Who will fund NAMAA merchants w/ resolved disputes?
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  1. #1
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    Who will fund NAMAA merchants w/ resolved disputes?

    I have a merchant on NAMAA for a default.

    But merchant has paid off the balance. Bank refuses to take merchant off NAMAA because they "re-sold their receivables" to another company. Stacking is rampant so not sure why they got singled out.

    Any suggestions?

  2. #2
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    if its a paper then on deck , and most of the b/c paper funders do not use namaa .

  3. #3
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    Any suggestions on those funders which don't?

  4. #4
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    Quote Originally Posted by Quickfunder View Post
    Any suggestions on those funders which don't?
    http://northamericanmaa.org/category/our-members/

    ^Those.

  5. #5
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    I've had 2 files where a funder had placed the merchant on NAMAA to protect the file. With some digging we were able to have a decline overturned and the other went through OD.

  6. #6
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    Curious why OD would be a good consideration. They seem especially tight on underwriting. I've had declines based on D&B ratings when the personal credit was good.

  7. #7
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    Quote Originally Posted by Quickfunder View Post
    Curious why OD would be a good consideration. They seem especially tight on underwriting. I've had declines based on D&B ratings when the personal credit was good.
    You asked for funders that don't care about namaa. Ondeck doesn't check namaa. That is why I said it.

  8. #8
    The namaa list doesn't include CAN, On deck, Kabbage , Amex, and several others. I would think anyone who isn't a member of namaa would not utilize that database for a decision on a file-

  9. #9
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    Give me a call. I can easily get this done for you. 516-282-0933 or email at asaracino@yellowstonecapllc.com. Looking forward to hearing from you.

    Anthony

  10. #10
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    Actually, a lot of funding companies that are not part of NAMAA still have access to that list and utilize it. This includes B/C paper companies like Everest, Golden Pear, and Wall Street. I know for a fact that they all use it. If you are looking for A paper to fund it I would try: Cap Rock or CAN Capital

    B/C paper: I would try Lendini
    Second place? Set of steak knives.

  11. #11
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    I don't believe that to be true for all the companies listed, I just had a deal I was informed by NAMAA member it was on the list. One of the above mentioned companies made an offer, NAMAA wasn't mentioned until I brought it up.

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