Results 1 to 10 of 10
Hybrid View
-
01-23-2019, 02:56 PM #1
- Join Date
- Nov 2018
- Posts
- 6
Reverse Consolidation with poor personal credit
I am looking for a Reverse consolidation lender that will finance a merchant with about 60k in outstanding debt and poor personal credit. The couple that I have tried declined him because of his personal credit. Please advise.
Danielle
-
01-23-2019, 03:10 PM #2
- Join Date
- Oct 2015
- Posts
- 66
One of our partner groups are ISO's. Where we've been of most service to them as of late is the ;
over-leveraged, defaulted(past or present) modified payment deals. Especially when their lending partners come back with declines.
We look over some basic business data ( don't worry about personal credit ) and if a long term solution can be provided we'll either put out on our balance sheet purchase of future receivables, bridge capital that is required now by the merchant or work with a partner lender while we await the long term close, irregardless of their situation. By the way, your earning twice here and doing what's best for the business, win-win!!
Why does a long term solution still work in the case of poor credit ? Assets, earnings, debt service coverage. We discover on a lot of these deals plenty of opportunity for our lenders outside of the MCA markets simple because the underwrite is much different.
If you'd like assistance please reach out , happy to help.
We are not a ''lender'' as the bridge pieces will be a purchase of future receivables.
Our development team is currently updating our website to reflect this.
Greg Derwin
732 682 6333
gderwin@fundsolidation.com
www.fundsolidation.comLast edited by TMR; 01-23-2019 at 03:34 PM. Reason: lender ; future receivables
-
01-23-2019, 03:13 PM #3
- Join Date
- Oct 2016
- Posts
- 4,318
-
01-23-2019, 03:54 PM #4
- Join Date
- Jan 2019
- Posts
- 4
We are an ISO and a direct funder. It depends on his revenue, is he overleveraged? We are not credit sensitive as long as he has good payment history. How many positions do they have? Please send it over we approve most applications.
Madeline@vitalfundingsolutions.com
www.vitalfundingsolutions.com
Vital Funding Solutions Inc
888-596-3682
-
01-23-2019, 04:08 PM #5
- Join Date
- Oct 2016
- Posts
- 4,318
-
01-23-2019, 05:03 PM #6
- Join Date
- Jan 2019
- Posts
- 4
Hey west coast go generalize someone else's post
-
03-08-2019, 01:16 PM #7
- Join Date
- Apr 2018
- Location
- 31-10 37th Ave., Suite 202 Long Island
- Posts
- 39
We can take a look, please advise on the exact credit beforehand.
Mj@24capital.com
203-898-5115
-
03-08-2019, 01:32 PM #8
- Join Date
- Jun 2017
- Posts
- 2,049
-
03-08-2019, 02:55 PM #9
- Join Date
- Jan 2019
- Posts
- 28
Roc, send the Reverse underwriting@rocfundinggroup.com Quick response!!!!!!!!
Similar Threads
-
Reverse consolidation Lenders?
By 1Loanguy in forum All Other LendingReplies: 4Last Post: 06-18-2019, 11:26 AM -
Reverse Consolidation
By R_Trains Delayed in forum Merchant Cash AdvanceReplies: 37Last Post: 05-20-2019, 10:20 AM -
Seeking Reverse Consolidation
By CashAdvanceKing in forum Deal BinReplies: 9Last Post: 02-05-2019, 10:00 AM -
Reverse Consolidation
By FunderGal in forum Deal BinReplies: 12Last Post: 11-15-2017, 03:55 PM -
Re: Poor Credit Funders
By Phoenix in forum Deal BinReplies: 4Last Post: 04-10-2017, 11:06 PM