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  1. #1

    Less than 3yrs TIB, whos funding!?

    have a few files that are not at 3years time in business, anyone still funding these?
    thanks in advance guys

  2. #2

  3. #3
    Senior Member Reputation points: 337045
    Join Date
    Mar 2015
    Location
    Rock Ridge
    Posts
    3,453

    We are actively closing factoring facilities and asset based lines of credit.
    Hedley Lamarr......That's Hedley

  4. #4
    LCF can fund any of the below industries as long as TIB is 6 months or more. All other industries will be auto declined , but we will relook at it if you can give a good explanation as to why the business is unaffected by COVID.

    Accountants
    Assisted Living Facilities
    Cannabis dispensaries
    Cleaning services / Janitorial
    Convenience Stores
    Delivery services
    Doctors - primary care physicians
    eCommerce / online sales
    Funeral Homes and associated services
    Grocery Stores
    Gun Dealers
    Hardware Stores
    Home Health Care
    Home Improvement Centers
    Insurance Agencies
    Laundromats
    Lawyers
    Liquor stores
    Medical Centers
    Pet supply stores
    Pharmacies
    Restaurants - must have strong take out / delivery sales
    Specialty Trade Contractors ( such as electricians, plumbers, HVAC )
    Technology
    Trucking
    Technology
    Urgent Care
    Veterinarians
    Manufacturing companies, distributors and supply chain companies producing and supplying essential products and services in and for industries such as pharmaceutical, technology, biotechnology, healthcare, chemicals, sensitization, waste pickup/disposal, agriculture, food/beverage, transportation, energy, steel, petroleum/fuel, mining, construction, national defense and communications. ( oil production is an exception to this, and is currently an auto decline )
    Construction - must provide AR and WIP with submission, generally we are only funding construction at this time that is currently working on an essential or infrastructure contract.

  5. #5
    At 24 capital we need 1 year in business for most industries. Give me a shout, brian@24capital.com, and we can discuss the deals you have more in detail.

  6. #6
    Senior Member Reputation points: 8447
    Join Date
    Jul 2015
    Location
    Tampa Florida
    Posts
    488

    We can fund starting at 4 months in business. Credit card split deals only. On a new business the credit card processing volume needs to be consistent or trending upwards. We can also provide equipment funding for new businesses using our Jumpstart funding product (contact me for more information).
    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

  7. #7
    We are open and funding as well.
    Send an email at GJohn@Aquinascapitalfunding.com or Text Message

    Gregory John
    www.aquinascapitalfunding.com

    2 University Plaza
    Suite 100
    Hackensack, NJ 07601

    T: (201) 375-9058
    C: (201) 282-0243

  8. #8
    thanks guys Subs have been sent! much appreciated

  9. #9
    The minimum TIB for the funding partners in Become's online lending marketplace is 6 months! Plus, they're now focusing extra effort on providing financial solutions for e-commerce/online businesses: www.become.co/ecommerce-loans/

  10. #10

  11. #11
    We will do MCA and consolidations for anyone with over 1 year time in business. PM me for more details.
    Andrew Solomon | (754) 946-2523
    Andrew@qfscapital.com
    QFS Capital - Specializing in Reverses

  12. #12
    Member Reputation points: 308
    Join Date
    Apr 2016
    Location
    Ft Lauderdale
    Posts
    56

    Criteria: Temporary Covid Guidelines
    Minimum Revenue: 25,000 per month
    Minimum Time in Business: 1 year
    Maximum Advance Size: $60,000
    Maximum Hold Back: 21%
    Maximum Commission: 12%
    Maximum Duration: 130 days
    Minimum FICO: 550
    Currently operating and generating revenue

    Upfront fees: 5% (minimum $750)

    Industries:
    1. Auto repair
    2. Trade service and repair (electrician, plumber, etc)
    3. Property maintenance including landscaping
    4. Trucking
    5. Grocery, convenience store
    6. Healthcare/medical
    7. Funeral homes
    8. Business services
    9. We have not turned away any business as long as the revenue has somewhat consistent !!!!!!

