Results 1 to 16 of 16
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12-24-2018, 08:36 AM #1
Does anyone fund settled defaults?
I Have a merchant who is a default but is showing me settlement and zero balance letters from the lender he defaulted on.
The file looks good: $150K monthly, no negative days, no NSF.
Is there anyone who would make an offer?
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12-24-2018, 08:43 AM #2
- Join Date
- Dec 2016
- Location
- Brooklyn N.Y.
- Posts
- 428
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12-24-2018, 09:36 AM #3
sent u a pm
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12-24-2018, 10:01 AM #4
- Join Date
- Jul 2015
- Location
- Tampa Florida
- Posts
- 502
We have funded several, has to be a credit card split.
Jason H l Sales & Business Development
Quikstone Capital Solutions l Tampa FL
Direct Line & Mobile 813-371-8233 l Fax 813-371-8233 l Text 727-492-8812
Jason.Hausle@quikstonecapital.com
www.quikstonecapital.com
Direct Lender Since 2005
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12-24-2018, 10:10 AM #5
- Join Date
- Jun 2014
- Posts
- 541
Cooper will fund if they settled the past default-
Robert S Bloink
EVP of ISO Partnerships
Direct: 248-341-9477
Email: bb@cooperasset.com
Web: www.cooperasset.com
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12-24-2018, 11:42 AM #6
- Join Date
- Sep 2016
- Posts
- 169
if there was a quick satisfaction and mca history since then ill take a look
irving@ufsfunding.comIrving Winograd
Unique Funding Solutions
646-460-3139
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12-26-2018, 03:19 PM #7
- Join Date
- Mar 2017
- Posts
- 37
If they are B2B we can factor them.
Kevin Sampson
Capital Solutions Bancorp
http://capitalsolutionsbancorp.com
ksampson@capitalsolutionsbancorp.com
706-745-8435 Office
561-436-5883 Cell
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12-26-2018, 04:25 PM #8
We will consider this
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12-26-2018, 05:57 PM #9
- Join Date
- Dec 2013
- Posts
- 4,713
Occasionally when it's broken down to us on the "exact cause for the default" and it makes "clear sense" and 100% verifiable (key word) we have made exceptions and funded.
Last edited by mcaguru; 12-26-2018 at 05:59 PM.
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
覧覧覧覧覧覧覧覧覧覧覧覧覧
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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12-27-2018, 11:00 AM #10
- Join Date
- Aug 2018
- Posts
- 20
We have a default program and this might qualify for it, that's beside our regular C-D MCA paper business.
give us a try.
Michael Lax
Senior sales consultant
AJ Equity Corp.
212 645 1835 X303
917 586 7270
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12-27-2018, 01:41 PM #11
- Join Date
- Oct 2015
- Posts
- 66
It's interesting why merchants get into these positions to begin with. In our experience, these merchants are working for their companies instead of on their companies, which can lead to weaker positioning to borrower properly when needed. It all starts when they borrowed an expensive product as a means to fulfill a need quickly as there only solution. They're using the wrong products as tools to finance their companies and sometimes as the only tool find themselves over-leverged, modified & in default.
We have a direct fund that will allow bridge capital to be deployed right away when a more conventional solution can be found through the study of some business data behind the bridge. This money does apply to any situation, especially good business that've made bad decisions.
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12-27-2018, 02:28 PM #12
- Join Date
- Aug 2018
- Posts
- 20
(TMR) I'ts probably true, I think the best idea for a merchant in need is to find a honest financial adviser, its worth the money if he finds the right guy so the guide them thru his crisis times and than eventually gets out of this to a conventional business loan or any decent type of SBA.
as some guys PM'd me for my email address, here it is
mike@ajequity.com
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12-27-2018, 02:42 PM #13
- Join Date
- Oct 2015
- Posts
- 66
Mike,
Agreed..... People who understand how businesses work and how lenders think are going to serve a companies capital requirements as if it was their own money they were borrowing.
To expend on ''crisis" times; though those are ones we can bring our experience and expertise into, sometimes ISO's receive ''A'' paper offers , meanwhile their ''A" paper client would have never accepted it, unless there was a form of conventional debt coming in later, thus allowing the "A" paper offer to be used as it was created to be used, ( in some cases) a tool of bridge financing.
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01-02-2019, 11:44 AM #14
- Join Date
- Aug 2017
- Location
- NYC/Miami
- Posts
- 112
With a ZBL, We can deff look at it.
Eli@APPFUNDING.COM
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01-02-2019, 12:28 PM #15
- Join Date
- Dec 2018
- Posts
- 1
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01-02-2019, 02:55 PM #16
we fund previous defaults, if judgement is satisfied, we will be much more aggressive
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