Any high risk 1st position lenders on here??

**dave11218** · 02-21-2019, 02:08 PM

I have a file but his credit score is around 640 to 680, if anyone on here are high risk 1st position please feel free to reach out.
Thank you.

**mcaguru** · 02-21-2019, 02:15 PM

Mantis ALL day ! we now offer AdobeSign so once you ask for contracts its clicks away by merchant and onto final funding's department desks!

**Kevin Henry-Seacoast** · 02-21-2019, 02:27 PM

Originally Posted by dave11218

I have a file but his credit score is around 640 to 680, if anyone on here are high risk 1st position please feel free to reach out.
Thank you.

Hi Dave,

It would be helpful to know a little more about the Prospect. What industry? What was revenue for last year?

We are Seacoast Business Funding, a division of Seacoast Bank. We offer flexible working capital solutions in the forms of factoring and asset based lines of credit. We are owned by a publicly traded bank, but that does not prevent our division from financing a challenged owner credit, challenged company, or company in transition.

-Company type-B2B Company selling products or services to large corporate customers or government entities.
-Industries: We are generalists, but avoid construction, cannabis, and healthcare services.
-Location:Anywhere in the US
-Revenues: $2,500,000 to well over $300,000,000
-Facility need: $500,000 to well over $25,000,000 We don't mind financing the smaller companies so long as there is potential for us to deploy a large amount of capital over time. We prefer the larger deals....

We listen first and move very fast. I have closed very complex transactions in less than 10 days.

Best,

Kevin

**abfunders** · 02-21-2019, 02:32 PM

Why is this high risk?
650-ish is considered A-paper in this industry.

**SharmyllaSiew** · 02-21-2019, 02:45 PM

What makes this file high risk ? What is the industry ? send it over to me well take a look !

**ESE5020** · 02-21-2019, 02:46 PM

We will consider High Risk 1st position, depending on why you think it is high risk

**dave11218** · 02-21-2019, 03:01 PM

Agreed! But everyone i'm sending it to are coming back with high buy rates for some reason.

**dave11218** · 02-21-2019, 03:02 PM

Industry type, Jewelry store.

**dave11218** · 02-21-2019, 03:03 PM

Originally Posted by mcaguru

Mantis ALL day ! we now offer AdobeSign so once you ask for contracts its clicks away by merchant and onto final funding's department desks!

Mantis no thank you!

**mcaguru** · 02-21-2019, 03:05 PM

interesting zipcode 11218

**ryan $** · 02-21-2019, 03:10 PM

Originally Posted by dave11218

Agreed! But everyone i'm sending it to are coming back with high buy rates for some reason.

Your complaining about high buy rates, then in the same breath asking for a high risk lender.

There is many things wrong with this scenario but the main overlying problem I have is its almost an oxymoron, your contradicting yourself. High Buy Rates and High Risk go hand in hand. "I have a high risk file" can i get a paper pricing? Is asinine.

**harvey** · 02-21-2019, 03:21 PM

Get a blues clue

**morgan.quinn** · 02-21-2019, 04:19 PM

SRS doesn't fund jewelry stores, but we're willing to go as low as 1.33 on buy-rates on some deals- The upsell is up to you. It gives you a bit of flexibility when negotiating with your merchant-- especially the difficult ones. Hopefully you'll think of us on your next one!

**Yankeeman07** · 02-21-2019, 04:23 PM

Originally Posted by dave11218

I have a file but his credit score is around 640 to 680, if anyone on here are high risk 1st position please feel free to reach out.
Thank you.

Credit Card Split / Lock Box may be an answer.
Call me

**mlkeshin** · 02-21-2019, 08:17 PM

Dave,

Are you on with EBF, we will certainly take a look here and see what we can do? Or at the very least let you know what we are seeing. The rates you are seeing could be that it is not the best SIC code on performance historically. Feel free to reach out to me to review if you would like.

Have a nice evening.

**mcaguru** · 02-21-2019, 09:29 PM

Much more stay tuned !

**LondonNyc** · 02-27-2019, 02:46 PM

Originally Posted by dave11218

I have a file but his credit score is around 640 to 680, if anyone on here are high risk 1st position please feel free to reach out.
Thank you.

We can look at the file. Direct Lender
eli@appfunding.com
929 367 1042

**Davincinc** · 02-27-2019, 04:02 PM

Originally Posted by dave11218

I have a file but his credit score is around 640 to 680, if anyone on here are high risk 1st position please feel free to reach out.
Thank you.

how is 640 high risk?

**Davincinc** · 02-27-2019, 04:03 PM

Originally Posted by morgan.quinn

SRS doesn't fund jewelry stores, but we're willing to go as low as 1.33 on buy-rates on some deals- The upsell is up to you. It gives you a bit of flexibility when negotiating with your merchant-- especially the difficult ones. Hopefully you'll think of us on your next one!

1.59 sell rate an option?

**DannyFoxCap** · 03-06-2019, 04:36 PM

We specialize in 2nd, 3rd, and high risk 1st positions. Give me a call/email

Main: 212-971-9244
Direct: 347-468-7528
Fax: 866-557-0455
Email: Danny@foxbusinessfunding.com

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