1 Mil Deal
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  1. #1

    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

  2. #2
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    Quote Originally Posted by TheProphecyofMCA View Post
    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
    Funding a personal account is just asking for trouble

  3. #3
    Senior Member Reputation points: 19568
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    Quote Originally Posted by Akanner View Post
    Funding a personal account is just asking for trouble
    Exactly. We had a scenario where a merchant was able to reverse all of our payments after filing a complaint when we funded and ACHed their personal account. We were unable to get our money back in court. This was about 5 years ago. Lesson learned.

  4. #4
    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

  5. #5
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    I know of 2 Funders that will Fund a Personal Account.

  6. #6
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    Quote Originally Posted by TheProphecyofMCA View Post
    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
    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

  7. #7
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    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.

  8. #8
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    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

  9. #9
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    Quote Originally Posted by FirscapitalWealth View Post
    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
    good lord Prosperum is back...please ban them.

  10. #10
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    Quote Originally Posted by Sachip24 View Post
    good lord Prosperum is back...please ban them.
    if we are all making money why are you concerned about me?

  11. #11
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    Quote Originally Posted by FirscapitalWealth View Post
    if we are all making money why are you concerned about me?
    Why are you spamming multiple threads irrelevant to the thread instead of doing that in promotions?

  12. #12
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    Is this funded? We could potentially fund a file like this.

    Angelina Fletcher (949)312-7475
    Last edited by Fletca; 08-23-2021 at 04:15 PM. Reason: Added contact info

  13. #13
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    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.

  14. #14
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    Quote Originally Posted by FirscapitalWealth View Post
    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
    This might be the worst promotional post I've ever seen.

  15. #15
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    I still signed up 20 Iso's with the same email. :-D might want to take hints.

  16. #16
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    Quote Originally Posted by FirscapitalWealth View Post
    I still signed up 20 Iso's with the same email. :-D might want to take hints.
    If you signed up 20 ISOs with the same email then they're probably the same person.

  17. #17
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    Intimidated.

  18. #18
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    Quote Originally Posted by FirscapitalWealth View Post
    Intimidated.
    Don't be intimidated, we were all new at some point.

  19. #19
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    Quote Originally Posted by FirscapitalWealth View Post
    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.
    You've funded marijuana companies with personal statements before?

  20. #20
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    Quote Originally Posted by FirscapitalWealth View Post
    Intimidated.
    Sean provides a "Promotions" section within this forum.
    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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