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  1. #1
    Senior Member Reputation points: 24
    Join Date
    Jan 2019
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    117

    51 % owner

    Who will fund a merchant who is a a 51% owner withoutt the 49% owner needing to sign? Everyone seems to be asking for the 49% owner's to be on the contract.

  2. #2
    Senior Member Reputation points: 31251
    Join Date
    Jul 2015
    Posts
    209

    business backer, Can, Headway

  3. #3
    Senior Member Reputation points: 337045
    Join Date
    Mar 2015
    Location
    Rock Ridge
    Posts
    3,453

    Get a copy of their operating agreement.
    Hedley Lamarr......That's Hedley

  4. #4
    PM
    203-705-8764

  5. #5
    Quote Originally Posted by k lion View Post
    Who will fund a merchant who is a a 51% owner withoutt the 49% owner needing to sign? Everyone seems to be asking for the 49% owner's to be on the contract.
    Yes we don't need the the 49% owner. Contact me at crivera@samsonfunding.com or you can 347-252-1171

  6. #6
    Senior Member Reputation points: 35
    Join Date
    Nov 2021
    Location
    Brickell Miami FL
    Posts
    153

    Quote Originally Posted by k lion View Post
    Who will fund a merchant who is a a 51% owner withoutt the 49% owner needing to sign? Everyone seems to be asking for the 49% owner's to be on the contract.
    51% makes the merchant have enough of the business to make him the PG on an advance (no need for 2nd owner). What’s the average monthly revenue? If it’s 50K and up I can fund it within 2 hours. If it’s 30K or more but less than 50K I can fund it same day

  7. #7
    I think it's silly to require a 49% owner to sign. As long as the guarantor has majority ownership of 51% that should be sufficient to move forward. Otherwise, what is the point of being a majority owner if you can't make financial decisions related to the business without the minority owner giving the thumbs up? I would think the only exceptions to this would be non-profits, since they require approval of the board to make financial decisions regardless of who the owner/CEO/president is. But if it's a for-profit business, 51% ownership should suffice.

    I wonder what those companies do with more complex ownership structures, like 30/30/30/10 or 20/20/20/20/20 or any other crazy combo I've seen on tax returns.

  8. #8
    Banned Reputation points: 573
    Join Date
    Jun 2022
    Posts
    86

    well fund

    Quote Originally Posted by k lion View Post
    Who will fund a merchant who is a a 51% owner without the 49% owner needing to sign? Everyone seems to be asking for the 49% owner's to be on the contract.
    Yes we don't need the the 49% owner. Contact me at eugene@equitaadvance.com or you can 305-343-2641.

  9. #9
    Member Reputation points: 142
    Join Date
    Jul 2022
    Location
    BROOKLYN NY
    Posts
    60

    i can deff take a look at this for you Leon Davis
    Funder / Iso Relations

    Brickstone Fund
    Phone: 347-433-7727

    EMAIL: Leon@brickstonefund.com

  10. #10
    Senior Member Reputation points: 4262 Magicmike18's Avatar
    Join Date
    Aug 2020
    Location
    7125 Peri Lane Brooklyn Ny 11234
    Posts
    113

    business backer/ondeck/national/rapid/kapitus

  11. #11
    Quote Originally Posted by k lion View Post
    51% owner withoutt the 49% owner needing to sign?
    We fund single-owner contracts as long as it's 50% ownership or greater! Give me a ring and if there's anything you haven't funded yet like that, we'd love to take a look at it for you. Send a line to mac@clarityadvance.com and let's see what we can get done!
    Mac Jean
    Iso Relations Manager
    mac@clarityadvance.com
    www.clarityadvance.com

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