Need a Funder or Vendor? START HERE

Results 1 to 8 of 8

Hybrid View

  1. #1

    Funders who are funding with no min. time in business

    Hey guys needed some suggestions on which funders are funding merchants who have been in business for less than a year. However, the revenue is definitely there. Thanks!

  2. #2
    My records say that CFG Merchant Solutions, MainStreet and Torro WERE accepting 3 months TIB. You will need to call and verify their current guidelines. I'm sure merchant will need STRONG revenue for however long they've been open plus you prolly won't get large offers but I could be wrong.

    If you need less TIB than that, I think that's called startup capital.

    Good Luck

  3. #3
    Quote Originally Posted by SKITTLES View Post
    My records say that CFG Merchant Solutions, MainStreet and Torro WERE accepting 3 months TIB. You will need to call and verify their current guidelines. I'm sure merchant will need STRONG revenue for however long they've been open plus you prolly won't get large offers but I could be wrong.

    If you need less TIB than that, I think that's called startup capital.

    Good Luck
    Thank you! Well yeah got several files with 6-10 months in business doing around $100k so should definitely fit the box.

  4. #4
    Bitty says they do 9 months TIB. They have a slick portal. Pay commish when funding the loan.

    Check ClearFund. Say they do 3 months TIB. Call Hershey.

    Cooper Asset 6 months, say they do high risk.

    US Fund Source 6 months

    In my previous post I mentioned Torro. Call Eric Christensen 801-441-7958 Straight shooter. Direct Lender

    Check with each of them to confirm current guidelines.

    I drink Johnnie Walker Blue, I'll be looking for the delivery.

    Good Luck

    -Dave

  5. #5
    Haha appreciate it, Dave. If any of these get funded with any one of the above 100% a Johnnie Walker Blue New York Limited Edition will be coming your way!

  6. #6
    Senior Member Reputation points: 8447
    Join Date
    Jul 2015
    Location
    Tampa Florida
    Posts
    488

    We fund credit card split deals starting at 3 months in business. Must be averaging at least $6,500 per month in credit card sales to qualify for our minimum $5,000 advance.
    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

  7. #7
    Quote Originally Posted by lendingking View Post
    hey guys needed some suggestions on which funders are funding merchants who have been in business for less than a year. However, the revenue is definitely there. Thanks!
    ebf

  8. #8
    Senior Member Reputation points: 1519
    Join Date
    Aug 2020
    Location
    New York, NY
    Posts
    123

    ClearFund needs a minimum of 3 months TIB, but underwriting guidelines on those are stricter.

    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

Similar Threads

  1. 2 months time in business
    By stat in forum Merchant Cash Advance
    Replies: 8
    Last Post: 01-11-2019, 11:54 AM
  2. Funding Circle underwriting/funding time expectation
    By Christian in forum Business Loans
    Replies: 11
    Last Post: 05-31-2018, 03:45 PM
  3. Replies: 0
    Last Post: 02-02-2017, 07:20 AM
  4. Short time in business?
    By Miller192 in forum Merchant Cash Advance
    Replies: 7
    Last Post: 04-24-2015, 03:22 PM
  5. Replies: 2
    Last Post: 12-03-2014, 11:07 AM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

BoA launches business loan marketplace
Quickbooks adds new LOC product
Dext Capital upsizes corp note


DIRECTORY