Results 1 to 23 of 23
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11-14-2019, 10:42 AM #1
Boersen Farms
Just got this file in, and pulled credit the guy must have a record he defaulted on about 15 cash advance companies totaling about: $2,482,494.00. Anyone had this guy before?
https://www.hollandsentinel.com/news...uit-in-2-yearsFUND3R1
"Everyday is a bank account, and time is our currency. No one is rich, no one is poor, we've got 24 hours each. --Christopher Rice"
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11-14-2019, 11:14 AM #2
- Join Date
- Sep 2019
- Posts
- 120
lol i funded him 1 year ago stay far away
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11-14-2019, 11:17 AM #3
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11-14-2019, 11:32 AM #4
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11-14-2019, 01:09 PM #5
- Join Date
- Feb 2016
- Posts
- 242
Didnt he defauly on BOFA too? for around 3mm?
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11-14-2019, 01:20 PM #6
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,485
There is a laundry list of judgments against this company and the owners personally.
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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11-14-2019, 01:31 PM #7
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11-14-2019, 02:02 PM #8
- Join Date
- Oct 2016
- Posts
- 4,318
Someone will fund him again under a defaulted-default default program.
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11-14-2019, 02:07 PM #9
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11-14-2019, 02:24 PM #10
- Join Date
- Jun 2015
- Posts
- 3,323
had him a bunch of years back with a large approval and my rep lost him as we only had 500k at the time .nice bullet we dodged, who gave him the million then?
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11-14-2019, 03:48 PM #11
- Join Date
- Jun 2017
- Posts
- 2,049
We did a deal one time that funded the last remaining blockbusters in the country. OBVIOUSLY DEFAULTED.
Then there was a Plastic Surgeon in Beverly Hills that got funded and drove his car over a cliff.
When dudes scam you it IRRITATES THE **** OUT OF YOU THOUGH.
Who had Big Staxxx????????? LOL
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11-14-2019, 03:55 PM #12
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,485
I did a deal for a staffing company. They were factoring with one of our competitors with rates in the 20's. They stacked 4 advances on the factor and were about to get in trouble with the IRS. We offer a factoring facility with a better advance rate, approved/unbilled time finance, cut his cost in more than half, and offered a term note to clean up the 4 advances.
They are still a client. Our facility vastly improved cash flow and profitability. They were able to quickly pay off our term note, added some new larger customers, and acquired a smaller competitor.Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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11-14-2019, 03:57 PM #13
Al I know is this guy defaulted on LCF for 38k.. they had balls to even put out that much money.. lol.. I asked him if he had any cash advances.. he said no.. he was accurate for saying no because he just stopped payment on all of them and defaulted, lmao.
FUND3R1
"Everyday is a bank account, and time is our currency. No one is rich, no one is poor, we've got 24 hours each. --Christopher Rice"
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11-14-2019, 04:05 PM #14
- Join Date
- Feb 2017
- Posts
- 3,429
What was the name of the contractor who had 13 positions? I know that he defaulted and ML Factors was in the deal at some point, that's all I remember. This was back in early 2017.
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11-14-2019, 04:17 PM #15
- Join Date
- Jun 2017
- Posts
- 2,049
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11-15-2019, 08:29 AM #16
- Join Date
- Oct 2013
- Posts
- 200
Stay far far far far far away
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11-15-2019, 08:30 AM #17
- Join Date
- Feb 2017
- Posts
- 3,429
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11-15-2019, 09:18 AM #18
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11-15-2019, 11:22 AM #19
- Join Date
- Jun 2015
- Posts
- 754
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11-15-2019, 12:09 PM #20
- Join Date
- Apr 2018
- Posts
- 178
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11-19-2019, 02:39 PM #21
- Join Date
- May 2019
- Posts
- 60
LCF funded him? When?
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11-19-2019, 02:44 PM #22
- Join Date
- Aug 2016
- Posts
- 830
In 2016 he was already a default file
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11-19-2019, 03:14 PM #23
I funded a 19th position 125k once in 2015, and surprisingly the HB was only about 30%. Cash advance hewa, gotta love em.