[Red]

What direct lenders are funding "non-essential" businesses that are still open and operating?


We have a deal doing well over $100k monthly and has payments coming in for $80k + $50k this month, and more payments coming in next month.

Super clean deal but is getting declined for being non-essential.

No drop in revenue since COVID has started going on.


Totally understand not funding a non-essential business if the business is closed or had a drop in revenue. That makes complete sense.

But this business hasn't been affected at all by COVID. They are open and operating and have revenue coming in consistently with no drop in sales.


Are there any direct lenders out there still using common sense when underwriting deals?

[Hedley Lamarr]

What industry?

[Red]

What industry?

Preschool/Daycare/Summer Camp.

The city of Philadelphia has deemed them essential and allowed them to remain open since they are attached to a hospital and they are taking care of the kids of the healthcare workers and doctors who work at the hospital.

They also have contract jobs with Philadelphia School District, Philadelphia Department of Human Services, Philadelphia Youth Network, Noresco, Excelon that they have payments coming in for.

[Hedley Lamarr]

Preschool/Daycare/Summer Camp.

The city of Philadelphia has deemed them essential and allowed them to remain open since they are attached to a hospital and they are taking care of the kids of the healthcare workers and doctors who work at the hospital.

They also have contract jobs with Philadelphia School District, Philadelphia Department of Human Services, Philadelphia Youth Network, Noresco, Excelon that they have payments coming in for.

It is too small for us. There might be someone willing to factor the invoices for the commercial an government customers, but my guess is that those invoices are pre-billed and will not be able to be factored.

KH

[KanjorskiPartners]

Feel free to email me Stefan Bernarsky at sbernarsky@kanjorskipartners.com or call me 570-862-7279 cellphone

We are direct funders and we are lending. We also do MCA refinancing into a monthly payment term loan.

Stefan Bernarsky
CIO
Kanjorski Partners LLC
570-862-7279 call or text
www.kanjorskipartners.com/refinance

[madeline@getbackd]

We are funding at GetBackd. Feel free to give me a call or email and we can discuss.

Madeline Ross
Wholesale Partner
(888)-594-1540 Ext.1192
madeline@getbackd.com
www.getbackd.com

[bidmca]

Why do they need the money?

[Peabody]

Why do they need the money?

They probably need it for supplies, food, labor costs before they get paid. They should be able to get funded.

[BMR]

https://davidallencapital.com/?refco...433476#capital

No problem