Results 1 to 23 of 23
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08-05-2022, 05:11 PM #1
- Join Date
- Jan 2017
- Posts
- 116
Recent Default / but SATISFIED -- does 230k/month - Steel Erection business
Merchant does 230k/month in Steel Erection. Credit score in the 500s.
"He had 196,000 with them and a balance of 60,000 left. They kept trying to ACH the bank account with no money. But it has been paid in full" - Merchant's accountant explanation to me.
Anyway - the ask is under 100k. Will take 50k-100k
Any funders, generally speaking, that will consider recent default if compensating factors are present?
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08-05-2022, 05:17 PM #2
Try these guys:
Infusion Capital
United Fund USA
Hybrid Advance
Topline
Adventure
Some of you have ragged on me about including Hybrid.
Kevin has been fine with me...
But as in all instances in businesses, buyer beware....do your due diligence.Last edited by Olderguy; 08-06-2022 at 08:14 AM.
Steve Benjamin
Professional Business Loans
522 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.
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08-07-2022, 01:11 PM #3
- Join Date
- Jan 2019
- Posts
- 140
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08-07-2022, 02:09 PM #4
- Join Date
- Apr 2022
- Posts
- 28
Try Epic Advance.
they have done some deals for me that have satisfied df history.
The story has to make sense. if they like it they will give it a shot with a starter offer. (not some 20 day flex deal)
mark@epic-advance.com
other option you have is to speak to your exisiting relationsships and explain the story and see if they will do it for ya.
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08-08-2022, 08:21 AM #5
- Join Date
- Feb 2017
- Posts
- 3,396
Hey Steve, any reason why you're okay with Kevin @ Hybrid but you don't like Leon's company? They're run by the same boss.
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08-08-2022, 08:59 AM #6
I've gotten good offers from Kevin. Soloman on the other hand not a good experience so far....Soloman was a referral from a colleague that I trust. Trying to close a deal with Soloman today as a first experience with a default cliented. So we'll see.
And yes some of these shops have real newbies working there....and I've gotten some positive results with pushback to them on offers and deals.Last edited by Olderguy; 08-08-2022 at 09:09 AM.
Steve Benjamin
Professional Business Loans
522 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.
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08-08-2022, 09:27 AM #7
- Join Date
- Feb 2017
- Posts
- 3,396
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08-08-2022, 09:56 AM #8
- Join Date
- Jul 2022
- Location
- NYC
- Posts
- 34
Give us a try a Infusion Capital we've done a lot of similar deals. Gary@infusioncapital.org
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08-08-2022, 10:03 AM #9
- Join Date
- Dec 2021
- Posts
- 39
Try us out Jett Capital we fund defaults and give high dollar amount.
Andy@jettcap.com
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08-08-2022, 10:08 AM #10
updated Banner.gif
Hello,
I think we may be a fit for your satisfied default merchant. My contact info is below. Please feel free to reach out to get acquainted & discuss a deal.
High Risk Program Specialty:
- 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, Reason Of Default & more)
- Other Company Declines (Deals that are hard to get offers on)
- Exceptionally Competitive With Dollar Amount
Our Product
10k to 3MM
(For increase of funds, a deal-by-deal basis)
-Terms up to 75 days
(Flexible with large funding amounts)
-Instant DocuSign contracts
-All submissions are priced at 1.49 with brokers discretion to down sell
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. (Must be a US bank account (Min Rev 150k)
-Tax Liens - Must be on payment plan
-Ownership 100% (All parties must sign)
-We can only fund traditional bank accounts.
(Not accepted banks E.g. PayPal, BlueVine, Square, Kabbage, etc.)
Gill Navarro
Director of ISO Relations
Direct: 1(862)-303-3225
Email: Gill@keycapitalfunding.com
Website: https://keycapitalfunding.com/iso/
updated Banner.gif
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08-10-2022, 04:39 PM #11
- Join Date
- Apr 2021
- Posts
- 121
Hey kevin here
I'm not associated with anyone named Solomon please advise asap @mark
but if you need any offer lmk kevin@hybridadvancellc.com
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08-10-2022, 05:08 PM #12
- Join Date
- Feb 2017
- Posts
- 3,396
Kevin, that's a bold faced lie. Your LinkedIn profile states clearly that you work at World Global Fund. On the courts Hybrid is filing with Josh/Shia Dembitzer as the owner. You used to use Manny Yosipov (the collections guy) to file, and he shows up on both WGF and Hybrid. If you have a doubt who the owners are, call Manny directly. And if you can't get through? Give Mike Williams a call and see how money got sent in a circle.
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08-10-2022, 06:02 PM #13
- Join Date
- Jan 2022
- Posts
- 20
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08-11-2022, 12:31 AM #14
- Join Date
- Jul 2021
- Posts
- 19
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08-11-2022, 09:01 AM #15
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08-11-2022, 09:47 AM #16
- Join Date
- Mar 2021
- Posts
- 185
Agreed.
Don't know Steve .. but know Micah and besides for being the board moderator here... He is good people... People care about his experiences.. I have spoken with Kevin a couple of times as well and he's been nothing but a standup guy .. Always giving good advice and pointing me in the right direction. Actually just sent him a prospect this morning..
off topic but I guess a good lesson for half this board would be.... Instead of begging for deals like an addict begging for couple of bucks so he can get his fix...
Be honest about your intentions... provide value and useful info even if it doesn't seem to benefit you... and business will come... Also, don't be scum. Ok, rant over.
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08-11-2022, 02:11 PM #17Direct Funder | FirstLine Advance | New York, NY.
firstlineadvance.com
Call us: 929-592-3073
Email us: subs@firstlineadvance.com
1st position and up | Snap Funding within 2 hours | No credit checks
Currently accepting new ISO's!
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08-11-2022, 03:31 PM #18
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,472
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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08-11-2022, 03:39 PM #19
- Join Date
- Feb 2017
- Posts
- 3,396
Eli, come on, board moderator? Leave that for someone else (to be left unnamed). If I was the moderator, there are several liars and cheaters who I would have banned from here ages ago. It's hard, because when you're trying to be transparent and putting your phone number on the board and then they can call you. It's when people lie and try to get away with it that bothers me. Westcoast is the best trolling here and calling out the lies. I'm just mad about so many lives that have been ruined because of these guys.
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08-11-2022, 03:40 PM #20
- Join Date
- Apr 2021
- Posts
- 121
Please do your research abt me
I'm just another guy trying to fund deals and pay ISO's
there is just so much hate but i do nothing wrong
if you have any q email me kevin@hybridadvancellc.com
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08-11-2022, 03:44 PM #21
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08-11-2022, 06:30 PM #22
- Join Date
- Aug 2022
- Posts
- 4
hybrid definitely is good for your future deals
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08-12-2022, 02:07 PM #23
- Join Date
- Jan 2019
- Posts
- 140
Hybrids a joke and scams anyone who works with them especially their investors. They'll fund an open default that went bad last week to collect 30% UW Fees. And obviously those deals go bad after 3 payments. Stay far away
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