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  1. #1
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    who's still funding? during covid -19

    who's still funding? during covid -19 actual lenders not broker shops

  2. #2
    Senior Member Reputation points: 43599 brokerCompany's Avatar
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    BLUEVINE. still funding submitted today a file..

  3. #3
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    We are still funding as of today.
    Jeff Pecori
    Business Development & ISO Relations

    VitalCap Fund | 48 Wall St. | New York, NY 10005
    P. 850.630.7509 Ext.101 | F. 646.219.7949
    jeff@vitalcapfund.com

  4. #4
    Aquinas Capital is still funding max amount 50k
    Longest term 40 days
    No restaurants or bars
    Big on cleaning services, hospitality, medical, insurance
    Call/text 201:282:0243 or Email Gjohn@aquinascapitalfunding.com for further discussion

  5. #5
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    We are still funding as we are busier than ever!!
    ---
    Bill Doody
    Round Table Financial
    Business Development Officer
    bill@rtfinancialgroup.com
    C: (949) 444-3346

    www.rtfinancialgroup.com

  6. #6
    Senior Member Reputation points: 43599 brokerCompany's Avatar
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    Quote Originally Posted by TedFundy View Post
    We are still funding as we are busier than ever!!
    everyone is factoring

  7. #7
    Senior Member Reputation points: 337045
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    Most factoring and asset based lenders are very active. I have several proposals in the market and trying to close several transactions before the end of the month. Various industries ranging from $4Mil in revenue to $60Mil in revenue in play on my desk right now.

    Most are pro-actively seeking liquidity knowing that their current facilities will not help weather this storm.
    Hedley Lamarr......That's Hedley

  8. #8
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    direct?

  9. #9
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    Quote Originally Posted by perceptioncapital View Post
    direct?
    Me-Absolutely. We are a division of a bank.
    Hedley Lamarr......That's Hedley

  10. #10
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    Catherine here from eFinancialtree. We area strong 2/3 position lender. We aren't carrying deals that stopped or altered payments as a result of our current sitution that said funding as usual, however, with the incresed deal flow response time is 5-6 house vs 2 hours nomally.

    ESSENTIAL BUSINESSES

    1. Essential health care operations including

    · research and laboratory services
    · hospitals
    · walk-in-care health facilities
    · veterinary and animal health services
    · medical wholesale and distribution
    · doctor and dentist offices
    · nursing homes, or residential health care facilities or congregate care facilities
    · medical supplies and equipment providers

    2. Essential manufacturing including

    · food processing, including all foods and beverages
    · medical equipment/instruments
    · safety and sanitary ;products
    · agriculture/farms
    · paper products

    3. Essential retail including

    · grocery stores including all food and beverage stores
    · pharmacies
    · convenience stores
    · farmer’s markets
    · restaurants/bars (but only for takeout/delivery)
    · hardware and building material stores

    4. Essential services including

    · trash and recycling collection, processing and disposal
    · mail and shipping services
    · laundromats/dry cleaning
    · building cleaning and maintenance
    · auto repair
    · warehouse/distribution and fulfillment



    5. Construction including

    · skilled trades such as electricians, plumbers
    · other related construction firms and professionals for essential infrastructure or for emergency repair and safety purposes

    6. Essential services necessary to maintain the safety, sanitation and essential operations of residences or other essential businesses including

    · building cleaners or janitors
    · general maintenance whether employed by the entity directly or a vendor
    · automotive repair

    7. Vendors that provide essential services or products, including logistics and technology support, child care and services needed to ensure the continuing operation of government agencies and provide for the health, safety and welfare of the public including

    · logistics
    · technology support.
    · essential government services

  11. #11
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    GetBackd is still funding!

  12. #12
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    Quote Originally Posted by wpeza View Post
    GetBackd is still funding!
    Has anyone on here ever funded a single deal with GetBackd?

    Someone? Anyone??

  13. #13
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    Quote Originally Posted by WestCoastFunding View Post
    Has anyone on here ever funded a single deal with GetBackd?

    Someone? Anyone??
    yeah Marcus'/ cresthills declines

  14. #14
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    Anyone notice that Marcus has been radio silent lately?

  15. #15

    Get Backd

    Quote Originally Posted by perceptioncapital View Post
    who's still funding? during covid -19 actual lenders not broker shops

    Get Backd is funding! And we are offering a new product!

  16. #16
    getbackd tell more

  17. #17
    Sending you a PM!

  18. #18
    Libertas Funding still is funding, they are just focusing on essential industries rn especially medical field

  19. #19
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    UPDATE - We are still funding as of today. Reach out if you need the updated temp guidelines.

    Thanks
    Jeff Pecori
    Business Development & ISO Relations

    VitalCap Fund | 48 Wall St. | New York, NY 10005
    P. 850.630.7509 Ext.101 | F. 646.219.7949
    jeff@vitalcapfund.com

  20. #20
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    Quote Originally Posted by VitalCapJeff View Post
    UPDATE - We are still funding as of today. Reach out if you need the updated temp guidelines.

    Thanks
    Still waiting to see one person come forward and say vital funded a deal for them recently....

  21. #21
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    We got an MCA funded that was also set up with factoring. the funds above passed on the file.
    Last edited by omegafund; 03-26-2020 at 04:19 PM.

  22. #22
    GetbackD just declined my file for an autobody shop this morning: "This deal has been declined for the following:
    Low Business credit, and this is a service based company in an industry that may see a hard hit financially in this economic condition."

    What other lender checks business credit?

  23. #23
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    Quote Originally Posted by mrmrg View Post
    Still waiting to see one person come forward and say vital funded a deal for them recently....
    I was looking at a set of statements yesterday and saw a deposit from them into a merchants bank account 4 days ago. I would assume that is a funding...
    Thank you,

    Joseph Vaknen
    Business Development
    SuperFastCap


    Direct: (646) 546-3866 (Text or Call)
    E-mail: Joe@superfastcap.com
    www.superfastcap.com

  24. #24
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    Quote Originally Posted by mrmrg View Post
    Still waiting to see one person come forward and say vital funded a deal for them recently....
    We have funded 3 deals wigh Vital in the past 2 weeks. I can vouch that Vital is funding.

  25. #25
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    Quote Originally Posted by SuperFastJoe View Post
    I was looking at a set of statements yesterday and saw a deposit from them into a merchants bank account 4 days ago. I would assume that is a funding...
    Quote Originally Posted by Gian.C View Post
    We have funded 3 deals wigh Vital in the past 2 weeks. I can vouch that Vital is funding.
    Much respect vital.

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