[AlexP]

Can anyone recommend a decent (if you could even call any of them that) default lender?
Thanks for your help.

[michael2100]

yes email me me michaeladvance2100@gmail.com

[mcaguru]

I am not sure there is a real funder that funds defaults -- Defaults mean the merchant took capital and defaulted by intervening in the process of collecting a portion of the recevibles he sold there are few defaults that make sense -- there are remote cases when a single operator of a business collapses on vacation and 2 weeks later he calls the funder with monitors beeping in the background and gets back on track those cases many funders would fund. (unless the collapse was due to a new strain of heroin) otherwise its hard to believe that someone is actually funding merchants that defaulted when they chose not to honor the sale of receivables contract.

[Gables Capital Group]

I am not sure there is a real funder that funds defaults -- Defaults mean the merchant took capital and defaulted by intervening in the process of collecting a portion of the recevibles he sold there are few defaults that make sense -- there are remote cases when a single operator of a business collapses on vacation and 2 weeks later he calls the funder with monitors beeping in the background and gets back on track those cases many funders would fund. (unless the collapse was due to a new strain of heroin) otherwise its hard to believe that someone is actually funding merchants that defaulted when they chose not to honor the sale of receivables contract.

Incorrect I could rattle off at least 5 who will fund true defaults as long as the banks are strong and there is min 150k monthly in rev.

[yts94]

Landmark will go out 50 days for defaults as long as the banks are there.

steve@landmarkfundgroup.com

[FinancialSwissArmyKnife]

Landmark will go out 50 days for defaults as long as the banks are there.

steve@landmarkfundgroup.com

Show me your name on Bank statements

[fundallday]

Show me your name on Bank statements

lol I don't understand why everyone is so against everyone else on here. I didn't know this would bring up controversy especially when by next week it's going to happen all over again with someone else new.

this thread was made for options for default lenders. if you don't want to use them you don't have to

[freeprocessing]

Incorrect I could rattle off at least 5 who will fund true defaults as long as the banks are strong and there is min 150k monthly in rev.

Who? Like decent lenders or the same old default lenders? Seriously interested in knowing.

[harvey]

stop funding defaults and fund real paper

[Get It Done]

stop funding defaults and fund real paper

this

[fundallday]

cc

[tommyC]

Last chance, New chance, Aj equity. Try one of them out, Good Luck!

[DTFdowntofund]

WGF is doing a merchant recovery program for really high risk ****. I know the guy, which is the only reason I know this, but he will fund defaults (maybe exclusively). Same 1.499, 20 day program the other yahoos do though.

[WestCoastFunding]

Can anyone recommend a decent (if you could even call any of them that) default lender?
Thanks for your help.

Send to Marcus Chapman directly. He loves this stuff.

[GreenFundNY]

We fund defaults all day long!!! reach out to us

[joemainst]

Can anyone recommend a decent (if you could even call any of them that) default lender?
Thanks for your help.

we aggressively fund previous defaults, submit to deals@mainstreetcash.com. PM me

[danny]

Solomon from rely

[WestCoastFunding]

Solomon from rely

Haha. Solomon has like 500 companies. Also try Josh at Madison.

[mcafundinggroup]

Haha. Solomon has like 500 companies. Also try Josh at Madison.

Certainly interesting, but no Solomon does not have 500 companies. There are many companies in Brooklyn and (although it would be nice to own them all) it is not owned by the same person. Stop creating these conspiracies.

[DennisAlphaBusCap]

Last Chance, New Chance, and Aj Equity can take a crack it. But advise not to even waste time on defaults like someone mentioned before.

[SFC]

Can anyone recommend a decent (if you could even call any of them that) default lender?
Thanks for your help.

Josh Kinder at Madison - josh@madisoncapitalfund.org
He really does fund defaults. I don't get it.

[KINGCASH]

Josh Kinder at Madison - josh@madisoncapitalfund.org
He really does fund defaults. I don't get it.

