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12-07-2023, 01:08 PM #2
Reputation points: 10476
- Join Date
- Nov 2019
- Posts
- 676
I work for a direct funder. We work with most industries and our first position renewals work kind of like a line of credit. We will fund down to 525-550 fico and sometimes a little lower depending on why the credit is that low and the rest of the files risk. We can approval a file within 1-2 hours on average depending on how many files were submitted at that time. We fund as fast s we can get the stips needed. We also do cc splits especially on poor daily balances files as a first position only that will usually beat any other high risk funders ach approvals. We pay out on the merchants first deals 3-5 days after funding to make sure the first payment clears and the same or next day on renewals. We also have adjustable ach payments for seasonal business. Feel free to reach out to me for a iso agreement.
Scott Platto
scott@tmrnow.com
tmrnow.com
212-220-9872
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