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  1. #1

    who are the best second position lenders - highest approvals, longest terms, etc???

    I understand these deals obviously aren't as good as 1st position deals and you have to take when you can get but there has to be a few lenders out there that are better than the obvious one or two that fund behind every deal no matter what ..(I won't say the names)

  2. #2

    who are the best second position lenders - highest approvals, longest terms, etc???

    I would recommend Knight Capital, I've been sending my business there since January, they are great. Strong approvals and good communication. Funding process isn't like pulling teeth, like those we are not mentioning. My merchants love dealing with their reps. Commissions are paid the same day.

    Call Marty/Jen - 786-464-8406

    Tell them Carrie from KH Consulting referred you.

  3. #3
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    Yellowstone always gets it done for me and fast!

    Pearl used to be great but not anymore, their approvals and turn around time sucks

    Fast Business is also good

  4. #4
    Cooper takes pride in its turn around time & underwriting flexibility on files with current open positions-

    Robert S Bloink
    EVP of ISO Partnerships
    Direct: 313-218-4663
    Email: bb@cooperasset.com
    Web: www.cooperasset.com
    logo-01smaller.jpg

  5. #5
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    The best one is the one that pays off the 1st one

  6. #6
    Senior Member Reputation points: 11553 Eagle Funding's Avatar
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    We do it here, all based on statements and the merchant give me a call 516-208-1268 or email me the details at cscuderi@mcamerchant.com
    Eagle Funding Group
    Phone: (646) 793-6809
    Email: info@eaglefundinggroup.net
    Web: www.eaglefundinggroup.net

  7. #7
    A forum user Reputation points: 2147483647 Sean Cash's Avatar
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    Quote Originally Posted by KashNow View Post
    I would recommend Knight Capital, I've been sending my business there since January, they are great. Strong approvals and good communication. Funding process isn't like pulling teeth, like those we are not mentioning. My merchants love dealing with their reps. Commissions are paid the same day.

    Call Marty/Jen - 786-464-8406

    Tell them Carrie from KH Consulting referred you.
    What city is Knight based out of? Everyone keeps talking about them. I don't know them.

  8. #8

    who are the best second position lenders - highest approvals, longest terms, etc???

    Florida, Marty is the man!

  9. #9
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    Knight can get some great approvals, but i'd recommend always sending it to someone else who works a bit faster. I'll send a deal to Knight, and by the time they send me their "we received your submission..." email, I've already gotten offers or declines from most of the other people I've sent it too. I'm a big fan of Platinum personally. Quick, efficient, and they can get you some great approvals. Accord and Everest are also great in my book. I have experience with both of them revising offers substantially after some negotiating.
    Sincerely,

    Eric Dobesh
    ISO Relations Executive

    One Source Financing, LLC
    149 West 36th Street
    12th Floor
    New York, NY 10018

    212-444-1303 x206 - Office
    (646)-459-0639 - Fax

    Please visit us at: onesourcefinancing.com

  10. #10
    Quarterspot does very competitive second positions. $5,000-$150,000

  11. #11
    Quarterspot does very competitive second positions. $5,000-$150,000

  12. #12
    Senior Member Reputation points: 30475 Zach's Avatar
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    Core Financial
    Zachary Ramirez – CEO
    Phone: 562-391-7099
    Email: zach@zacharyjosephramirez.com

    1661 N. Raymond Ave #265
    Anaheim CA 92801

  13. #13
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    Quote Originally Posted by Zach View Post
    IOU Central.
    Amen. Though majority of companys don't qualify in my experience

  14. #14
    Which Platinum are you referring to?

  15. #15

    who are the best second position lenders - highest approvals, longest terms, etc???

    We can do them at World Business Lenders! Please contact me for more information edreselly@wbl.com
    Erin Dreselly

    World Business Lenders
    81 Market Sq., Suite 7
    Newington, CT 06111

    Direct: 860-549-2419
    Cell: 860-692-4636
    Fax: 860-499-5413
    Email: edreselly@wbl.com
    Web: www.wbl.com

  16. #16
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    What is the website for Everest?

  17. #17
    A forum user Reputation points: 2147483647 Sean Cash's Avatar
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    Quote Originally Posted by Quickfunder View Post
    What is the website for Everest?
    http://everestbusinessfunding.com/dailyfunder/

  18. #18
    Who ever wants to sign up a Cali ISO PM me

  19. #19
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    I would recommend Lendini. Same day approvals, commission paid same day, minimal stips, fund quickly(docusign) and best of all (10 points built in on every deal). They also will match you point for point if you have to cut comms to compete on a deal.

    Email Nick @ Nick.Yiambilis@lendini.com

    also Everest is always good as people aforementioned, fast approvals and fast to fund.
    Second place? Set of steak knives.

  20. #20
    We Will do up to 9th position, deals with negative days, the tougher industries like bail bondsman, car dealers etc...

    Would love to get in touch.

    Avi
    Avi Dahan
    Funding Coordinator/ ISO Development
    P:516-345-1227
    F:347-933-6074
    E:adahan@yellowstonecapllc.com

  21. #21
    Nice to see you on here Avi. Everyone has spoken so highly of you. I am sure people would love working with you. Avi's service, without a doubt, is the best.

  22. #22
    Veteran Reputation points: 134971 Chambo's Avatar
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    Quote Originally Posted by Avi Dahan View Post
    We Will do up to 9th position, deals with negative days, the tougher industries like bail bondsman, car dealers etc...

    Would love to get in touch.

    Avi
    Avi Dahan
    Funding Coordinator/ ISO Development
    P:516-345-1227
    F:347-933-6074
    E:adahan@yellowstonecapllc.com
    9th?!?! (sigh)

  23. #23
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    Quote Originally Posted by Chambo View Post
    9th?!?! (sigh)
    crazy

  24. #24
    Veteran Reputation points: 157541 J.Celifarco's Avatar
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    Quote Originally Posted by GRP Funding View Post
    crazy
    is he serious of is he joking??? 9th position please tell me that is not serious

  25. #25
    Sponsor Reputation points: 126 freddy's Avatar
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    I know for a fact there are "Funders" funding 9th position - wonder who will go out first, the merchant or the funder? Reminds me of the old Woody Allen joke; two elderly ladies are sitting in an all you can eat hotel in the Catskills; one says to the other, "The food here is not edible!" the other one says, "I know! And the portions are so small."

    we have a great business which can help a lot of businesses - its the predators who are killing it.
    Freddy Zalta
    President
    Cash Crunch Advance, LLC
    Direct 1-888-275-1090
    freddy@cashcrunchadvance.com

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