Results 26 to 39 of 39
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08-12-2020, 01:05 AM #26
- Join Date
- Feb 2018
- Posts
- 1,349
https://www.cancapital.com/can-capital-update-covid-19/
anyone know if they are planning on coming back? did a credit line get called?
https://www.bankingdive.com/news/bfs...avirus/578547/
same thing here, is this a credit line call issue?
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08-12-2020, 09:12 AM #27
- Join Date
- Mar 2017
- Location
- Nunya
- Posts
- 830
All the big guys that have (or had) bank or institutional money fell into some level of default with their lenders. These debt agreements generally place thresholds around cash flow velocity, customer defaults, portfolio delinquency and other portfolio concentration limits. The scale of the pandemic assured that those triggers would be tripped (to varying degrees) and the lenders tighten up and/or completely restrict merchant repayments from making their way to the funders to provide the liquidity to run their businesses and fund merchants. Most will be back, though some will be gone forever. I'd expect to see a very slow ramp for the bigger A-paper lenders and I don't see them ever getting back to where they were pre-pandemic.
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08-12-2020, 09:17 AM #28
- Join Date
- Jul 2020
- Posts
- 2
LIBERTY CAPITAL
1-3 POSITION
A-B
MIN REV 60K
Have funded consistently throughout Covid
Reach out for guidelines and ISO agreement
Kyle Lednik
Director of Business Development
kyle@lbtycapital.com
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08-12-2020, 10:35 AM #29
- Join Date
- Aug 2017
- Posts
- 249
Where the hell is West Coast?
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08-12-2020, 11:37 AM #30
- Join Date
- Mar 2017
- Location
- Nunya
- Posts
- 830
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08-12-2020, 11:39 AM #31
- Join Date
- Jan 2018
- Posts
- 519
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08-12-2020, 11:41 AM #32
- Join Date
- Jan 2017
- Posts
- 10
Iou just funded a huge deal for me last week they are still funding like normal
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08-12-2020, 01:48 PM #33
- Join Date
- Sep 2015
- Posts
- 122
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08-13-2020, 08:46 AM #34
- Join Date
- May 2017
- Location
- New York/Miami
- Posts
- 65
Nextwave is open & funding!
1st Position
Min Rev $75K
Up to 15M
Paying up to 12 points
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08-13-2020, 11:52 AM #35
- Join Date
- Jun 2013
- Posts
- 351
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08-13-2020, 12:13 PM #36
- Join Date
- Jun 2015
- Posts
- 3,325
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08-13-2020, 12:59 PM #37
- Join Date
- Sep 2015
- Posts
- 122
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08-13-2020, 02:09 PM #38
- Join Date
- Sep 2019
- Posts
- 60
Great to see that funding is picking up for ya'll .. If anyone needs assistance with Bookkeeping / Accounting, you know my drill My firm services about 50 MCA companies Brokers / Funders with all their Bookkeeping / Accounting needs. My cell number is 347-416-3928 and my email address is dassic@betteraccountingsolutions.com
I have helped many here on this forum and looking forward to servicing all ya'll
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08-17-2020, 11:35 AM #39
- Join Date
- Jun 2017
- Posts
- 3
BizFund is funding... Reach out to Lea 646-351-1597 or lea@bizfund.com
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