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11-29-2014, 12:00 PM #1
- Join Date
- Jul 2014
- Location
- Online
- Posts
- 965
The Difference between "High Risk" and "Additional Positions"
I think there needs to be some explanation when it comes to risk.
In my experience- High Risk are industries in the "High Risk" category like transportation, auto, adult etc... Credit score (personal and business), and financials. All because a biz owner needs additional capital doesn't mean they are high risk- and sometimes the industry doesn't make them high risk either (example- I have transportation and construction that do upwards of $1MM a mo which bumps them up a tier or two).
What I am trying to ask everyone- what does your company consider HIGH RISK? There is a lot that changed and some won't fund the same files as they did last year and some have become more lenient. ** this is a question to answer and discuss in order to educate- not a means for you to promote wildly.Amanda Kingsley
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12-01-2014, 10:31 AM #2
- Join Date
- Dec 2013
- Posts
- 4,711
High Risk at Cresthill Capital (just BTW...we are currently offering commissions of 8% on the payback for files over 25K that's around 11.6% on the funded) HIGH RISK can include the following (we fund the following)...
Industry
Inconstant revenues
many negative daily balances
drop in sales
manipulation of current advances (we wont fund!)
multiple bank accounts
recently switched bank accounts
credit pulled by multiple MCA companies
tax issues
multiple judgments
home based
prior bankruptcy
multiple owners
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http://cresthillcapital.com/index.html#isoLast edited by mcaguru; 12-01-2014 at 10:38 AM.
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