[Red]

Hi, can everyone please list Direct Lenders who are okay with a lot of negative days? 5+ 10+ negatives

This resource will help us and anyone else that sees this who encounters deals like this.

Thank you!

[mcaguru]

Mantis !! I have been told by the largest Brokerage Shops in the country (that use data to compare funders) that Neg days --Sub 500 / Low # of deposits --We are the Kings

[WestCoastFunding]

Mantis !! I have been told by the largest Brokerage Shops in the country (that use data to compare funders) that Neg days --Sub 500 / Low # of deposits --We are the Kings

Marcus is quick to say Mantis for these types of deals, but they will decline it. If they don’t decline initially, they will after contracts are back and a login is performed. The reason for the decline will be “negative days”.

[SFC]

Hi, can everyone please list Direct Lenders who are okay with a lot of negative days? 5+ 10+ negatives

This resource will help us and anyone else that sees this who encounters deals like this.

Thank you!

You gotta hope they have CC processing and then do split funding or lockbox funding. Other than that kinda hard to get big negative day deals done.

I think quick stone or something does it. A few others.

[Red]

Marcus is quick to say Mantis for these types of deals, but they will decline it. If they don’t decline initially, they will after contracts are back and a login is performed. The reason for the decline will be “negative days”.

Okay thanks, that's good to know. The whole point of this post is to find lenders that won't decline for negative days, so if they will decline for negative days that defeats the point..lol

[mcaguru]

Okay thanks, that's good to know. The whole point of this post is to find lenders that won't decline for negative days, so if they will decline for negative days that defeats the point..lol

Westcoast happens to be wrong....Not becuase he means bad ... at times someone will say walmart does not sell Kayaks when in reality they do... Of course there are times we decline for Neg days but if we decline the general finding is one else will go onto funding that file.....

[Red]

Thanks!

[thesmartermerchant2020]

Red,

Our high risk allows up to 7 negative days. Check out our guidelines:

Consider The Smarter Merchant & visit The Smarter Merchant's Facebook page: https://www.facebook.com/groups/thesmartermerchant/


SPRING 2020 UW GUIDELINES:

PREMIUM- 3-10 MONTHS - 1.15 - 1.25 BUYRATES - UPSELL TO 15 POINTS - BUYOUT INTO 1st POSITION -1st AND 2nd POSITIONS- DAILY/WEEKLY OPTIONS - 675 FICO - 30k MINIMUM MONTHLY SALES - UP TO 2 DAYS NEGATIVE - 30 MONTHS MINIMUM TIME IN BUSINESS

STANDARD- 3-9 MONTHS - 1.21 - 1.32 BUY RATES - UPSELL TO 12 POINTS - BUYOUT INTO 1st AND 2nd POSITION - 1st - 3rd POSITION FUNDING - DAILY/WEEKLY OPTIONS- 550 FICO - 10k MINIMUM MONTHLY SALES - UP TO 5 DAYS NEGATIVE - 12 MONTHS MINIMUM TIME IN BUSINESS

HIGH RISK- 2.5-5 MONTHS - 1.28 - 1.37 BUY RATES - UPSELL TO 10 POINTS - NO CONSOLIDATIONS - 1st-6th POSITION FUNDING - DAILY PAYMENTS ONLY - NO CREDIT SCORE MINIMUM - 10k MINIMUM MONTHLY SALES - UP TO 7 DAYS NEGATIVE- 6 MONTHS MINIMUM TIME IN BUSINESS


John Galante
The Smarter Merchant
ISO Relations
johng@thesmartermerchant.com
C: 347-377-1273
P: 888-262-7171
F: *646-219-2731
www.thesmartermerchant.com

[WestCoastFunding]

Westcoast happens to be wrong....Not becuase he means bad ... at times someone will say walmart does not sell Kayaks when in reality they do... Of course there are times we decline for Neg days but if we decline the general finding is one else will go onto funding that file.....

Yes, Marcus, you do fund with negatives — That’s true (more so than just about all funders). But you aren’t funding with 10+ negative days like he asked above.

[DannyFoxCap]

When there are negative days you also have to look at NSFs, returned items, exactly what they are bouncing on. Every deal is unique, reach out if you are not already signed up.

[BB_Cooper]

Cooper will fund won't decline for negative balance days. We are instead focused on excessive returned items.

Robert S Bloink
EVP of ISO Partnerships
Direct: 248-341-9477
Email: bb@cooperasset.com
Web: www.cooperasset.com

[mcaguru]

I want to remind you all -- No matter how much i love to market mantis funding --i always play fair! I have never told an ISO (which i can do 30 times a day or more) hey... we just funded your 150K Contractor now go on daily funder and tell the world about how you submitted at 11:00AM and got the merchant funded at 3;30PM--- i don't do that --- what i will do is state facts that we legitimately earned -- with that said i have heard from the largest MCA Brokerage(DATA-Heavy) Shops that Mantis is far ahead of the competition on NSF's/ Sub500/ Trucking/ Construction / etc./inconsistent revenues /Nano/Micro...

[jlux]

does this client take cc in they business

[Chambo]

Mantis !! I have been told by the largest Brokerage Shops in the country (that use data to compare funders) that Neg days --Sub 500 / Low # of deposits --We are the Kings

"i've been told..." "Really Huge...""People are saying..."

you and Trump have the same BS speechwriter?

[WestCoastFunding]

"i've been told..." "Really Huge...""People are saying..."

you and Trump have the same BS speechwriter?

Marcus is perpetually full of ****. He’s quick to talk about how mantis is supposedly one of the biggest funders, but has never released a single datapoint to back it up.

I mean, if they were so successful, why are they reliant on paying their reps by adding ****ing PSFs to contracts for them?

No one else in the industry does that.

[Michael Slabitcher]

Quikstone Capital Solutions and Merchant Cash Group via CC Split.

[Jason Sterling]

Quikstone Capital Solutions and Merchant Cash Group via CC Split.

Thanks Michael