Need a Funder or Vendor? START HERE

Results 1 to 20 of 20
  1. #1

    Funding with criminal record?

    Have a contracting company doing 70-100k a month, one position with 18k balance. One owner has criminal record in the past. Wondering if anyone would fund this?

  2. #2
    We'll be happy to take a look. Whenever you get the chance, feel free to send it to my email at anthony@smartbusinessfunder.com.

  3. #3
    Senior Member Reputation points: 6957 ESE5020's Avatar
    Join Date
    Oct 2017
    Posts
    331

    Quote Originally Posted by Parkview Advance View Post
    Have a contracting company doing 70-100k a month, one position with 18k balance. One owner has criminal record in the past. Wondering if anyone would fund this?
    We do not check background or credit, we focus 100% on receivables. Feel free to send the file for an offer.
    East Shore Equities, LLC
    Submissions@EastShoreEquities.com
    Tel: 516-231-5595 | Fax: 516-231-5590
    www.EastShoreEquities.com

  4. #4
    Senior Member Reputation points: 3229
    Join Date
    Jul 2017
    Posts
    105

    If the current MCA has clean pay history, I will offer you the most and longest 2nd position term.
    Direct Funder | MCA | Public Companies | Convertible Notes | Hard Money
    D. 516-667-6817
    paul@coolidgecapital.com

  5. #5
    We can get this done with the best terms possible.
    Jordan Jensen
    President
    Jordan@CapitalFundingAsap.com

  6. #6
    Member Reputation points: 1950
    Join Date
    Oct 2017
    Location
    NY, NY
    Posts
    36

    I don't mind a lil blue-collar record.. I also don't mind stacking any of these guys ^
    Jared Leff
    Alva Advance
    www.alvaadvance.com
    [SIGPIC][SIGPIC]

  7. #7
    If the current MCA has clean pay history, I will offer you the most and longest 2nd position term.


    Direct Funder | MCA | Public Companies | Convertible Notes | Hard Money
    D. 516-667-6817
    paul@coolidgecapital.com

    the bestest offer ever

  8. #8
    Senior Member Reputation points: 81655
    Join Date
    Mar 2014
    Location
    Florida
    Posts
    2,854

    Quote Originally Posted by Parkview Advance View Post
    Have a contracting company doing 70-100k a month, one position with 18k balance. One owner has criminal record in the past. Wondering if anyone would fund this?
    Did the existing funder look past the criminal record? Did they know?
    Does exiting MCA Contract have a STIP that he cannot stack ?
    Are you assisting in the circumvention of existing contract?
    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

  9. #9
    Senior Member Reputation points: 14091
    Join Date
    Mar 2019
    Posts
    253

    Quote Originally Posted by Parkview Advance View Post
    Have a contracting company doing 70-100k a month, one position with 18k balance. One owner has criminal record in the past. Wondering if anyone would fund this?
    All depends on what the crime was

  10. #10
    Senior Member Reputation points: 14091
    Join Date
    Mar 2019
    Posts
    253

    Quote Originally Posted by ESE5020 View Post
    We do not check background or credit, we focus 100% on receivables. Feel free to send the file for an offer.
    Do you even check the bank statements ?!?!

  11. #11
    Senior Member Reputation points: 7898
    Join Date
    May 2016
    Posts
    121

    Quote Originally Posted by Yankeeman07 View Post
    Did the existing funder look past the criminal record? Did they know?
    Does exiting MCA Contract have a STIP that he cannot stack ?
    Are you assisting in the circumvention of existing contract?
    Would say most mca contracts have a no stacking policy or addendum but how is it enforced is the question.

  12. #12
    I can get this done

  13. #13
    Senior Member Reputation points: 198007
    Join Date
    Mar 2017
    Location
    Nunya
    Posts
    831

    Quote Originally Posted by Yankeeman07 View Post
    Does exiting MCA Contract have a STIP that he cannot stack ?
    Didn't realize there was anything else but this.

  14. #14
    Senior Member Reputation points: 81655
    Join Date
    Mar 2014
    Location
    Florida
    Posts
    2,854

    Quote Originally Posted by Nunya View Post
    Didn't realize there was anything else but this.
    Tongue in cheek question
    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

  15. #15
    Senior Member Reputation points: 4118
    Join Date
    Jan 2020
    Location
    Brooklyn, New York
    Posts
    122

    What was the criminal history?
    Clark Sica
    Business Development Manager
    Lending Valley, Inc.
    Office Line: 347-478-5161
    Mobile Line:347-536-0528
    Fax: 1-888-850-1971
    www.LendingValley.com

  16. #16
    Would probably help to give a little bit of info - criminal background can mean a lot of different things. DWI? Fraud? Burglary? Murder? Sex offender? Bad checks? Identity Theft? The list goes on...

  17. #17
    Senior Member Reputation points: 1519
    Join Date
    Aug 2020
    Location
    New York, NY
    Posts
    123

    ClearFund is pretty lenient when it comes to background, But as many have mentioned - it would depend on what happened and when it happened, but overall ClearFund funds merchants with criminal backgrounds constantly.

    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

  18. #18
    Senior Member Reputation points: 337045
    Join Date
    Mar 2015
    Location
    Rock Ridge
    Posts
    3,453

    A contracting company doing almost $1Mil/year and the owner has an unknown criminal record...... What could possibly go wrong......

    Industry, lack of a real revenue, and an unknown criminal record should always be a hard pass.
    Hedley Lamarr......That's Hedley

  19. #19
    Depending no the type of criminal backround i can fund it

  20. #20
    Senior Member Reputation points: 8536
    Join Date
    Dec 2015
    Location
    Los Angeles, CA
    Posts
    121

    Quote Originally Posted by mk2100 View Post
    Depending no the type of criminal backround i can fund it
    Hey there! New broker shop, endless capital, TIB 2-months, YES, we can fund it, send deal, send all deals...

    ....Direct lender contract comes back through a broker.

    Lol.

Similar Threads

  1. Criminal Record
    By Michael Slabitcher in forum Merchant Cash Advance
    Replies: 18
    Last Post: 02-26-2019, 09:05 AM
  2. Startup Record Label Funding - Seeking $50-200,000 Investment
    By Fundyman in forum All Other Lending
    Replies: 2
    Last Post: 03-27-2018, 05:24 PM
  3. Funding Non Fraud or Financial related Criminal Backgrounds
    By bsmith in forum Merchant Cash Advance
    Replies: 9
    Last Post: 02-03-2016, 05:42 PM
  4. Record day in Funding for Yellowstone
    By isaacdstern in forum Merchant Cash Advance
    Replies: 12
    Last Post: 02-09-2014, 07:29 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

SubcontractorHub, Lendica partner
BoA launches business loan marketplace
Quickbooks adds new LOC product


DIRECTORY