whos funding third positions
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  1. #1
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    whos funding third positions

    Who is funding third position

    Delivery company delivers for hospitals

    40k monthly revenue


    owes 8k to each position

  2. #2
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    I have a Funder that will dish it out for me gotta be 3k over 40 days.

  3. #3
    I just funded 8K 3rd pos to a transport company 30 days but good biz during this time - this sounds similar. Call me tomorrow if you like.
    Full disclosure: I am a broker but have been servicing anything under 20k directly lately. If I like the deal will fund same day.

    212-252-2217
    Vadim
    Tip Top Capital
    vadim@tiptopcap.com

  4. #4
    LCF has no position restrictions, we will fund any position as long as we feel its affordable to the merchant.

  5. #5
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    We are currently funding 1st - 3rd position.
    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

  6. #6
    24 Capital can certainly take a look. We have been funding thru the epidemic and starting to loosen our restrictions in general as of today. All I ask is to keep deposits over 30k a month.
    Brian@24capital.com

  7. #7
    We Started funding again this week. Going out 3 -12 daily and weekly payments. we have daily weekly and bi-weekly options.

    For those interested please email Inquiries@gcmcapitalgroup.com and CC Nathan@gcmcapitalgroup.com

  8. #8
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    Quote Originally Posted by excelcap View Post
    We Started funding again this week. Going out 3 -12 daily and weekly payments. we have daily weekly and bi-weekly options.

    For those interested please email Inquiries@gcmcapitalgroup.com and CC Nathan@gcmcapitalgroup.com
    If this is excel cap mgmt, they syndicate a percentage, not a funder, at all. They do not syndicate on every deal.

  9. #9
    This is Greenwich Capital Management we fund 100% of each of our deals -We fund on our own platform, no white label. We take 100% of the risk with our own money. Meaning we have no one to answer to and no specific box and no one to go to to get a seal of approval. If the deal makes sense to us we will fund it, and we go out up to 12 months.

    To Clarify, Yes Nathan from excel started Greenwich after being in the industry for 10 years but this is a separate company that funds 100% of its own deals. You can ask around the street knows or we can ask Sean he knows we sponsored brokerfair nyc last year.

  10. #10
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    i can take a look if your still in need of an offer

  11. #11
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    We are open and funding and offer 3rd positions. We also give up to 12 points commission.

    Email info@pdmcapital.com for more info.
    PDM Capital
    39 Broadway
    New York, NY 10006
    646-876-1055

  12. #12
    Quote Originally Posted by Quickbizpartner View Post
    Who is funding third position

    Delivery company delivers for hospitals

    40k monthly revenue


    owes 8k to each position
    For the month of May

    Updated Underwriting Guidelines:
    Minimum Revenue: $100,000 Per Month
    Negative Days: 1-2 Max Per Month
    Deposit Volume: 4+ Per Month
    Daily Balances: 5%+ of Monthly Revenue
    Positions Funding: 2nd, 3rd, 4th and 5th
    Industry Restrictions: Varies
    Min & Max Funding: $20,000-$350,000


    Sweet Spot:
    -Merchant generating between $200,000 and $1,000,000 per month
    -2nd, 3rd or 4th position
    -Funding between $25,000-$100,000

    https://chromecapitalfunding.com/iso-agreement/

    Submit with or without an app OR upload key financial information on our site without submitting any paperwork.

    newdeals@chromecapitalfunding.com

    There should be a few people on DF that funded with CCF last week.

  13. #13
    Veteran Reputation points: 135029 Chambo's Avatar
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    Quote Originally Posted by Quickbizpartner View Post
    Who is funding third position

    Delivery company delivers for hospitals

    40k monthly revenue


    owes 8k to each position
    3rd position? In this market environment? That's a recipe for disaster right there.

    I have a feeling that this Covid lockdown is going to weed out a bunch of the stacking out there.

  14. #14
    Quote Originally Posted by Chambo View Post
    3rd position? In this market environment? That's a recipe for disaster right there.

