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08-12-2021, 05:48 PM #1
Need a lender who would consider file with RAM
I have a file with good credit, current Paypal balance but they also have a current balance with Bluevine (work out) through RAM. even though merchant credit is good, ledgers/balances good and he's current on everything, RAM seems to be killing his chances.
Will any lenders look at a story to find sleepers?
Looking at a $30-50k deal. He can afford 2000-2500 weekly
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08-12-2021, 05:49 PM #2
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Us.
Jeremy Katz
ISO RELATIONS MANAGER
jeremy@swisscapital.group
Swiss Capital Group, 11 Broadway, New York,
NY 10004
www.swisscapital.group
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08-12-2021, 06:00 PM #3
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08-13-2021, 07:31 AM #4
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08-13-2021, 01:19 PM #5
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Lower monthly payment
We are totally credit based as long as they meet the $144K a year mark. Also we can do a 5 year simple interest monthly payment and client can use the money for anything. Do not need to pay off any MCA loans. Based on the size of deal your monthly payment would be less then the weekly he can afford. It would be around $1500 for the $30,000 to $2200 for $50,000. So $1500-$2200 a month not a week which would give company more room to breath.
Last edited by CHARLIE NEXTDAYLOANS; 08-13-2021 at 02:17 PM. Reason: Payment amount
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08-13-2021, 11:02 PM #6
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08-16-2021, 04:42 PM #7
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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
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08-17-2021, 02:14 PM #8
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Got one done with Fundura this month.
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08-17-2021, 02:30 PM #9
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Hey send an email over to juliana@parkeastcapital.com
I work for a Direct Lender and I believe we would be a great fit !
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08-17-2021, 02:52 PM #10
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08-17-2021, 07:21 PM #11
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08-18-2021, 05:04 AM #12
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08-18-2021, 10:38 AM #13
Nope, they don't. Just found that out myself.
The Merchant just told me he funded yesterday a $40k/6 mo deal through a firm in CA I've heard of but never had the pleasure to work with. Good for him and good for them!
Apparently having RAM on the ledgers isn't the kiss of death I was told it was.
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08-18-2021, 12:11 PM #14
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RAM post Cov-ID deals are still getting looks. I've spoke to many merchants where funders just stopped answering merchant calls entirely during Cov-ID. Definitely still some juice but deals are always never done w/ these until the wire is sent. Deals die on funding call w/o good explanation frequently
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08-18-2021, 01:21 PM #15
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Jeremy Katz
ISO RELATIONS MANAGER
jeremy@swisscapital.group
Swiss Capital Group, 11 Broadway, New York,
NY 10004
www.swisscapital.group
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