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  1. #1
    Senior Member Reputation points: 47246
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    Who is funding defaulted merchants?

    I know, i am embarrassed to even ask. Long time merchant of mine says he has other offers. I called BS on him but want to make sure i have not left any stone unturned.

    There is no payoff letter or payment plan, he is 100% in default.
    I put my contact info in here, and
    was bombarded with spam from funders
    if you need to reach me PM me

  2. #2
    Senior Member Reputation points: 8312
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    I got someone who does defaults. PM'ed you.
    Funded

  3. #3
    Senior Member Reputation points: 47246
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    So this merchant had two advances, balances were close to $25k, and he was doing around $30k a month in gross.
    I tried loan me but they declined at the last minute, because he had been funded less than 90 days ago from another MCA company.

    Tried mantis, he had defaulted with them. Yellowstone declined.

    So i gave up.

    I called the guy today, he got funded by a company called Wise Funding. Never heard of them. Seems that there is always someone willing to fund, no matter how bad the file. is.
    Anyone ever done business with them?
    I put my contact info in here, and
    was bombarded with spam from funders
    if you need to reach me PM me

  4. #4
    Senior Member Reputation points: 484103
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    Oct 2016
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    4,261

    Quote Originally Posted by skideeppow View Post
    So this merchant had two advances, balances were close to $25k, and he was doing around $30k a month in gross.
    I tried loan me but they declined at the last minute, because he had been funded less than 90 days ago from another MCA company.

    Tried mantis, he had defaulted with them. Yellowstone declined.

    So i gave up.

    I called the guy today, he got funded by a company called Wise Funding. Never heard of them. Seems that there is always someone willing to fund, no matter how bad the file. is.
    Anyone ever done business with them?
    They’re the other half of Legend funding. Legend does 1st positions, wise does the high risk/stacks.

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