    I have a feeling that this Covid lockdown is going to weed out a bunch of the stacking out there.
    Imagine doing a 3rd position for someone and having debits come out of the business account when they submit to have their PPP loan forgiven

  15. #15
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    Quote Originally Posted by GoodCustomerService View Post
    Imagine doing a 3rd position for someone and having debits come out of the business account when they submit to have their PPP loan forgiven
    Imagine the PPP not being forgiven and the attorney's general office getting involved to collect the money.
    Hedley Lamarr......That's Hedley

  16. #16
    Quote Originally Posted by Kevin Henry-Seacoast View Post
    Imagine the PPP not being forgiven and the attorney's general office getting involved to collect the money.
    Exactly

    Reckless behavior. It's time people see that.

  17. #17
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    Quote Originally Posted by GoodCustomerService View Post
    Imagine doing a 3rd position for someone and having debits come out of the business account when they submit to have their PPP loan forgiven
    forget about third position.Taking any money , even from kevin . how will you prove what money went where?

    but to go with reckless wait for the judgment and grabbing the ppp money.Yes they are some that stupid

  18. #18
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    We just funded a construction company on a third position. Send them to info@funding-zone.com

  19. #19
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    Quote Originally Posted by Michael I View Post
    forget about third position.Taking any money , even from kevin . how will you prove what money went where?

    but to go with reckless wait for the judgment and grabbing the ppp money.Yes they are some that stupid
    Michael,

    If you took PPP you must show an audit of where the money went if you default on the loan. Banks will be audited regardless for loans in excess of $2Mil default of not. For smaller loans, bank get audited regularly and you can cool believe the regulators are going to pay close attention to all the PPP loans.....especially loans given to NON bank customers to make sure the banks followed KYC and AML rules.

    The DOJ anf AG have already brought charges to people who fraudulently attempted or took money. Bank fraud is a felony. The FTC has also charge people for advertising PPP loans when they were not the lender or associated with the lender.
    Hedley Lamarr......That's Hedley

  20. #20
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    OK but what I am asking is if someone gets 2 million dollars from ppp and than gets 2 million dollar bank loan from seacoast. How do you prove what went where.Unless all they looking at is your payroll taxes

  21. #21
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    Quote Originally Posted by Michael I View Post
    OK but what I am asking is if someone gets 2 million dollars from ppp and than gets 2 million dollar bank loan from seacoast. How do you prove what went where.Unless all they looking at is your payroll taxes
    Most banks are separating the funds for audit purposes. At least the smart banks are. You have to account for every penny.
    Hedley Lamarr......That's Hedley

  22. #22
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    Lending Valley, Inc funds 1st - 3rd position. Feel free to reach out.
    Clark Sica
    Business Development Manager
    Lending Valley, Inc.
    Office Line: 347-478-5161
    Mobile Line:347-536-0528
    Fax: 1-888-850-1971
    www.LendingValley.com

  23. #23
    We are still funding and have not ceased to fund despite the pandemic.
    Benjamin Lugassy
    SOS Capital
    blugassy@soscapital.com
    P:212-235-5462
    F:212-235-5459
    www.soscapital.com

  24. #24
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    I can help you with that.
    IRM Capital funds 2nd position and on, paying up to 12 points commission on a deal. Our turnaround time is extremely fast as well.

  25. #25
    We will fund 1st position loans but look to fund in 2nd, 3rd and 4th position - We can fund up to $150k - Deals earn up to 15 points - We offer daily’s, weekly’s, bi-weekly’s and cc splits - AGGRESSIVE pre-pays - Commissions paid NEXT DAY - No Hard Credit Pulls - No COJ's - HARD UNDERWRITING IS DONE UPFRONT WE DO NOT GIVE SOFT OFFERS

    I am very hands on so feel free to call me on my cell whenever you wish. My # is 845-494-4898. I always pick up! I look forward to working with you. Respectfully, Greg B.


    Greg Bottoni
    Senior Business Development Manager
    845-494-4898
    isosupport@byzfunder.com
    333 West 39th Street
    Suite 301
    New York, NY 10018
    www.byzfunder.com

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