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04-06-2020, 01:23 PM #1
- Join Date
- Aug 2016
- Posts
- 24
No Restrictions
Hi,
Are there any direct funders who are funding non essential business that are still operating and open for business?
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04-06-2020, 01:38 PM #2
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,508
We are providing factoring facilities and asset based lines of credit.
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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04-06-2020, 03:27 PM #3
- Join Date
- Apr 2020
- Location
- Broomall, PA
- Posts
- 123
We are refinancing MCA stacks and providing new operating capital at closing.
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04-06-2020, 04:32 PM #4
- Join Date
- Mar 2020
- Posts
- 6
We are funding at GetBackd, and offering a deal for qualifying businesses with $1/day payments for the 2 months.
Madeline Ross
Wholesale Partner
(888)-594-1540 Ext.1192
madeline@getbackd.com
www.getbackd.com
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04-07-2020, 11:08 AM #5
- Join Date
- Aug 2017
- Posts
- 405
The problem with Getbackd is..... They decline everything, offers takes days..... They also work with PAR Funding...
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04-07-2020, 11:44 AM #6
- Join Date
- Nov 2019
- Posts
- 37
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04-07-2020, 11:47 AM #7
- Join Date
- Oct 2016
- Posts
- 4,318
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04-07-2020, 12:38 PM #8
- Join Date
- Aug 2016
- Posts
- 24
So again, who can fund non essential business that are still operating?
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04-07-2020, 01:18 PM #9
- Join Date
- Jul 2015
- Location
- Tampa Florida
- Posts
- 503
I have funded 4 deals since last Thursday (Cafe, Pizza Place, Towing & Auto Repair Shop, Liquor Store). I have 7 deals in underwriting, probably 3 will fund by Friday. Offers won't be as strong as usual but we can look at earlier renewals once the merchants volume starts coming up post Coronavirus. If you have a potential deal to discuss feel free to contact me.
1.Has to be a credit card split via processing conversion to one of our partners or lockbox for deals $15,000 and greater
2.Merchant cant be down more than 30% of pre Coronavirus processing volume
3.No consolidations unless very small where merchant nets 90+%. As always we are first position only
4.Full submission or deals won't be reviewed (Application, Credit Card Processing Username & Password, Feb,Mar & April MTD banks with all pages)Jason H l Sales & Business Development
Quikstone Capital Solutions l Tampa FL
Direct Line & Mobile 813-371-8233 l Fax 813-371-8233 l Text 727-492-8812
Jason.Hausle@quikstonecapital.com
www.quikstonecapital.com
Direct Lender Since 2005
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04-07-2020, 01:20 PM #10
- Join Date
- Apr 2020
- Location
- Broomall, PA
- Posts
- 123
We are currently refinancing MCA stacks and providing new operating capital at closing.
WestCoast, I can attest to having seen one Getbackd reverse consolidation on a file we were reviewing for term loan refinancing. That is the only Getbackd MCA contract I have seen and we get about 70-80 submissions per week for MCA term loan refinancing.
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04-07-2020, 01:24 PM #11
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,996
Non Essential Business
Credit Card Splits / Lockbox (unless change of cc processing to Clearent)
Traditional SBA 7 (a) Loans - >$350K to $5 Million ( Not connected to EIBL or PPP SBA Programs)
****TheSBA will also automatically pay the principal, interest, and fees of new 7(a)loans issued prior to September 27, 2020.
Last edited by Yankeeman07; 04-07-2020 at 01:28 PM.
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
Office: 727-233-1111
Skype: fc-financial
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04-07-2020, 02:28 PM #12
- Join Date
- Aug 2016
- Posts
- 24
Can anyone fund merchants without CC statements?
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04-07-2020, 03:38 PM #13
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,996
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
Office: 727-233-1111
Skype: fc-financial
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04-07-2020, 06:04 PM #14
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,996
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
Office: 727-233-1111
Skype: fc-financial
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04-07-2020, 03:40 PM #15
- Join Date
- Aug 2016
- Posts
- 24
How about MCA loans? they do not have collateral to pledge.
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04-07-2020, 04:08 PM #16
- Join Date
- Jul 2018
- Posts
- 54
I've seen one funding in a MTD out of thousands and thousands of submissions received in the past two weeks.
Was non essential, 10 day 1.499 deal.
No one noteworthy is doing non-essential.
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04-07-2020, 04:12 PM #17
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,508
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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04-07-2020, 04:16 PM #18
- Join Date
- Oct 2016
- Posts
- 4,318
Of course Getbackd is here to claim they’re funding nonessentials.
Of. Course.
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04-07-2020, 06:54 PM #19
- Join Date
- Apr 2020
- Posts
- 3
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04-09-2020, 03:07 PM #20
- Join Date
- Mar 2019
- Posts
- 13
Libertas Funding is still funding businesses but pretty much only essential businesses:
Health Care- Excluding Dental & Physicians whose practice is based upon elective procedures/visits Technology Companies- (Subject to review of Customer & Services provided) - Manufacturers-(Depending on products) - Heating , Plumbing & Electrical - Trucking/Transport/Logistics-(Depending upon array of products transported) - Grocery Stores/Food product sales or production (Not Restaurants) - Online Retailers (Depending on product type—i.e. discretionary vs. more basic/consumer staples)
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04-27-2020, 11:29 AM #21
- Join Date
- Apr 2020
- Posts
- 13
https://davidallencapital.com/?refco...433476#capital
500 Fico and 700 Industries many specialty industries covered
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