Boersen Farms

**FUND3R1** · 11-14-2019, 10:42 AM

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-years

**tonymotts** · 11-14-2019, 11:14 AM

lol i funded him 1 year ago stay far away

**FUND3R1** · 11-14-2019, 11:17 AM

Originally Posted by tonymotts

lol i funded him 1 year ago stay far away

I hope you didn't get chargeback... lol..

**tonymotts** · 11-14-2019, 11:32 AM

Originally Posted by FUND3R1

I hope you didn't get chargeback... lol..

no lol

**FCG** · 11-14-2019, 01:09 PM

Didnt he defauly on BOFA too? for around 3mm?

**Kevin Henry-Seacoast** · 11-14-2019, 01:20 PM

There is a laundry list of judgments against this company and the owners personally.

**FUND3R1** · 11-14-2019, 01:31 PM

Originally Posted by Kevin Henry-Seacoast

There is a laundry list of judgments against this company and the owners personally.

yup.. I'm fully aware..

**WestCoastFunding** · 11-14-2019, 02:02 PM

Someone will fund him again under a defaulted-default default program.

**FUND3R1** · 11-14-2019, 02:07 PM

Originally Posted by WestCoastFunding

Someone will fund him again under a defaulted-default default program.

lmao.. this is great.

**Michael I** · 11-14-2019, 02:24 PM

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?

**ryan $** · 11-14-2019, 03:48 PM

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

**Kevin Henry-Seacoast** · 11-14-2019, 03:55 PM

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.

**FUND3R1** · 11-14-2019, 03:57 PM

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.

**abfunders** · 11-14-2019, 04:05 PM

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.

**ryan $** · 11-14-2019, 04:17 PM

Originally Posted by FUND3R1

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.

LCF puts out money bro.
Ive seen them fund over 100k multiple times. And heard they did a 1mm reverse before.

**Collection Specialist** · 11-15-2019, 08:29 AM

Stay far far far far far away

**abfunders** · 11-15-2019, 08:30 AM

Originally Posted by Collection Specialist

Stay far far far far far away

Wow....... the collections guy saying to stay away. That's pretty serious stuff.

**FUND3R1** · 11-15-2019, 09:18 AM

Originally Posted by abfunders

Wow....... the collections guy saying to stay away. That's pretty serious stuff.

I just would like to know how he was able to rack up 2.5m in MCA debt.. lol

**SmartAdvanced** · 11-15-2019, 11:22 AM

Originally Posted by WestCoastFunding

Someone will fund him again under a defaulted-default default program.

I believe this guy is on his Fifth Chance Funding program

**happyman** · 11-15-2019, 12:09 PM

Originally Posted by SmartAdvanced

I believe this guy is on his Fifth Chance Funding program

nanoflex?

**VeganFunder** · 11-19-2019, 02:39 PM

LCF funded him? When?

**RickyR3712** · 11-19-2019, 02:44 PM

In 2016 he was already a default file

**DTFdowntofund** · 11-19-2019, 03:14 PM

I funded a 19th position 125k once in 2015, and surprisingly the HB was only about 30%. Cash advance hewa, gotta love em.

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