Need a lender who would consider file with RAM
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  1. #1
    Senior Member Reputation points: 16117 capaxess's Avatar
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    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

  2. #2
    Us.
    Jeremy Katz
    ISO RELATIONS MANAGER
    jeremy@swisscapital.group
    Swiss Capital Group, 11 Broadway, New York,
    NY 10004
    www.swisscapital.group

  3. #3
    Senior Member Reputation points: 16117 capaxess's Avatar
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    Quote Originally Posted by Jeremy Swiss View Post
    Us.
    Ok sending it to you now

  4. #4
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    Quote Originally Posted by capaxess View Post
    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
    Define "good credit"
    If it's at 700+, there are other options for larger sums and you make more money. Send me a DM with your email address, or just email me, and I'll introduce you to the group that can make that happen.

  5. #5

    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

  6. #6
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    Quote Originally Posted by capaxess View Post
    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
    RAM stands for?
    " The world has always gone forward when people have dared to have crazy ideas . . . "

  7. #7
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    Quote Originally Posted by cruisinman View Post
    RAM stands for?
    RAM is primarily an MCA collection agency.
    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

  8. #8
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    Got one done with Fundura this month.

  9. #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 !

  10. #10
    Quote Originally Posted by julianamarie View Post
    Hey send an email over to juliana@parkeastcapital.com

    I work for a Direct Lender and I believe we would be a great fit !
    so you guys fund merchants making payments to RAM or any recovery company?

  11. #11
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    Quote Originally Posted by ClearFund View Post
    RAM is primarily an MCA collection agency.
    Thanks.
    " The world has always gone forward when people have dared to have crazy ideas . . . "

  12. #12
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    Quote Originally Posted by Jeremy Swiss View Post
    Us.
    30K/1.40/2000 weekly comes out to 20 weeks. Do you offer 5-month terms Jeremy? My gut is saying something else.

  13. #13
    Senior Member Reputation points: 16117 capaxess's Avatar
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    Quote Originally Posted by mikem View Post
    30K/1.40/2000 weekly comes out to 20 weeks. Do you offer 5-month terms Jeremy? My gut is saying something else.
    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.

  14. #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

  15. #15
    Quote Originally Posted by mikem View Post
    30K/1.40/2000 weekly comes out to 20 weeks. Do you offer 5-month terms Jeremy? My gut is saying something else.
    For the right deal yes.
    Jeremy Katz
    ISO RELATIONS MANAGER
    jeremy@swisscapital.group
    Swiss Capital Group, 11 Broadway, New York,
    NY 10004
    www.swisscapital.group

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