Registered Contractor - 720 Credit - $250k/month w/ $100k total outstanding balances
Need a Funder or Vendor? START HERE

Results 1 to 12 of 12
  1. #1
    Senior Member Reputation points: 19243
    Join Date
    Jan 2020
    Location
    New York, NY
    Posts
    102

    Registered Contractor - 720 Credit - $250k/month w/ $100k total outstanding balances

    $60k outstanding with OnDeck
    $40k outstanding with LG

    $250k/month
    15-20 deposits
    no negative days
    720 credit

    Looking for $200k to pay off outstandings and net $100k

  2. #2
    Senior Member Reputation points: 6544
    Join Date
    Dec 2018
    Location
    48 Wall St. New York, NY 10005
    Posts
    271

    We can take a look at this one for you. It's unlikely we would pay both positions. We have a good shot of paying off LG and moving into 2nd.

    In my experience, LG is one of the few who won't stack if getting paid off. Only heard good things about them.

    Jeff Pecori • VP of ISO Relations
    VitalCap Fund | 48 Wall St. | New York, NY 10005
    P. 850.630.7509 | F. 646.219.7949 | jeff@vitalcapfund.com

  3. #3
    We can get that done call me 631 517 1095

  4. #4
    Senior Member Reputation points: 503040
    Join Date
    Oct 2016
    Posts
    4,318

    Quote Originally Posted by nkelly2 View Post
    We can get that done call me 631 517 1095
    Who is “we”?

  5. #5
    Senior Member Reputation points: 54989
    Join Date
    Dec 2013
    Posts
    4,713

    All else fails Mantis would probably give a great offer that can funds within hours.
    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

  6. #6
    Member Reputation points: 33
    Join Date
    Jan 2020
    Location
    Miami & NY
    Posts
    40

    Call or Email me, would like to discuss options we have for you.

    Ari Gill | Senior ISO Rep | Director of Business Development

    Bluebridge Funding Inc
    Direct: 718-564-6396
    Email: Ari@BlueBridgeFunding.com
    Ari Gill | Director of Business Development
    NewCo Capital Group/ Capytal
    Office: 646-543-8608
    Email: Ari@NewCoCapitalGroup.com


    *** To partner with Newco Capital / Capytal or to
    receive more info fill out link attached lnkd.in/e5YwW-zm ***

  7. #7
    Senior Member Reputation points: 503040
    Join Date
    Oct 2016
    Posts
    4,318

    Quote Originally Posted by mcaguru View Post
    All else fails Mantis would probably give a great offer that can funds within hours.
    Marcus, honestly, I’ve found that no other funder in the industry provides more offers that are killed after contracts are back than Mantis. There isn’t even a close 2nd.

    Rather than spamming up the joint, why not put more focus into underwriting and DD upfront?

    And before you start with your “I’ve been told by many brokers” horsecrap you always use, understand that no one believes you.

  8. #8
    Senior Member Reputation points: 676
    Join Date
    Feb 2017
    Posts
    157

    We might be able to do something.

    Email to submissions@pdmcapital.com
    PDM Capital
    39 Broadway
    New York, NY 10006
    646-876-1055

  9. #9
    Senior Member Reputation points: 54989
    Join Date
    Dec 2013
    Posts
    4,713

    Quote Originally Posted by WestCoastFunding View Post
    Marcus, honestly, I’ve found that no other funder in the industry provides more offers that are killed after contracts are back than Mantis. There isn’t even a close 2nd.

    Rather than spamming up the joint, why not put more focus into underwriting and DD upfront?

    And before you start with your “I’ve been told by many brokers” horsecrap you always use, understand that no one believes you.
    Are you chasing defaults ? ...that's very odd ... Deals killed in final is a reality by all especially in subprime but if you are seeing it that often i would question the lead source.
    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

  10. #10
    Senior Member Reputation points: 503040
    Join Date
    Oct 2016
    Posts
    4,318

    Quote Originally Posted by mcaguru View Post
    Are you chasing defaults ? ...that's very odd ... Deals killed in final is a reality by all especially in subprime but if you are seeing it that often i would question the lead source.
    Mad, aren稚 you, Marcus?

    I question Mantis underwriting. I talk to all of the other big broker shops and they all say the same thing: No one declines more at final underwriting than Mantis.

    Anither complaint is that brokers have to tell you in advance not to shop out the files to other funder痴 through Cresthill. Why must they do that? Why isn稚 it just a given?

  11. #11
    Hey FHFunding,

    The smarter merchant will likely offer something as long as he meets the following criteria:

    Industry is NOT on our restricted list.


    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.



    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


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

  12. #12
    Banned Reputation points: 12
    Join Date
    Mar 2020
    Posts
    160

    Bilderberg Business Lenders
    732-552-5010

Similar Threads

  1. Client with 6 Hotels doing 3 mil a month total
    By Wheetie in forum Business Loans
    Replies: 8
    Last Post: 04-23-2021, 04:12 PM
  2. Client with 6 Hotels doing 3 mil a month total
    By Wheetie in forum Merchant Cash Advance
    Replies: 8
    Last Post: 02-20-2020, 09:29 PM
  3. 3rd and 4th positions looking for $70k to 100k total
    By BuyTanningSalons in forum Deal Bin
    Replies: 11
    Last Post: 08-31-2017, 06:30 PM
  4. Replies: 5
    Last Post: 06-01-2017, 05:52 PM
  5. Need to consolidate $100K on 3 balances
    By Quickfunder in forum Deal Bin
    Replies: 9
    Last Post: 01-12-2017, 01:00 PM


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

Fed penalizes Evolve Bank
Cloudsquare unveils Cloudsquare Lend
Pipe secures $100M credit facility


DIRECTORY