Results 1 to 20 of 20
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08-23-2021, 12:15 PM #1
Reputation points: 10
- Join Date
- Jul 2021
- Posts
- 19
1 Mil Deal
Looking for someone to fund a 1 mil deal.
Wants to buy new building,
500k+ rev monthly
Issue is:
Medical marijuana company
Goes through personal bank statements instead of business
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08-23-2021, 12:19 PM #2
Reputation points: 14091
- Join Date
- Mar 2019
- Posts
- 254
EPIC ADVANCE
Mark@epic-advance.com
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08-23-2021, 01:13 PM #3
Reputation points: 19568
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- Aug 2020
- Posts
- 145
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08-23-2021, 01:18 PM #4
Reputation points: 213
- Join Date
- Dec 2018
- Posts
- 17
No can do with a personal account.
Avi Herskovitz
Director ISO Relations
IBEX Funding Group
Direct: (347) 618-2224
Cell: (347) 349-3199
avi@ibexfundinggroup.com
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08-23-2021, 01:27 PM #5
Reputation points: 179851
- Join Date
- Jun 2017
- Posts
- 2,049
I know of 2 Funders that will Fund a Personal Account.
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08-23-2021, 02:12 PM #6
Reputation points: 84417
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,952
The merchant has placed his business at risk - you can take a look at the recent OK Federal Case.
https://www.justice.gov/usao-wdok/pr...ount-marijuana
Putting that aside - there are Banks-Credit Unions that will service MRB's - I have resources that will assist the merchant in becoming Bank Compliant.
If you think it is worth your time, call me.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
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08-23-2021, 02:15 PM #7
Reputation points: 227882
- Join Date
- Feb 2017
- Posts
- 3,429
I'm signed up with Payqwik, but they don't operate in every state. I work closely with a funder who will be able to fund the deal once the client opens up the Payqwik account.
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08-23-2021, 02:32 PM #8
Reputation points: 20
- Join Date
- Dec 2020
- Location
- New York CIty
- Posts
- 32
The Broker referral docs are for the equipment financing & term loan deals which we will pay between 2 - 5% on avg (Occasionally*you can charge more)* for* equipment and term loan deals with 36-60 month terms.**
Our Sweet Spots:·* 1st*- 7th positions for same day funding between 25k and 750k. (High deposit volume {100k+}*·**We'll beat or match any other funders' offer within minutes (upon request for urgent files) Have a Yellowstone agreement? If so, send it and we will beat it that day!·**We are particularly competitive in the following industries: retail, restaurants, food/beverage, medical/dental offices, consulting/advertising/real estate/construction/etc with solid contractual receivables and We can go to 12 month on high risk industries in 1st position.
Some Brief Underwriting Guidelines:Program Lengths: 1st position max term 18 mont,*2nd position max is 12 months3rd position max is 10 months(ladder positions will depend on* available cash flow)390 payment days,*or 78 weekly payments,or 39 bi-weekly payments,or 18 monthly payments* *(Exceptions can be made)*Positions1st*– 7th positions**(Exceptions can be made)Min. Time in Business6 monthsRequired Bank Statements3 Months from all accountsMinimum Credit ScoreNone (500+ preferred)*Min. Days of Deposits5** * * ***Some exceptions made depending on industry
Min. Monthly Bank Deposits$18,500Funding Amount$25,000 - $750,000*(Over $150,000 requires 6 months and financials )Min. Avg Daily Balance reqd.VariableMax Negative Days Per Month5Max Monthly NSFs10Judgments/LiensYes – Payment Plans OnlyCredit Card SplitsYes- No Fixed TermRestricted IndustriesMay still be approved for up to 6 monthsBackgroundNo violent crimes or financial/fraud felonies*BankruptciesDischarged okay /*No Dismissed bankruptcies within the last 2 yearsCredit ReportNo major delinquencies*Benefits of Working with Prosperum Capital:
·**We are direct Funders and we are licensed in California, not super brokers!·**Same day add-ons!·**We do not reduce your commission on renewals!·**VERY competitive terms!·**Same day funding in as little as 6 hours!·**Weekly, daily, and 2x per week payment options on most positions.·**Ability to syndicate on any deal we fund for you!·**We're happy to white label. Must submit* a minimum of15 Files a month*·**Quick turn-around time!·**Commission is 4- 12 points depending on rate and term, better rates usually have less points built in and we allow for upselling 2 for 1 point of commission*
Buy Rates as low as 15-20% for 3 months and as low as 20% for 1 year if clean in 1st.
--
Thank You & Stay Productive!
--
Businesses*Prosper With Prosperum !*
Channon Smith,**Funding Specialist
|*Office*|*(646) 766-9922 Ex 1027|*Fax |*(888) 894-3518*or*(212) 706-0117|*Email |*CSmith@ProsperumFunding.Com8 West 36th Street, Floor7*|*New York, NY 10018ProsperumFunding.Com
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08-23-2021, 03:29 PM #9
Reputation points: 203690
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- Jan 2014
- Posts
- 1,375
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08-23-2021, 03:39 PM #10
Reputation points: 20
- Join Date
- Dec 2020
- Location
- New York CIty
- Posts
- 32
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08-23-2021, 03:52 PM #11
Reputation points: 4367
- Join Date
- Sep 2015
- Posts
- 122
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08-23-2021, 04:07 PM #12
Reputation points: 10
- Join Date
- Aug 2021
- Posts
- 4
Is this funded? We could potentially fund a file like this.
Angelina Fletcher (949)312-7475Last edited by Fletca; 08-23-2021 at 04:15 PM. Reason: Added contact info
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08-23-2021, 04:10 PM #13
Reputation points: 20
- Join Date
- Dec 2020
- Location
- New York CIty
- Posts
- 32
Because I can deliver the products and customer service in which everyone deserves. I look for potential synergistic relationships; If you do not want to make money, or find my small post intimidating. Please refrain from wasting your energy and focus your time on your merchants and employees.
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08-23-2021, 04:33 PM #14
Reputation points: 19568
- Join Date
- Aug 2020
- Posts
- 145
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08-23-2021, 04:34 PM #15
Reputation points: 20
- Join Date
- Dec 2020
- Location
- New York CIty
- Posts
- 32
I still signed up 20 Iso's with the same email. :-D might want to take hints.
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08-23-2021, 04:39 PM #16
Reputation points: 19568
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- Aug 2020
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- 145
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08-23-2021, 04:40 PM #17
Reputation points: 20
- Join Date
- Dec 2020
- Location
- New York CIty
- Posts
- 32
Intimidated.
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08-23-2021, 04:43 PM #18
Reputation points: 19568
- Join Date
- Aug 2020
- Posts
- 145
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08-23-2021, 04:48 PM #19
Reputation points: 4367
- Join Date
- Sep 2015
- Posts
- 122
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08-23-2021, 05:19 PM #20
Reputation points: 84417
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,952
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
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