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  1. #1
    Senior Member Reputation points: 690
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    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?

  2. #2
    Senior Member Reputation points: 22304 Olderguy's Avatar
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    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

    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    949.228.1050

    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 6% and up
    @ Equipment financing up to 6 years
    @ Property loans - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Homeowner loan 2nd position- 15 year 8.99% no lien
    @ Private money equity and debt for major investments

  3. #3
    I can help, feel free to reach out via text or email.

    Tatiana Luna ISO Rep.
    E: Tati@eagleeyeadvance.com
    C: (646) 632-5207

  4. #4
    Quote Originally Posted by CFSCCorp View Post
    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?
    No way, Jose?

  5. #5
    Quote Originally Posted by CFSCCorp View Post
    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?
    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.

  6. #6
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    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.

  7. #7
    Senior Member Reputation points: 22304 Olderguy's Avatar
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    Quote Originally Posted by abfunders View Post
    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.
    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

    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    949.228.1050

    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 6% and up
    @ Equipment financing up to 6 years
    @ Property loans - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Homeowner loan 2nd position- 15 year 8.99% no lien
    @ Private money equity and debt for major investments

  8. #8
    Senior Member Reputation points: 168822
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    Quote Originally Posted by Olderguy View Post
    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.
    Kevin is not the funder. Solomon is. Kevin is just in the front. Look at the court system, I'm not making anything up. Hybrid, MNS, Brickstone, World Global Fund.... they're all the same person's money, just with different faces.

  9. #9
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    Give us a try a Infusion Capital we've done a lot of similar deals. Gary@infusioncapital.org

  10. #10
    Try us out Jett Capital we fund defaults and give high dollar amount.
    Andy@jettcap.com
    Andrew Peterson
    Iso Relations


    Subs@jettcap.com
    Cell: 315-512-5097

    https://jettcapfunding.com/

  11. #11
    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

  12. #12
    reach out and we can work something out.

    Tatiana Luna ISO Rep.
    E: Tati@eagleeyeadvance.com
    C: (646) 632- 5207

  13. #13
    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

  14. #14
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    Quote Originally Posted by funfunder1 View Post
    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
    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.

  15. #15
    Quote Originally Posted by abfunders View Post
    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.
    Hybrid Advance is just an assumed name of World Global Fund, it's on the NY sec of state website, and he works for Shloimi Feig who calls himself Solomon, I guess even Kevin doesn't want people to know he's associated with World Global even though that's his boss

  16. #16
    Quote Originally Posted by abfunders View Post
    Kevin is not the funder. Solomon is. Kevin is just in the front. Look at the court system, I'm not making anything up. Hybrid, MNS, Brickstone, World Global Fund.... they're all the same person's money, just with different faces.
    Micah, it seems that you are really trying to call out these guys, and no one seems to be listening. But I hear you.

    It's a pattern I've been noticing. People are easily fooled, but it is very hard to tell that same person that they are being fooled.

  17. #17
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    Quote Originally Posted by SNO View Post
    Micah, it seems that you are really trying to call out these guys, and no one seems to be listening. But I hear you.

    It's a pattern I've been noticing. People are easily fooled, but it is very hard to tell that same person that they are being fooled.
    Many people will listen to Micah and Steve. I for one will always take their input into consideration. I will also take the artist formally known as Kevin Henry's input too. It's Hedley now..
    Joseph
    A Brokers Nightmare
    Florida-Based

  18. #18
    Quote Originally Posted by BR-Nightmare View Post
    Many people will listen to Micah and Steve. I for one will always take their input into consideration. I will also take the artist formally known as Kevin Henry's input too. It's Hedley now..
    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.

  19. #19
    Quote Originally Posted by CFSCCorp View Post
    Any funders, generally speaking, that will consider recent default if compensating factors are present?
    FirstLine will usually fund satisfied defaults. Feel free to reach out.
    Direct 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!

  20. #20
    Senior Member Reputation points: 297873
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    Quote Originally Posted by SNO View Post
    Micah, it seems that you are really trying to call out these guys, and no one seems to be listening. But I hear you.

    It's a pattern I've been noticing. People are easily fooled, but it is very hard to tell that same person that they are being fooled.
    Welcome to let's f*ck around and find outsville. Micah will be your tour guide.......
    Hedley Lamarr......That's Hedley

  21. #21
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    Quote Originally Posted by goatFunding View Post
    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.
    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.

  22. #22
    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

  23. #23
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    Quote Originally Posted by abfunders View Post
    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.

    Quote Originally Posted by funfunder1 View Post
    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
    You obviously missed this post. Research was already done.
    Joseph
    A Brokers Nightmare
    Florida-Based

  24. #24
    hybrid definitely is good for your future deals

  25. #25
    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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