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  1. #1
    Senior Member Reputation points: 29177
    Join Date
    Aug 2018
    Posts
    696

    3rd pos - 300k+ required, merchant does 2mill a month

    Satisfied judgements. Merchants profitability is at 120% due to the russian war going on. Previous default but he paid them off.

    Has been paying mca's with no issues since Oct 2021.

    Who would be able to do a 9-10 month 250k-350k 3rd position here?

  2. #2
    Banned Reputation points: 10
    Join Date
    Apr 2022
    Location
    New York
    Posts
    78

    Wouldn't promise you an 8-9 month term here, but I'd definitely give you an offer on this one, send it though

  3. #3
    Banned Reputation points: 4416
    Join Date
    Dec 2021
    Posts
    154

    It would be very difficult to get a deal that long even though he paid off the defaults. Getting these terms for a 3rd position can be hard even on a clean file.
    Most if not all funders who go out this long will not even entertain a previous default even if PIF.

    Capitalize can do the dollar amount but term will be 80-120 days, assuming good payment history since Oct 2021.

    Please submit the deal to subs@capitalizegroup.com for review.

  4. #4
    Member Reputation points: 57
    Join Date
    Nov 2021
    Location
    Bergen County, NJ
    Posts
    19

    Give us a shot.

    TRUE BUSINESS FUNDING

    Direct: 646.699.1661 ext 102
    Scott@tbfgrp.com
    underwriting@tbfgrp.com
    tbfgrp.com

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