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  1. #1

    Previously default funder

    Hello,

    Anyone know of any lenders funding businesses with prior defaults? I have a few merchants that were closed during covid and are va k up and running again. 2 of them defaulted during covid with a lender who is no longer in business and are both having a very difficult time satisfying the default. Therefore there both on some list and nobody will touch it. One of these merchants I’ve personally funded 30+ times and have all the executed contracts to prove. So are previous merchants who are in a situation like this permanently banned from ever getting funded again? If anyone knows a lender that would fund a situation like this please advise. Thanks 😊

  2. #2
    Senior Member Reputation points: 171385 ryan $'s Avatar
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    Everyday, East Shore, LCF

  3. #3
    Drew Matthew
    Chief Executive Officer
    Infusion Capital Group
    40 wall St
    28th floor #2765
    New York, NY 10005
    Company: 1 (718) 852-2233
    Direct: 1 (917)525-9946
    Email: drew@Infusioncapital.org
    www.Infusioncapital.org

  4. #4
    Member Reputation points: 10 Prosperum Funding's Avatar
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    8 W 36th St NY, NY 10018
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    Please pm regarding this.. funding would be on a case by case basis
    Last edited by Prosperum Funding; 09-28-2021 at 03:43 PM.
    Frank Jacobs,
    Fund Manager
    | Office | (929) 376-8912
    | Fax | (888) 894-3518 or (212) 706-0117
    | Email | FJacobs@ProsperumFunding.com
    8 West 36th Street, Floor7 | New York, NY 10018
    ProsperumFunding.Com

  5. #5
    Typically speaking in this type of situation, we can come in with a starter deal and once merchant shows payback history, we can do something better.
    Jeremy Katz
    ISO RELATIONS MANAGER
    jeremy@swisscapital.group
    Swiss Capital Group, 11 Broadway, New York,
    NY 10004
    www.swisscapital.group

  6. #6
    Give me a call. I have a few products that I might be able to get them funded. Give me a call and we can discuss further. Thank you. look forward to your call.

    Brandon Dressler
    brandon@preferredfundinggroup.com
    815-878-0244

  7. #7
    Member Reputation points: 1353 Olderguy's Avatar
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    Have they applied for the SBA EIDL?
    Steve Benjamin
    Professional Business Loans

    Irvine, CA 92620
    steveprobiz@gmail.com
    949.228.1050

    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 6% and up
    @ Equipment financing up to 6 years
    @ Property loans - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ SBA EIDL 1st and 2nd draw.
    @ Homeowner loan 2nd position- 15 year 8.99% no lien
    @ Private money equity and debt for major investments

  8. #8
    Senior Member Reputation points: 13709
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    why not bring it back to the people that you funded it with before?
    IRM VENTURES CAPITAL
    Head of ISO Relations

    Office: 732-592-3840
    Email: mark@irmcapitalllc.com
    https://irmcapitalllc.com/

    Direct Funder

  9. #9
    Senior Member Reputation points: 94369
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    Quote Originally Posted by Akanner View Post
    why not bring it back to the people that you funded it with before?
    yeah elishapap why not go back to the lenders that are not in business any more

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