Who Funds Defaults?
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  1. #1
    Senior Member Reputation points: 1519
    Join Date
    Aug 2020
    Location
    New York, NY
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    123

    These deals are doable, but usually funders that do fund them would start off with a small dollar amount short term starter deal, regardless of what the merchants rev is, they wanna see if there's long term potential, and if he wants to right his wrongs before they throw money at a previous default. (10-25k 30-45 days)

    being a satisfied default vs an open default would also make a big difference, and what the settlement was will make a diff as well.

    ClearFund does those deals as they come, but it's not what we're looking for.

    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

  2. #2
    We would provide factoring in a default situation. Let me know if I can help.
    Kevin Sampson
    Capital Solutions Bancorp
    http://capitalsolutionsbancorp.com
    ksampson@capitalsolutionsbancorp.com
    706-745-8435 Office
    561-436-5883 Cell

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