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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
    Banned Reputation points: 179851
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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: 222 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,
    Funding Director
    ProsperumFunding.Com
    | 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

  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
    Senior Member Reputation points: 66298 Olderguy's Avatar
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    Have they applied for the SBA EIDL?
    Steve Benjamin
    Professional Business Loans

    1012 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

  8. #8
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    why not bring it back to the people that you funded it with before?

  9. #9
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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

  10. #10
    Quote Originally Posted by ryan $ View Post
    Everyday, East Shore, LCF
    Thanks for the mention! Yes we can easily fund a business like this.

  11. #11
    updated Banner.gif

    Hello,

    Here at Key Capital Group we entrtain Default merchants. Some qualifying requiremnts would be, satisfied judgments, payment plan, time of default, reason of default & more. We try to approve as many deals as possible within reason of cousre. We also fund what most funders cosider to be restricted industries. My contact info is below. Thank you.

    - Direct Funder in the MCA Arena
    - Same Day Approvals & Smooth Funding Process
    - No Restricted Industries
    - No credit checks
    - No UCC Filings
    - Minimal Paperwork & DocuSign Agreements
    - Dedicated Experienced Underwriters with Fast Decisions


    We specialize in:
    - Large deals
    - High risk
    - B to D Paper
    - 1st to 12th position


    - Default deals are entertained on a deal by deal basis (Satisfied judgments, payment plan, time of default & more)

    - Other Company Declines (Deals that are hard to get offers on)
    - Reverse Consolidation (Daily ending balances must be at least 5k to 10k. The term left on the advance needs to end within 40 days
    or less. 0 bounced payments & paying minimum of 50k monthly in MCAs)
    - Exceptionally competitive with dollar amount.


    Our Product:
    10k to 3MM (For increase of funds, a deal by deal basis)
    Terms up to 95 days (Flexible with large funding amounts)
    Weekly payments available (Deal by deal basis)
    Early Payoff Discounts (Deal by deal basis)
    Instant DocuSign contracts
    All Submissions are priced at 1.49 with broker discretion to down sell

    Funding Criteria
    -Minimum monthly revenue - $50,000
    -Minimum monthly deposit count - 5
    -Average daily balances - $1,500.00
    -Time in business - 6 Months (12 months preferred)
    -All credit scores accepted
    -No credit checks (We focus on healthy ledgers and payments history)
    -Restricted industries minimum monthly revenue - $100,000
    -Canada - Yes, but must be a US bank account
    -Tax Liens - Must be on payment plan
    -Ownership 100% (All parties must sign)

    My name is Gill Navarro. I'm the Director of ISO relations here at Key Capital Group. We are looking to onboard ISO's/Brokers with Integrity to build a long lasting partnership. We believe in a win win situation & know that the only way to build a solid, long lasting business with recurring revenue is with an honest & sincere approach which we have been practicing from day 1. Please feel free to call me to get acquainted & discuss how we can make a profitable partnership.

    Gill Navarro
    Director of ISO Relations
    Direct: 1(862)-303-3225
    Email: Gill@keycapitalfunding.com
    Website: https://keycapitalfunding.com/iso/

    Attachment 3291

  12. #12
    Perfect this is our specialty we will give the most aggressive on-the-dollar send over the file and will have a hard offer in less than 45min.

    Deals@mintfunding.com

  13. #13
    We have no market restrictions and fund deal in record breaking time.
    No min or max funding amount. We fund previous defaults but term will obviously reflect on that.
    We buy out MCA Positions as well pending on the deal status as well as reverse consolidations.
    Reach out to us so we can get you singed up and get your deals funded!
    Mona Rosen | Mona Capital Solutions | CFO

    To Talk: 646-905-0061
    To Write: upload@monacap.com

    No Funding Min | Record Breaking Turnaround Time| Weekly Payment Available

    NO INDUSTRY RESTRICTIONS

  14. #14
    Senior Member Reputation points: 337045
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    This post is from September. Stop the spamming-Putz.
    Hedley Lamarr......That's Hedley

  15. #15
    Senior Member Reputation points: 66298 Olderguy's Avatar
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    Ignore list.
    Steve Benjamin
    Professional Business Loans

    1012 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

  16. #16
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    Should just be banned.....
    Hedley Lamarr......That's Hedley

  17. #17
    Senior Member Reputation points: 66298 Olderguy's Avatar
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    Quote Originally Posted by Hedley Lamarr View Post
    Should just be banned.....
    But.....first amendment.....LOL
    Steve Benjamin
    Professional Business Loans

    1012 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

  18. #18
    Senior Member Reputation points: 119752 BR-Nightmare's Avatar
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    But....Follow the rules.........LOL
    The Brokers Nightmare
    I don't want peace, I want problems, ALWAYS!
    Florida-Based

  19. #19
    Member Reputation points: 14
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    · We fund active defaults!!!
    · We fund B-D paper!!!
    · 10 Points Commission!!!
    · 2nd - 14th position
    · Email: Gary@infusioncapital.org

  20. #20
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    Leon Davis
    Funder / Iso Relations
    see us in statements
    Brickstone Fund*
    Phone:*347-433-7727

    leon@brickstonefund.com

    direct
    High risk
    2-3-4
    Flex deals
    Defaults
    Active defaults

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