one. Quarterspot, OnDeck, IOU, Snap, GRP, LoanMe, all will go out on clean files.
Get the client a LOC with Bluevine. May not get larger amount he's looking for up front, but it's a good option. If you need a Bluevine partner, they require 1 year TIB to on-board. I can help if you'd like.
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11-21-2018, 01:46 PM #4
You can try Rapid and/or Principis, with construction could be hard but they could get you the term you need. With Construction getting out past a year is asking a lot, West Coast is right the 1st Merchant offer is solid
John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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11-21-2018, 01:51 PM #5
- Join Date
- Nov 2018
- Location
- San Diego, CA
- Posts
- 75
I can probably get him 15 months with Credibly. Let me know if you would like to partner on this one.
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11-21-2018, 02:53 PM #6
- Join Date
- May 2018
- Posts
- 199
Thank you guys I do agree the 1st merchant offer is solid. They even gave it at a 1.23 buy. Huy just wants apples to apples or as close on payments for the 100k vs the 50. Rapid Principis and credibly are all solid bets and I havent tried yet so thank you guys. Also Micah if you could help me get onboarded with bluevine that would be fantastic if it doesnt take too much away from you. I've funded biz with them in the past at my previous company I worked for but I guess because of my TIB they only want me for the referral program which is bs lol
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11-21-2018, 02:58 PM #7
- Join Date
- Feb 2017
- Posts
- 3,455
Bluevine won't on-board (internal rules) until your TIB is 1 year.
I have a friend who recently tried.
If you want, you can go through me and I'll make sure to keep you paid on residuals. Send me an email, we'll discuss.
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