Lender for 100k deal for merch that defaulted but almost paid off
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  1. #1

    Lender for 100k deal for merch that defaulted but almost paid off

    Merchant had 4 defaults during COVID but has paid for years and only owes 4k,, Strong revs 120-130k, strong avg dailys, no NSF's, no neg days and proof of payments via Reliant/Creditors Relief for years,,4k balance left will pay upon funding

  2. #2
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    Quote Originally Posted by Emccusker0803 View Post
    Merchant had 4 defaults during COVID but has paid for years and only owes 4k,, Strong revs 120-130k, strong avg dailys, no NSF's, no neg days and proof of payments via Reliant/Creditors Relief for years,,4k balance left will pay upon funding
    I can have a look for you, if covid was the cause then that makes it less complicated!
    Shoot it over

  3. #3
    Senior Member Reputation points: 6957 ESE5020's Avatar
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    Quote Originally Posted by Emccusker0803 View Post
    Merchant had 4 defaults during COVID but has paid for years and only owes 4k,, Strong revs 120-130k, strong avg dailys, no NSF's, no neg days and proof of payments via Reliant/Creditors Relief for years,,4k balance left will pay upon funding
    This sounds like something we would consider. Feel free to send over for an offer. Email: Submissions@EastShoreEquities.com

    We do not pull credit at any point prior to or after funding.
    East Shore Equities, LLC
    Tel: (516) 784-4298 | Fax: (516) 231-5590
    www.EastShoreEquities.com

  4. #4
    Shane Johnson
    Regional ISO/Broker Rep | Arsenal Funding
    M: 917-743-1895

    E: shane@arsenalfunding.com

    www.arsenalfunding.com

  5. #5
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    Quote Originally Posted by Emccusker0803 View Post
    Merchant had 4 defaults during COVID but has paid for years and only owes 4k,, Strong revs 120-130k, strong avg dailys, no NSF's, no neg days and proof of payments via Reliant/Creditors Relief for years,,4k balance left will pay upon funding
    so he wants a 100K deal but cant payoff 4K and is only willing to pay it via additional funding? whats the rev looking like?

  6. #6
    This sounds like something Paz can help with.
    Yoni Magady
    Managing Director | ISO Department
    (323) 686-9623
    yoni@pazfundingsource.com
    A-D , 1-10 position
    Paz Funding Source
    850 S. Robertson Blvd.

  7. #7
    http://www.nashvillebusinessfunding.com

    Loans up to $1,000,000. in 2-3 days

    Just need 6 months bank statements

  8. #8
    Can you call me?
    Lashelle Cobham | Team Lead
    Tampa FL, 33624
    Cell: 813.599.7048
    E-mail: lashelle@maximumcapitalgroup.com
    Visit us: www.maximumcapitalgroup.com

  9. #9
    Senior Member Reputation points: 22201
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    Capybara Capital would look at any deal that struggled during COVID.

    Keep in mind our ISO's are telling us when it comes to the HIGH RISK we have the LOOOOONGEST TERMS with buy rates in the low 130's........(we only use DecisionLogic NO BANK LOG-INS).

    (we also have A paper terms up to 12 months with low 120's buyrate -- with up to 15 point max upsells).


    For immediate ISO agreement Email marcus@capybarausa.com
    Marcus Clapman
    Capybara Capital
    marcus@capybarausa.com
    www.capybarausa.com
    646-708-5986 (Text Friendly!)

  10. #10
    we would love to take a look please send it over and well have a reply within 10 minutes
    6463002347
    sub@ibexfundinggroup.com
    preferred@ibexfundinggroup.com

  11. #11
    Give me a call. Deal fits my box

    (212) 965-6115

  12. #12
    Hello,

    This seems like a deal that we would entertain as we specialize in High Risk merchants as well as Defaults & Declines, especially if there is a payment plan. Please give us a shot. My contact info is below.

    Below are some Guidelines. Please feel free to call me with any questions.

    We specialize in:
    High Risk
    1st to 10th position
    Defaults & Declines (Deal by deal basis, at discretion of Funder)
    Reverses Consolidation

    Minimum Monthly Revenue For 2nd position & On:
    $20,000
    Minimum Monthly Revenue For 1st Position:
    $50,000 For 1st time taking an MCA Advance
    $35,000 For a Merchant that has had an MCA Advance in the past

    Our Product:
    5k to No Funding Cap (as long as the deal makes sense we will Fund)
    Terms UP TO 95 DAYS (flexible with large funding amounts)
    Weekly payments available (if the merchant has a weekly we will consider)
    Early Payoff Discounts
    Early Renewals
    Instant DocuSign Contracts & Light Stips -DL, VC
    Full Commissions on Default Merchants & Renewals.

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

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