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  1. #1

    Stopped Payments

    Hi,

    Which funder/s will consider a merchant who asked the current funder to stop payments for a few days until deposits clear?

    Thank you,
    Michael Sla*****er
    msla*****er@sla*****er.com

  2. #2
    Senior Member Reputation points: 50201
    Join Date
    Jan 2018
    Posts
    353

    Quote Originally Posted by Michael Sla*****er View Post
    Hi,

    Which funder/s will consider a merchant who asked the current funder to stop payments for a few days until deposits clear?

    Thank you,
    Michael Sla*****er
    msla*****er@sla*****er.com
    "pause Payments" sounds better

  3. #3
    Senior Member Reputation points: 3229
    Join Date
    Jul 2017
    Posts
    105

    I'll entertain it if payments are back on.
    Direct Funder | MCA | Public Companies | Convertible Notes | Hard Money
    D. 516-667-6817
    paul@coolidgecapital.com

  4. #4
    Banned Reputation points: 179851
    Join Date
    Jun 2017
    Posts
    2,051

    Did they make up the missed payments? That tends to factor in alot.

    Say they stopped for a few days but then doubled up a few days - thats alot easier to sell

  5. #5
    I can take a look as long as the merchant made up the payments and is in good standing with the current loan.
    Adam Ward
    911 Ave U
    Brooklyn NY 11235
    adam@Funding-Zone
    347-269-1598

  6. #6
    Senior Member Reputation points: 5016 @jeannette's Avatar
    Join Date
    Dec 2012
    Location
    Buford, GA
    Posts
    280

    If they are B2B we can look at them for AR Finance. We can work with paying off their current MCA debt. At times we will offer an OverAdvance to a client to help with current balances.
    Jeannette Nearing | Business Development Officer| AmeriFactors
    | M (770) 362-2307
    jnearing@amerifactors.com |

    http://www.amerifactors.com
    https://www.linkedin.com/in/jeannettenearing

  7. #7
    Quote Originally Posted by ryan $ View Post
    Did they make up the missed payments? That tends to factor in alot.

    Say they stopped for a few days but then doubled up a few days - thats alot easier to sell
    The funder did not double up when they started to debit payments again. According to the merchant he is good standing with the funder.

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