Results 1 to 10 of 10
-
10-17-2019, 02:11 PM #1
- Join Date
- Jun 2019
- Posts
- 14
Criminal background Deal
Looking to fund a merchant that criminal history who out there will work with it?
-
10-17-2019, 02:22 PM #2
- Join Date
- Aug 2017
- Location
- NYC/Miami
- Posts
- 112
How criminal? what pos?
Eli S.
FOx Business Funding
Iso manager
347. 562. 8796
elis@foxbusinessfunding.com
-
10-17-2019, 03:16 PM #3
-
10-17-2019, 03:18 PM #4
- Join Date
- Jun 2017
- Posts
- 2,049
If its any Fraud/Financial Crime - Throw it away.
But I've Funded Murderers and Rapists (Date Rapist when they were younger, so he says) - and My old shop they funded a convicted pedophile (I WAS SHOCKED) which IMO is worse. WAY WORSE..... Than writing a bad check ONCE - Underwriters are lopsided as **** sometimes
-
10-17-2019, 03:20 PM #5
- Join Date
- Apr 2019
- Posts
- 318
inb4 mantis would fund.
-
10-18-2019, 07:25 PM #6
- Join Date
- Jan 2019
- Posts
- 25
CAN Capital doesn't do background checks. I know this for a fact as I had a similar situation with a dentist that was declined by everyone else I submitted his application to.
-
10-19-2019, 10:50 AM #7
- Join Date
- Mar 2017
- Posts
- 6
Brokered a deal years ago- merchant served 18 months in prison, multiple news stories, that whole thing.. for check & bank fraud and identity theft ... Prior BFS defualt to top it off!
Actually Got the guy $75k and then renewed ... I forget who funded it but not all lenders do background checks. (and apparently UW misses things) Deals will slip through the cracks from time to time
-
10-19-2019, 03:58 PM #8
Let us all remember your name, someone that pushes bad merchants for funding. "Complicity is the act of helping or encouraging another individual to commit a crime. It is also commonly referred to as aiding and abetting. One who is complicit is said to be an accomplice. But, even though an accomplice does not actually commit the crime, his or her actions helped someone in the commission of the crime."
So if that merchant every defaulted again you are an aid to that!
-
10-21-2019, 10:17 AM #9
- Join Date
- Jun 2014
- Posts
- 541
Agreed, Underwriters are going look at the type of offense. Also, how long ago the offense occurred.
Cooper and many other high risk funders are going to look past drug and other offenses that occurred years ago when the merchant was basically a kid.
Robert S Bloink
EVP of ISO Partnerships
Direct: 248-341-9477
Email: bb@cooperasset.com
Web: www.cooperasset.com
-
10-22-2019, 12:33 PM #10
- Join Date
- Jan 2015
- Location
- Laguna Beach
- Posts
- 464
Similar Threads
-
10M+ but has criminal background
By brokerCompany in forum Deal BinReplies: 5Last Post: 08-20-2021, 08:37 AM -
Criminal Record
By Michael Slabitcher in forum Merchant Cash AdvanceReplies: 18Last Post: 02-26-2019, 09:05 AM -
who can fund a merchant with criminal background?
By Premierecapfunding in forum Deal BinReplies: 14Last Post: 03-06-2018, 02:19 PM -
Who funds merchant with criminal background?
By omegafund in forum Merchant Cash AdvanceReplies: 8Last Post: 10-31-2014, 02:53 PM