Default with current positions
Need a Funder or Vendor? START HERE

Results 1 to 8 of 8
  1. 01-10-2023, 04:10 PM #1
    MJames
    MJames is offline
    Member Reputation points: 44
    Join Date
    Apr 2021
    Posts
    32

    Default with current positions

    Who will fund a "default file" with over 300k per month in Rev and has new positions since the "default" which he is still making payments too??
    Reply With Quote Reply With Quote
  2. 01-10-2023, 05:19 PM #2
    FirstLine Advance
    FirstLine Advance is offline
    Member Reputation points: 497 FirstLine Advance's Avatar
    Join Date
    May 2022
    Posts
    72

    We would definitely take a look. 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!
    Reply With Quote Reply With Quote
  3. 01-11-2023, 09:29 AM #3
    Clarity Advance
    Clarity Advance is offline
    Member Reputation points: 12
    Join Date
    Sep 2022
    Posts
    57

    We just started doing defaults again.
    Will be a short term deal but we can put something out if the judgement is satisfied.
    Cris Gonzalez
    Iso Relations Manager
    (786) 368-1815
    Cris@clarityadvance.com
    www.clarityadvance.com
    Reply With Quote Reply With Quote
  4. 01-12-2023, 01:51 PM #4
    Capitalize Group
    Capitalize Group is offline
    Banned Reputation points: 4416
    Join Date
    Dec 2021
    Posts
    154

    Capitalize will give an offer on a previous default as long as there payment history after the default.

    Please submit the deal to subs@capitalizegroup.com and mention this thread.
    Reply With Quote Reply With Quote
  5. 01-16-2023, 09:07 PM #5
    b2bfunding
    b2bfunding is offline
    Member Reputation points: 10
    Join Date
    Sep 2022
    Location
    Lakewood, NJ
    Posts
    51

    I have a few funders that will do it, plus can get him a flex deal.
    Josh Dan
    B2B Funding LLC
    josh@b2bfundingllc.com
    Super Broker
    (347) 794-1592
    Reply With Quote Reply With Quote
  6. 01-17-2023, 10:55 AM #6
    David6ix
    David6ix is offline
    Member Reputation points: 1149
    Join Date
    Oct 2021
    Posts
    50

    send it over. can probably do something here.

    Also if the merchant has any real estate we can do a hard money loan
    David Kanner
    MNR Capital Group
    E: david@mnrcapitalgroup.com
    P: 201-212-6447
    Reply With Quote Reply With Quote
  7. 01-18-2023, 02:13 PM #7
    HighRisk Funder
    HighRisk Funder is offline
    Member Reputation points: 10 HighRisk Funder's Avatar
    Join Date
    Jun 2022
    Posts
    94

    I'm your guy for these kinds of deals. Send it over
    We specialize in funding:
    Deals w prior Defaults
    "Over Leveraged" deals
    All Positions (as long as there is space)
    Low FICO scores
    and all other "difficult" deals

    To submit a file or to request an ISO Agreement, kindly email underwriting@supremefunding.net.
    I look forward to hearing from you.

    Rasheed Miller
    (917) 933-3095 (text or call)
    https://supremefunding.net/
    Reply With Quote Reply With Quote
  8. 01-18-2023, 09:52 PM #8
    UptownFund
    UptownFund is offline
    Member Reputation points: 27 UptownFund's Avatar
    Join Date
    May 2022
    Posts
    50

    Assuming this was funded already but just keep me in your arsenal.

    If the merchant is on regular payments and was funded since the default we would make offer it'll probably be 20% les in term and dollar amount but we will refi at 60% and possibly buy out the remaining low balances.
    Uptown Iso Department
    ________________________________________
    Office | 732.994.2550
    iso@uptownfund.com | uptownfund.com
    Reply With Quote Reply With Quote

Similar Threads

  1. Thoughts on current collections / default rate?
    By ghost in forum Merchant Cash Advance
    Replies: 36
    Last Post: 12-30-2022, 01:08 PM
  2. Trucking Company 3 Trucks Avg $25K/mo No Positions Out but Past Default History
    By Fundyman in forum Deal Bin
    Replies: 3
    Last Post: 12-22-2022, 11:10 AM
  3. Side question about funding positions on top of PAR/CBSG in the current climate...
    By TheUnderwritingProdigy in forum Merchant Cash Advance
    Replies: 1
    Last Post: 08-11-2020, 11:07 AM
  4. "Default" Merchant with 3 Positions
    By gaxisa in forum Deal Bin
    Replies: 7
    Last Post: 11-14-2018, 05:02 PM
  5. Trucking company fed ex does $6.5 M a year has five positions in default
    By mrjames in forum Deal Bin
    Replies: 8
    Last Post: 05-03-2017, 04:53 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

Forum Rules



INDUSTRY ANNOUNCEMENTS
Lendica partners w/ EBizCharge
Pipe plans to fund $1B to SMBs
URBN partners with Stripe

DIRECTORY