Results 1 to 10 of 10
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10-02-2023, 02:21 PM #1
- Join Date
- Oct 2023
- Posts
- 12
Urus Funding - Your new favorite high risk funder
Hey everyone,
Urus Funding is looking to ramp up. We want to be your go to for high-risk files.
Our guidelines:
No 1st positions
No car sales or bail bonds
Trucking & Construction min 50k revenue
No Cali, Utah, or VA
Offers within an hour
Link to courts https://iapps.courts.state.ny.us/nys...eSearchResults
What I can offer you as your rep - responsiveness (whether it's an approval or decline, I will get back to you) and the ability to 2nd voice a file for you if needed.
Lets work. Reach out to get signed up.
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10-02-2023, 02:29 PM #2
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10-02-2023, 02:37 PM #3
- Join Date
- Oct 2023
- Posts
- 12
In a perfect world, everyone would qualify for OnDeck or Kapitus. Unfortunately, we don't live in a perfect world.
The majority of deals that we fund have been declined from other funders. We always make sure to know that the merchant has an actual use for the funds.
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10-03-2023, 12:20 AM #4
- Join Date
- May 2023
- Posts
- 48
Surely seeking out these high risk deals mean that you don't have any clawback clauses for ISO partners as your own internal underwriters are responsible for assessing each deals viability, right? If I'm right I'd be interested in reading over your ISO partnership paperwork.
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10-03-2023, 09:54 AM #5
- Join Date
- Oct 2023
- Posts
- 12
I mean, A-paper funders underwriting teams assess each deal's viability and they still have clawback clauses. Just because we will take on more risks than other doesn't mean we don't protect our money. If we didn't have a clawback clause, what's to stop brokers from coaching merchants to take our money and close their accounts?
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10-03-2023, 11:58 AM #6
- Join Date
- May 2023
- Posts
- 48
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10-03-2023, 12:07 PM #7
- Join Date
- Oct 2023
- Posts
- 12
I'm not here to argue or point fingers. It's completely normal to have clawback clauses in your agreement. If you're looking for a reliable high risk funder, my contact info is in my signature.
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10-03-2023, 12:23 PM #8
- Join Date
- Jul 2015
- Posts
- 215
I would be curious to know how long your terms are? It is one thing for an A paper company to clawback within 30 days on a 12-18 month deal. However it is entirely different to have a 30 day clawback on a 40 day deal.
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10-03-2023, 12:35 PM #9
- Join Date
- Jul 2015
- Posts
- 215
Looking through your court records you seem to charge 10% fees on 50 day deals. In my humble opinion on a deal like that that you pay a broker 10 pts commission, if the client makes even 5 payments you shouldn't claw back.
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10-03-2023, 01:02 PM #10
- Join Date
- Oct 2023
- Posts
- 12
We go out 80 days
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