$80K 1st Position Needed
Need a Funder or Vendor? START HERE

Results 1 to 5 of 5
  1. #1
    Senior Member Reputation points: 4567 NickHubbard's Avatar
    Join Date
    Jun 2015
    Location
    Saint Louis, Mo
    Posts
    334

    Question $80K 1st Position Needed

    I got a retail furniture company.
    Been in business 15yrs.
    750 credit score.
    $350K-$450K a month in revenue.

    Looking for $80K 1st position.

    The borrower wanted soft terms before running his credit, so I sent the file to Elevate since they don't do credit checks. And they came back saying he had 2 judgements from 2017. I let the borrower know this and he sent me zero balance letters from 2017. I was wondering if anyone would have interest in this file?
    Last edited by NickHubbard; 05-20-2019 at 10:18 AM.
    Nick Hubbard
    Senior Loan Advisor
    314-252-0299 - Office
    314-885-2262 - Direct
    nick@elitefactoring.com
    www.elitefactoring.com

  2. #2
    Senior Member Reputation points: 70961
    Join Date
    Jul 2017
    Posts
    548

    Most people won't touch it aside from high risk lenders. Since everything is paid off, Last Chance Funding will do it. But it won't be first position terms. 1.40 buy rate over a few months. Andy from LCF is on here.

  3. #3
    Senior Member Reputation points: 39331
    Join Date
    Aug 2018
    Posts
    796

    Quote Originally Posted by NickHubbard View Post
    I got a retail furniture company.
    Been in business 15yrs.
    750 credit score.
    $350K-$450K a month in revenue.

    Looking for $80K 1st position.

    The borrower wanted soft terms before running his credit, so I sent the file to Elevate since they don't do credit checks. And they came back saying he had 2 judgements from 2017. I let the borrower know this and he sent me zero balance letters from 2017. I was wondering if anyone would have interest in this file?
    Nick, i can help here. If its from 2017 i can get you 1st pos terms. Pm me.

  4. #4
    Senior Member Reputation points: 12169
    Join Date
    Jul 2015
    Posts
    168

    Hi Nick,

    What were the judgments in 2017? MCA related debt or something with a vendor, or totally different?

  5. #5
    Senior Member Reputation points: 6957 ESE5020's Avatar
    Join Date
    Oct 2017
    Posts
    336

    If the ZBLs on the judgements can be verified, we can offer something, I dont know about 80k 1st position on a previous default. The only way i would have a chance to get there is if he has CC processing and Banks at a National Bank.
    East Shore Equities, LLC
    Tel: (516) 784-4298 | Fax: (516) 231-5590
    www.EastShoreEquities.com

Similar Threads

  1. Mca lender needed 1st position unique deal!
    By Dean Yadid in forum Deal Bin
    Replies: 1
    Last Post: 12-01-2018, 01:29 PM
  2. 2ND POSITION NEEDED IMMEDIATELY : ( 720 Credit Score )
    By DOLLAR2DOLLAR in forum Merchant Cash Advance
    Replies: 17
    Last Post: 10-18-2017, 07:25 AM
  3. 2nd position needed asap
    By AMERICApital1 in forum Merchant Cash Advance
    Replies: 7
    Last Post: 09-27-2017, 02:30 PM
  4. Replies: 13
    Last Post: 06-16-2017, 02:28 PM
  5. Agressive 2nd Position Needed
    By TB-Commercial in forum Deal Bin
    Replies: 5
    Last Post: 12-05-2016, 05:43 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Lendistry welcomes new CFO
LegalZoom partners w/ businessloans.com
iBusiness Funding acquires Funding Circle


DIRECTORY