Results 1 to 12 of 12
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01-03-2019, 05:15 PM #1
- Join Date
- Apr 2014
- Location
- Chicago, IL
- Posts
- 185
Low Volume / Low Credit
Hey guys:
This area is a missing link in my lending portfolio. Anyone you guys know that likes these types of deals or should I just throw them away? By low volume I don't mean deposit volume, I mean sub $10K monthly revenues with sub 600 scores.
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01-03-2019, 05:19 PM #2
- Join Date
- May 2018
- Posts
- 130
Vader does that but they usually give 1.4 buy rates with 10 point upsell
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01-03-2019, 05:42 PM #3
Vader is the spot for these deals
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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01-03-2019, 06:03 PM #4
- Join Date
- Nov 2018
- Location
- San Diego, CA
- Posts
- 75
LoanMe (if LoanMe state and decent average daily balances) or Vader
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01-03-2019, 06:05 PM #5
- Join Date
- Mar 2016
- Posts
- 908
50% of our pipeline consists of deals ranging from 5-15k - I Myself do At least 30-40 deals per month which are less than 10k. As long as the deals aren't negative everyday, we can fund most of them.
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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01-03-2019, 06:24 PM #6
if the merchant is doing at least $5K per month, you can also give Merchant Cash Group (MCG) a try......or FORWARD....or LAST CHANCE
Those are good spots for the small deals
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01-04-2019, 10:53 AM #7
- Join Date
- Dec 2013
- Posts
- 4,713
Mantis FUNDS Hundreds of Micro-Files Per Month.
FYI:
DEC JOBS: +312K
RECORD 156,945,000 WORKING
HISPANIC UNEMPLOYMENT LOWEST EVERLast edited by mcaguru; 01-04-2019 at 10:56 AM.
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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01-04-2019, 11:18 AM #8
Marcus, those numbers will put pressure on wages (NYC already mandated $15/hr). This will either lead to cut in hours, or layoffs. OR....will give the Fed more reason to raise rates (which would hurt our business too)
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01-04-2019, 11:35 AM #9
- Join Date
- Jun 2015
- Posts
- 754
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01-04-2019, 11:52 AM #10
- Join Date
- Dec 2013
- Posts
- 4,713
I am not sure it will hurt just yet.. i think economy in regards to our industry is like a rubber-band when things are not good it stretches (good for our business) but then like every good rubber-band at some point it Snaps (and it did just that in the mid 2000's when First Funds & Merit were very exposed (especially in the restaurant segment) and when people stopped spending (eating out) it had ripple effect to their portfolios. I have no idea if the long term funders can handle a repeat slowdown/recession.
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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01-05-2019, 02:25 PM #11
- Join Date
- Dec 2015
- Location
- Texas
- Posts
- 552
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01-10-2019, 01:13 PM #12
- Join Date
- Aug 2018
- Posts
- 36
LoanMe bases their decision on affordability; we are less concerned with revenue and focused in on the client's average daily bank balance over the past 90 days. Our minimum FICO requirement is 500.
Please feel free to give me a call for more details (949) 535-7384.Pooja Nene
LoanMe, Inc
949-535-7384
Email: Pooja.Nene@LoanMe.com
1900 S State College Blvd. Suite 300
Anaheim, CA 92806
Website: www.loanme.com
SBL Information: www.loanme.com/SBL-partner
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