Does anyone fund settled defaults?
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  1. #1
    Senior Member Reputation points: 16117 capaxess's Avatar
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    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?

  2. #2
    Senior Member Reputation points: 15507
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    Quote Originally Posted by capaxess View Post
    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?
    PM me. We can get it done.
    High risk paper

  3. #3
    Senior Member Reputation points: 16117 capaxess's Avatar
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    sent u a pm

  4. #4
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    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

  5. #5
    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

  6. #6
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    if there was a quick satisfaction and mca history since then ill take a look

    irving@ufsfunding.com
    Irving Winograd
    Unique Funding Solutions
    646-460-3139

  7. #7
    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

  8. #8
    Senior Member Reputation points: 6957 ESE5020's Avatar
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    We will consider this
    East Shore Equities, LLC
    Tel: (516) 784-4298 | Fax: (516) 231-5590
    www.EastShoreEquities.com

  9. #9
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    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

  10. #10
    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

  11. #11
    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.

  12. #12
    (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

  13. #13
    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.

  14. #14
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    With a ZBL, We can deff look at it.

    Eli@APPFUNDING.COM

  15. #15
    Quote Originally Posted by capaxess View Post
    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?
    bill@kingsfunding i will fund gladly

  16. #16
    Senior Member Reputation points: 6957 ESE5020's Avatar
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    we fund previous defaults, if judgement is satisfied, we will be much more aggressive
    East Shore Equities, LLC
    Tel: (516) 784-4298 | Fax: (516) 231-5590
    www.EastShoreEquities.com

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