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  1. #1

    Who isn't Funding?

    I had a client tell me Amex is not funding anymore. Not sure if this is true and also some of my lenders are not funding.

    I know lendini, rapid, everest, rdm, next wave, yellowstone, kalamata, fundkitte, greenbox are and im sure im missing a bunch.
    Last edited by Amiran5; 10-16-2020 at 03:41 PM.

  2. #2
    Member Reputation points: 203
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    Hey,

    ClearFund specializes in Micro deals (2k-25k) 1st position and up - and we're funding.
    Feel free to reach out us at partnes@clearfund.co

    Deals should be sent to deals@clearfund.co

    Thanks
    Last edited by ClearFund; 10-16-2020 at 03:28 PM.
    Underwriting Desk
    CLEARFUND SOLUTIONS LLC

    ClearFund is a Direct Funder

    • (855) 543-2133
    deals@clearfund.co
    • clearfund.co
    • 99 Wall street, New York NY #2613

  3. #3
    Senior Member Reputation points: 2511
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    Jan 2017
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    219

    We are funding 1-4 position deals!
    Paul Boxer
    V.P. Business Development
    Velocity Capital Group

    Cell: (516) 805-9209
    paul@velocitycg.com
    www.velocitycg.com

  4. #4
    Senior Member Reputation points: 5337
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    Dec 2018
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    48 Wall St. New York, NY 10005
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    213

    VitalCap is funding. Feel free to reach out so I can run through our guidelines with you.
    Last edited by VitalCapJeff; 10-16-2020 at 03:00 PM.
    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

  5. #5
    Senior Member Reputation points: 65243
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    Mar 2016
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    798

    Better question, who isn't funding right now?
    Thank you,

    Lior Monus
    Business Development Manager
    CFG Merchant Solutions


    Direct: (646) 880-6764
    Cell: (516) 319-5826
    Fax: (646) 278-7322
    Lmonus@cfgms.com
    180 Maiden Lane New York, NY 10038

    www.cfgmerchantsolutions.com

  6. #6
    Quote Originally Posted by Lmonus View Post
    Better question, who isn't funding right now?
    Yeah, that is the better question. If i'm not mistaken, BFS isn't - I heard theyre only doing renewals

  7. #7
    Does anyone know if BFS plans to start funding again?

  8. #8
    Senior Member Reputation points: 61249
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    Location
    Florida
    Posts
    1,387

    Quote Originally Posted by Amiran5 View Post
    I had a client tell me Amex is not funding anymore. Not sure if this is true and also some of my lenders are not funding.

    I know lendini, rapid, everest, rdm, next wave, yellowstone, kalamata, fundkitte, greenbox are and im sure im missing a bunch.
    Amex just concluded the purchase of Kabbage.
    Dave Lambert
    FC Financial LLC
    dave@fcbankcard.com
    http://www.fcbankcard.com
    1-727-291-7890 (Text or Leave Message)
    Office: 727-233-1111

  9. #9
    Quote Originally Posted by Lmonus View Post
    Better question, who isn't funding right now?
    Agreed. If they're not funding now, do we think they're really ever coming back?

  10. #10
    Quote Originally Posted by BB_Cooper View Post
    Agreed. If they're not funding now, do we think they're really ever coming back?
    Yes. A lot of people got wiped out and are trying to line up new capital sources.

  11. #11
    Member Reputation points: 2410
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    Sep 2020
    Location
    Salt Lake City, Utah
    Posts
    14

    Good morning everyone!

    No Bull Sh**, Torro Funding is full steam ahead.
    We are funding 1-8th positions with daily and weekly payment options.
    We push banks out to 45% of revenue and will get aggressive when needed.

    Torro is a direct lender and will protect your book.
    We are making a huge push to get capital onto the street, please reach out to me directly to sign up!
    You'll have a personal rep who will all deal flow for you.

    Evan Ensign
    Director of Business Development
    Torro Funding
    c: 419-577-5119
    o: 267-592-4291
    evan.ensign@torro.com

  12. #12
    Senior Member Reputation points: 39816
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    Lendini is funding? I thought they filed for BK?

  13. #13
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    Got an email from them a month ago:
    This is Gianna from Lendini. I am following up on the email Dave sent you last week. Please click here to schedule a short, 15-minute call to discuss our funding roadmap for EOY 2020. I have also attached our funding guidelines. This email is notice that we welcome any submissions you have for us. Our motto is, "Fast Business Funding For Fast Moving Businesses." Please send applications to submissions@lendini.com.
    Micah Markowitz | mmarkowitz@abfunders.com | 855-33-GO-ABF (direct)

  14. #14
    Senior Member Reputation points: 39816
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    226

    Quote Originally Posted by abfunders View Post
    Got an email from them a month ago:
    This is Gianna from Lendini. I am following up on the email Dave sent you last week. Please click here to schedule a short, 15-minute call to discuss our funding roadmap for EOY 2020. I have also attached our funding guidelines. This email is notice that we welcome any submissions you have for us. Our motto is, "Fast Business Funding For Fast Moving Businesses." Please send applications to submissions@lendini.com.
    Yeah they send that out lil while back but are they actually funding?

