$250,000.00 Cash Advance - Prior Default
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  1. #1
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    $250,000.00 Cash Advance - Prior Default

    Applicant needs 250k for Inventory. Annual Revenue is 3-4MM+ per year annual revenue with a PRIOR default?

    If interested please DM here with your full contact information, whether your a lender or broker.

    Thanks.

  2. #2
    Senior Member Reputation points: 10484
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    Recently un-retired, "shocked" that nothing has changed.
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    Open default or satisfied?

  3. #3
    3-4m is a big range, but at a 6mo/1.40 his payback is over 20% of rev, and that would be aggressive pricing for a previous default. You should probably modify your merchant's expectations.

  4. #4
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    Depending how quickly it was satisfied ...would be the deciding factor at Mantis! ..otherwise we are funding merchant hours after approvals.
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    覧覧覧覧覧覧覧覧覧覧覧覧覧
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  5. #5
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    Quote Originally Posted by mcaguru View Post
    Depending how quickly it was satisfied ...would be the deciding factor at Mantis! ..otherwise we are funding merchant hours after approvals.
    So basically, just send it to Mantis so they can kill it in final underwriting citing previous default.

  6. #6
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    Previous default is not a reason why we decline
    All I do is FUND FUND FUND no matter what...

    Madison Capital Fund
    Josh - Senior Funder
    862-323-1780
    josh@madisoncapitalfund.org
    Apply:madisoncapitalfund.org/applynow

  7. #7
    Senior Member Reputation points: 54977
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    Quote Originally Posted by WestCoastFunding View Post
    So basically, just send it to Mantis so they can kill it in final underwriting citing previous default.
    If you blindly agreed to pay $1 for every deal that gets funded at Mantis daily .. you'd would not be happy with your first end of day bill and seek the best negotiators to relive yourself from the deal.
    Last edited by mcaguru; 12-05-2019 at 02:20 PM.
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    覧覧覧覧覧覧覧覧覧覧覧覧覧
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  8. #8
    Senior Member Reputation points: 107104
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    Quote Originally Posted by mcaguru View Post
    If you blindly agreed to pay $1 for every deal that gets funded at Mantis daily for 6 months .. you'd would not be happy with your first end of day bill and seek the best negotiators to relive yourself from the deal.
    I will take you up on that bet.I will give you $1 for every new deal you fund and you give me $1 for every deal that gets killed after signed contracts.Deal?

  9. #9
    Senior Member Reputation points: 19288
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    Quote Originally Posted by WestCoastFunding View Post
    So basically, just send it to Mantis so they can kill it in final underwriting citing previous default.
    lmaooooooooooooooo

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