2nd Position Enterprise IT Consulting biz
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  1. #1

    2nd Position Enterprise IT Consulting biz

    Hi,

    Does anyone fund higher risk deals with a fair amount of NSF's? Usually no more than 5 per month but last month August had a few more than usual in the beginning of the month. Good revenue, 50-70k a month and has a weekly with Delta. Good merchant been funding him for years

  2. #2
    Banned Reputation points: 20
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    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 electronic mail message contains information that(a)is or may be*legally privileged, confidential, proprietary in nature, or otherwise protected by law from disclosure,*and (b) is intended only for the use of the* addressee(s) named herein. If you are not the intended recipient, an addressee, or the person responsible for delivering this to an addressee, you are hereby notified that reading, using, copying, or distributing any part of this message is strictly prohibited. If you have received this electronic mail message in error, please contact us immediately and take the steps necessary to delete the message completely from your computer system. Thank you.

    --
    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

  3. #3
    Banned Reputation points: 20
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    yes i do please send the file over


    Channon Smith,

    Funding Specialist


    | Office | (646) 766-9922 Ex 1027

    | Fax | (888) 894-3518 or (212) 706-0117

    | Email | CSmith@ProsperumFunding.Com

    8 West 36th Street, Floor7 | New York, NY 10018

    ProsperumFunding.Com

  4. #4
    Senior Member Reputation points: 4457
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    Florida
    Posts
    256

    Quote Originally Posted by gnrcap View Post
    Hi,

    Does anyone fund higher risk deals with a fair amount of NSF's? Usually no more than 5 per month but last month August had a few more than usual in the beginning of the month. Good revenue, 50-70k a month and has a weekly with Delta. Good merchant been funding him for years
    How many years in business? With a good business credit history and minimum of 4 years in biz, I'll steer you to a good source.
    Shannon Harris
    Funding Specialist
    888-705-8818 phone
    239-790-2664 fax
    Shannon@StellarBusinessFunding.com
    www.stellarbusinessfunding.com

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