  15. #15
    Member Reputation points: 10
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    Jan 2020
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    New York
    Posts
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    Been funding since June, putting out some nice approvals. Seems like things are slowly on an upwards trend with MCA since a lot of the SBA money is falling off soon as well.


    Nicholas@lifetimefundingllc.com
    516-604-0609

  16. #16
    Senior Member Reputation points: 4388
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    Location
    Tampa Florida
    Posts
    354

    We never stopped. Credit Card splits only. 3 months + in business can be considered as long as they are averaging $6,500+ per month in cards. No double dipping on renewals. Commission paid at time of funding.
    Jason H l Sales & Business Development
    Quikstone Capital Solutions
    Exclusively funding credit card split deals since 2005
    Desk 813-371-8233 Mobile 727-492-8812
    Jason.Hausle@quikstonecapital.com www.quikstonecapital.com


    100% Direct Lender

  17. #17
    I know that the conclusion of this thread was for funding companies to not promote and for people to instead talk about whos not funding but I'm going to take my shot here anyway

    We are actively funding and our underwriting team/management are getting more hungry for files every day this pandemic becomes more normal which means we will fight for your deals. Try us out on your 2nd-5th positions and we'll be aggressive as possible to get these funded the same day you submit the file to us. Our underwriters are also willing to work with ISO shops on catering to what will make a merchant sign today. We really like cleaner 2nd and 3rds where we can go out longer, offer lower buy rates (1.28+), and pay 14 points.

    Reach out to me at matthew@riveradvance.com if interested in trying us out

  18. #18
    BizFund never stopped funding. We offer 2nd-4th positions with daily or weekly payments.
    Lea Leibowitz
    ISO Relations & Administration
    2371 McDonald Avenue | Brooklyn, NY 11223
    E: lea@bizfund.com
    D: (646) 351-1597

  19. #19
    Senior Member Reputation points: 6950 ESE5020's Avatar
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    208

    We are funding,

    - No Credit Check or Requirements
    - Same Day Funding
    - No Industry Restrictions

    Feel free to reach out for offers.

    We will make offers with most recent 3 Bank statements alone.
    East Shore Equities, LLC
    Submissions@EastShoreEquities.com
    Tel: 516-231-5595 | Fax: 516-231-5590
    www.EastShoreEquities.com

  20. #20
    Greenwich Capital Management Funding out to 12 months - Buy rate as low as 1.09 - Ask about our LOC program with rates as low as 2.75% a month. We are aggressively funding upto 750k -

    Email Inquiries@gcmcapitalgroup.com for ISO Agreement.

  21. #21
    We are funding 1st-2nd position deals and have not ceased to fund during the pandemic.

    Feel free to reach out for more info.
    Benjamin Lugassy
    SOS Capital
    blugassy@soscapital.com
    P:212-235-5462
    F:212-235-5459
    www.soscapital.com

  22. #22
    Green never stopped funding!!! We will fund your high risk previous defaults etc. Reach out to us for an ISO agreement
    Green Fund NY
    Info@greenfundny.com
    845-693-0433
    276 5th Ave. STE 704
    New York, NY 10001

  23. #23
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    Torro Funding is up and running!

    Torro is a direct funder with all in house funds. We protect your book and ensure your merchants are kept to you.

    We fund every state, but MA, we do not offer reverses, and we will fund behind judgments(must be satisfied).
    We fund 1-8th but prefer 2-5th.

    Essential and nonessential, we love restaurants, healthcare, auto repair, and HVAC right now.
    15k rev and 5 deposits a month
    450 Credit+
    Defaults/Judgments must be satisfied or have a current position.
    We will fund behind altered payments but not stopped payments.
    We will fund 1-8th positions; 2-5th is our sweet spot.
    5k-200k, 3-7 months, daily/weekly/cc split (term/$ will increase as covid clears)
    All approvals are hard; mtd provided with the submission means approval will fund 10/10 times.
    Same day approvals, funding. Commission paid out the next day to rep.
    Renew at 50%, need signed docs, bank login, FC.
    We do not fund transportation, trucking, marijuana.

    Reach out to me directly, and I will get you partnered with one of my reps!

    Evan Ensign
    Director of Business Development
    Torro Funding
    419-577-5119
    evan.ensign@torro.com

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