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  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: 4429
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    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
    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

  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
    Member Reputation points: 743
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    77

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

    Thanks.
    Underwriting Desk
    ClearFund Solutions LLC

    ClearFund is a Direct Funder

    • (855) 543-2133
    deals@clearfund.co
    • clearfund.co
    • 99 Wall street, New York, NY 10005 STE #2613

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