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  1. #1

    $40-90k monthly deposits. Only open since June

    Hey Guys,

    Looking to see if any direct lenders will take a look at a fairly clean file thats only been in business since June 2020. They do $40-90k in deposits and are looking for $30k.

    Thanks!

  2. #2
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    Industry and FICO?

  3. #3
    Senior Member Reputation points: 7232 NationalCorporateData's Avatar
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    Unless guidelines changed: Elevate, Everest/Vader, Fundry, Knight, LCF.

  4. #4
    Seafood wholesaler. FICO is low (450-500)

  5. #5
    Senior Member Reputation points: 7232 NationalCorporateData's Avatar
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    Quote Originally Posted by Soundview CG View Post
    Seafood wholesaler. FICO is low (450-500)
    In that case... Cresthill/Mantis, Elevate, Everest/Vader, Fundry, and LCF

  6. #6
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    Hey, we'd take a look at this file and potentially give you an offer.
    Please send us an email at deals@clearfund.co and we'll take a look.

    Thanks.
    Underwriting Desk | ClearFund Solutions | New York, NY.
    P: 855-543-2133 E: deals@clearfund.co W: www.clearfund.co
    _____________________________

    ClearFund is a Direct Funder
    ISO inquires: partners@clearfund.co

  7. #7
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    Credit card split is your best option... call Jason Hausle at Quikstone

  8. #8
    Senior Member Reputation points: 7232 NationalCorporateData's Avatar
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    Quote Originally Posted by Steven_O View Post
    Credit card split is your best option... call Jason Hausle at Quikstone
    Doesn't Quikstone have 12 month minimum TIB?

  9. #9
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    Quote Originally Posted by NationalCorporateData View Post
    Doesn't Quikstone have 12 month minimum TIB?
    We can evaluate new businesses from as early as 3 months as long as the credit card sales are averaging at least $6,500 per month. We also have our Jumpstart product which provides funding to new/unopened businesses for POS systems or industry related equipment. Credit Card splits only.
    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

  10. #10
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    This sounds right up our alley.

    Torro Funding only requires 3 months TIB and that revenue looks pretty solid.

    We can get competitive on this. Give us a call. My contact info is below!

    Evan Ensign
    Director of Business Development
    Torro Funding
    267-592-4291
    evan.ensign@torro.com

  11. #11
    Senior Member Reputation points: 7232 NationalCorporateData's Avatar
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    Quote Originally Posted by Jason Sterling View Post
    We can evaluate new businesses from as early as 3 months as long as the credit card sales are averaging at least $6,500 per month. We also have our Jumpstart product which provides funding to new/unopened businesses for POS systems or industry related equipment. Credit Card splits only.
    Hadn't realized that was an option, will update our records.

    Is the Jumpstart product financing for processing equipment only (terminal, POS, Clover, etc.) or does it cover other types of equipment, as well?

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