Results 1 to 5 of 5
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05-20-2019, 09:13 AM #1
$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
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05-20-2019, 10:17 AM #2
- 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.
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05-22-2019, 03:06 AM #3
- Join Date
- Aug 2018
- Posts
- 843
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05-22-2019, 08:57 AM #4
- 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?
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05-22-2019, 09:22 AM #5
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.
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