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  1. #1
    Senior Member Reputation points: 8384
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    criminal backrounds

    who would fund regardless

  2. #2
    Senior Member Reputation points: 45092
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    depends what they did and what the merchant does for a living

  3. #3
    Veteran Reputation points: 134971 Chambo's Avatar
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    Merchant has a DWI, Poss of Narcotic, or Agg Assault? Or FORGERY and CHECK FRAUD?

  4. #4
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    drug sale armed burglary

  5. #5
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    Quote Originally Posted by shieldfunding View Post
    drug sale armed burglary
    Would you write the check?
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  6. #6
    Senior Member Reputation points: 14091
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    honesty kinda suprised to see how many merchants have long rap sheets.
    Mostly driving offenses but I have defiantly seen some wild stuff.
    Killing a deal over It really depends on how long ago the offense was and how serious it was.

  7. #7
    Quote Originally Posted by Chambo View Post
    Merchant has a DWI, Poss of Narcotic, or Agg Assault? Or FORGERY and CHECK FRAUD?
    Exactly. Does the crime involve "theft and dishonesty" and how long ago did the crime occur.

    Plenty of 40+ year old business owners have criminal records of varying sorts from their 20's-

  8. #8
    Senior Member Reputation points: 337045
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    Quote Originally Posted by BB_Cooper View Post
    Exactly. Does the crime involve "theft and dishonesty" and how long ago did the crime occur.

    Plenty of 40+ year old business owners have criminal records of varying sorts from their 20's-
    I believe the poster replied: armed burglary and drug sale which is a felony in most states and a non-starter for most reputable lenders.
    Hedley Lamarr......That's Hedley

  9. #9
    Banned Reputation points: 179851
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    I recently funded a convicted murderer

  10. #10
    Senior Member Reputation points: 337045
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    About two years ago a broker referred me to a wholesale distributor of goods sold to "smoke shops" They were seeking a $2Mil facility for their receivables and inventory. The company was doing about $10Mil/year in revenue. I visited with the owner and the broker at the company's warehouse to learn more about the company. The warehouse was full of marijuana accessories, wrapping papers, lighters, bongs, etc...

    I asked the owner if he had any issues in his past that would prevent a financial institution from trying to provide a business relationship. He said "absolutely not". I did a background check on him when I got back to the office. The owner AND the broker were out on bail as they were arrested 2 weeks prior to our meeting. Felony possession of controlled substances (A LOT) with intent to distribute. It must have occurred off premises from the business as the company was operating as normal when I visited. Needless to say......I did not pursue a relationship.

    KH
    Hedley Lamarr......That's Hedley

  11. #11
    Senior Member Reputation points: 39157
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    Quote Originally Posted by ryan $ View Post
    I recently funded a convicted murderer

    ...bet you were glad when the deal didn't get killed.



    ...if he defaults, who calls to collect money from him?



    ...did he pressure you into a better rate... or else?


    Had to. Have a great day everyone!

  12. #12
    Member Reputation points: 26
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    Miami Beach
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    i have seen uplyft doing those type of deals

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