Out of curiosity (3 years later, yes), but would you still vouch for them?

We have a merchant who's been paying like a champ
Phenomenal credit score, great rev, no defaults- why fund there you may ask?- Auto
The merchant insisted on moving with a "higher risk" option, although they knew they were most likely capable of better- so we proceeded
Not a missed payment, however, we literally chased the funder to continue on with the option they put out per the agreement. We literally pleaded with the merchant to hold off on stop payment request while simultaneously asking the funder to proceed with remainder of agreed upon so the merchant (although not one issue occurred on the merchants side), there was a major lack/delay in proceeding with their initial agreement (already funded, but remaining agreed upon was to be disbursed after initial was completed)

They refuse to pay commission, have sent MTD multiple times showing clean payment history with merchant and Madison- of course they receive notifications on their end regardless.

We have a reputation to keep, I have a reputation to keep, and is just straight thievery

A few things to point out here-

We have reached out for weeks inquiring before submitting this post
We were contemplating a new post, but figured we'd give benefit of doubt and hear from those that may have backed them in past
"Kevin", who we're well aware is the "rep" for Madison and many others (we choose not to name other DBAs or entity's[whichever of the two it may be]), we've decided to post solely with the entity/DBA we are having current issue with.

We have a mountain of email correspondence, SMS, etc. backing the above we're pointing out if need be

Bottom line- we got screwed after delivering a very promising merchant, promises from funder/"rep" to pay commissions, and much more to the story we're opting not to disclose. Again, if need be, we have the entire chain of events, but just wanting to shed light on this particular situation

End of day, we don't harp on circumstances like this. We don't have much time to chase, but for the blatantness, and our rep that busted their ass, felt it was necessary to release

Happy funding, All

[goatFunding]

Out of curiosity (3 years later, yes), but would you still vouch for them?

We have a merchant who's been paying like a champ
Phenomenal credit score, great rev, no defaults- why fund there you may ask?- Auto
The merchant insisted on moving with a "higher risk" option, although they knew they were most likely capable of better- so we proceeded
Not a missed payment, however, we literally chased the funder to continue on with the option they put out per the agreement. We literally pleaded with the merchant to hold off on stop payment request while simultaneously asking the funder to proceed with remainder of agreed upon so the merchant (although not one issue occurred on the merchants side), there was a major lack/delay in proceeding with their initial agreement (already funded, but remaining agreed upon was to be disbursed after initial was completed)

They refuse to pay commission, have sent MTD multiple times showing clean payment history with merchant and Madison- of course they receive notifications on their end regardless.

We have a reputation to keep, I have a reputation to keep, and is just straight thievery

A few things to point out here-

We have reached out for weeks inquiring before submitting this post
We were contemplating a new post, but figured we'd give benefit of doubt and hear from those that may have backed them in past
"Kevin", who we're well aware is the "rep" for Madison and many others (we choose not to name other DBAs or entity's[whichever of the two it may be]), we've decided to post solely with the entity/DBA we are having current issue with.

We have a mountain of email correspondence, SMS, etc. backing the above we're pointing out if need be

Bottom line- we got screwed after delivering a very promising merchant, promises from funder/"rep" to pay commissions, and much more to the story we're opting not to disclose. Again, if need be, we have the entire chain of events, but just wanting to shed light on this particular situation

End of day, we don't harp on circumstances like this. We don't have much time to chase, but for the blatantness, and our rep that busted their ass, felt it was necessary to release

Happy funding, All

Not going to go into details of my dealings with the mentioned person. He is is the reason I am pro-regulation. Ill leave it at that.

[reversefunder]

these kids are a dime a dozen

[fundallday]

default lenders are all going to be the same but I funded 2 deals last week with landmark and honestly it was surprising how fast they got it done.. the kid Steve gave me 50 days which I was shocked …. you could give him a shot. - steve@landmarkfundgroup.com