EBF renewal?
Need a Funder or Vendor? START HERE

Results 1 to 6 of 6
  1. #1
    Senior Member Reputation points: 242074
    Join Date
    Feb 2017
    Posts
    3,463

    EBF renewal?

    Merchant has several positions, has defaulted / restructured on a few of them, but has been paying of EBF without a missed payment perfectly fine, and money is still the same. I'm not going to fund him obviously, he wanted to hear feedback if there's a good chance EBF will renew him.

  2. #2
    Senior Member Reputation points: 5448
    Join Date
    May 2018
    Posts
    199

    EBF renewed a default merchant for me on friday..
    Charles Frazier
    President
    Sapphire Capital Group
    p: 917-781-2232
    m: 917-783-5634
    w: www.Sapphirecapgroup.com

  3. #3
    In my experience, if they have a good relationship with the merchant (paying on time, no more than 2/3 nsfs that have been paid) they should renew them. Give it a shot, what's the worst case a decline?

  4. #4
    Senior Member Reputation points: 25752
    Join Date
    Apr 2015
    Posts
    300

    so cool that you guys are bragging about making funding companies fund defaults- when the funding companies dry up nobody will be funding anything for anyone!

  5. #5
    Banned Reputation points: 179851
    Join Date
    Jun 2017
    Posts
    2,049

    Quote Originally Posted by abfunders View Post
    Merchant has several positions, has defaulted / restructured on a few of them, but has been paying of EBF without a missed payment perfectly fine, and money is still the same. I'm not going to fund him obviously, he wanted to hear feedback if there's a good chance EBF will renew him.
    Lawncare deal?

    Lawn and Landscape?

  6. #6
    Veteran Reputation points: 135672 Chambo's Avatar
    Join Date
    Sep 2012
    Location
    New York City
    Posts
    3,189

    Quote Originally Posted by abfunders View Post
    Merchant has several positions, has defaulted / restructured on a few of them, but has been paying of EBF without a missed payment perfectly fine, and money is still the same. I'm not going to fund him obviously, he wanted to hear feedback if there's a good chance EBF will renew him.
    EBF has renewed crazier stuff than that for me.....I would let them handle it and let the chips fall where they may

Similar Threads

  1. Renewal or Not
    By Michael I in forum Merchant Cash Advance
    Replies: 10
    Last Post: 03-29-2019, 02:36 PM
  2. salary for renewal rep
    By Michael I in forum All Other Lending
    Replies: 1
    Last Post: 11-28-2018, 03:50 PM
  3. automatic renewal
    By johnnycash1 in forum Merchant Cash Advance
    Replies: 16
    Last Post: 08-04-2015, 01:47 PM
  4. Renewal vs Add ons, what is the Difference?
    By HannahBernstein in forum Merchant Cash Advance
    Replies: 17
    Last Post: 07-14-2014, 05:53 PM
  5. Renewal vs. Add on
    By adroc in forum Merchant Cash Advance
    Replies: 15
    Last Post: 05-29-2014, 11:46 AM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Blue Owl Capital acquires Atalaya
Kansas added to disclosure service tool
FIS launches SMB digital lending


DIRECTORY