    Criteria: Temporary Covid Guidelines
    Minimum Revenue: 25,000 per month
    Minimum Time in Business: 1 year
    Maximum Advance Size: $60,000
    Maximum Hold Back: 21%
    Maximum Commission: 12%
    Maximum Duration: 130 days
    Minimum FICO: 550
    Currently operating and generating revenue

    Upfront fees: 5% (minimum $750)

    Industries:
    1. Auto repair
    2. Trade service and repair (electrician, plumber, etc)
    3. Property maintenance including landscaping
    4. Trucking
    5. Grocery, convenience store
    6. Healthcare/medical
    7. Funeral homes
    8. Business services
    9. We have not turned away any business as long as the revenue has somewhat consistent !!!!!!


    Jake Strelzik
    Vice President / ISO Relations

    4000 Hollywood Blvd
    Hollywood , FL 33021
    954-641-8756 (office) /305-785-2548 (cell)
    888 472 2933 fax
    jstrelzik@flashadvance.com
    www.flashadvance.com

  13. #13
    Quote Originally Posted by Money$Mike View Post
    have a few files that are not at 3years time in business, anyone still funding these?
    thanks in advance guys
    WE ARE FUNDING ALL INDUSTRIES AND STATES***
    WE HAVE BEEN FUNDING HEAVY FOR THE PAST 3 MONTHS**
    MAX CAPITAL – 500,000.00*
    MAX TERM – 100 DAYS*
    NO FUNDING RESTRICTIONS (we fund defaults, modifications, bankruptcy, poor credit, etc...)*
    FUNDING WITH MINIMAL STIPS (DL, VC, POO)*
    1st*POSITION - 6th*POSITION*PAYING* 10 POINTS UPFRONT*

    email jr@allshorecap.com for iso agreement

  14. #14
    Senior Member Reputation points: 14091
    Join Date
    Mar 2019
    Posts
    253

    Have not seen too many require 3 years TIB.
    Usually its 1 year or 6 months if you are a bit higher risk.

    I can take a look at it if its 6 months TIB and there is a position in there

  15. #15
    Banned Reputation points: 179851
    Join Date
    Jun 2017
    Posts
    2,051

    WHere are all these companies coming from, Never seen any of you in statements

    Except LCF

  16. #16
    Member Reputation points: 296
    Join Date
    Mar 2019
    Location
    NEW YORK
    Posts
    30

    Quote Originally Posted by ryan $ View Post
    WHere are all these companies coming from, Never seen any of you in statements

    Except LCF
    You wont see them the amount of new companies that came out from covid is insane

  17. #17
    Quote Originally Posted by ryan $ View Post
    WHere are all these companies coming from, Never seen any of you in statements

    Except LCF
    exactly what i was thinking, if i never seen them in bank statements i never submit

  18. #18
    Senior Member Reputation points: 86751
    Join Date
    Feb 2018
    Posts
    1,346

    maybe they are all shells

  19. #19
    Senior Member Reputation points: 6544
    Join Date
    Dec 2018
    Location
    48 Wall St. New York, NY 10005
    Posts
    268

    Our minimum TIB is 12 months on preferred industries and 18 months on non-preferred. Reach out and for a copy of our guidelines.
    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
    we can fund these types of files for you. call me to sign up with us.
    Frank Scarso
    CEO/ Avanza Capital
    3974 Amboy Rd, ste 306
    Staten Island, NY 10308
    212-457-1573
    franks@avanzacapitalllc.com
    www.avanzacapitalllc.com

  21. #21
    A-D Paper
    2-6 Positions
    Min 20K in Revenue Monthly
    At Least 6 Months in Business
    Previous Defaults
    Multiple Negative Days
    No Restrictions on Industries
    We Are Not White Labeled, ALL IN HOUSE!!!!!!!!!!!

    gabe@noblefundinggroup.com
    732-595-2117

  22. #22
    We fund these files all day long!!!!
    Green Fund NY
    Info@greenfundny.com
    845-693-0433
    276 5th Ave. STE 704
    New York, NY 10001

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