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06-29-2023, 03:12 PM #1
- Join Date
- Jun 2023
- Location
- Miami/Queens
- Posts
- 25
Your Direct Lender
Im a direct lender, what i can promise you is good pay, swift responses and competitive rates.
so, a little about our company...
Our Box:
B-D paper
- Funding up to 2 Million (On one Contract)
- Paying up to 13 points (depending on the file)
- Up to 7 or 8 positions (maybe more depending on the file)
- Terms goes as far out as 120 days
- Must to do a minimum of 20k+ a month in revenue to qualify
- Minimum of 4 deposits per month
- Negative days up to 7 days per month OR more if they have Overdraft Protection
Restricted Industries:Lawyers, Trucking (must have 70k+ in deposits)
DEFAULTS-
- Default deals pay 8 Points!
- We can't fund a default if it was within the last 3-4 months. Anything prior to that is fine.
- Judgments must either be satisfied or on some sort of a payment plan.
- Minimum rev of 20k+ a month in order to qualify (Funding up to 300k on this platform)
- Maximum of 8 negative days with no overdraft protection
- Minimum of 6 deposits per month
- Must be 18 months after a dismissed bankruptcy
- Must be 6 months after a discharged bankruptcy
Submission Instructions:
Email: nick@pinnacleadvances.com
Subject: "New Submission: (Deal Name):
Requirements:
3 Months Bank Statements
Signed Application
Minimum: 20K Revenue
Deal Flow Procedure:
Submission:
Offer (usually less than an hour)
Approval or Decline (if decline with explanation)
If ISO would like to adjust an offer for example: lower dollar amount for longer terms, simply respond to email with your request and when possible we will try to accommodate
Merchant accepts deal - ISO sends stips (outlined in approval email)
Contracts are sent out: to merchant with ISO in copy (done within 15 min)
Once contracts are signed - file is sent to Login Verification team (within 30-45min)
Funding Call (everything is always clearly discussed and explained to merchant)
Thank You
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