Results 1 to 7 of 7
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01-13-2024, 03:28 PM #1
- Join Date
- Nov 2023
- Posts
- 14
Funding for Telecommunication Company with Online Only Bank
Hello,
I have a merchant with 600 credit score, 1 1/2 years in business, $35K to $45K in revenue, and is looking for $15K loan (MCA?). Been turned because he uses an online only bank. The name of the bank is called Found, https://found.com. Please let me know if you can help.
Thanks,
Albert
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01-15-2024, 11:03 AM #2
- Join Date
- Dec 2023
- Location
- NJ
- Posts
- 44
not what you want to hear.... but you may want to suggest the merchant to switch his main business deposits to a "traditional" bank and then transfer funds to the online bank... this way he doesn't have to move everything over (payments going out) and in a month or 2 he can get funded by most funders
TMRNOW | A Total Merchant Resources Company
Ariel Avalos – Iso Relations Manager
377 Hoes Lane, Suite 240, Piscataway, NJ 08854
Phone: 347-814-6152 | Email: Ariel@tmrnow.com | Web: www.tmrnow.com
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01-15-2024, 01:24 PM #3
- Join Date
- Nov 2023
- Posts
- 14
Got it. Thank you.
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01-15-2024, 01:36 PM #4
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,995
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
Office: 727-233-1111
Skype: fc-financial
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01-16-2024, 12:46 PM #5
- Join Date
- Nov 2023
- Posts
- 14
Unfortunately none. He is contracted by Spectrum to upgrade telecommunication equipment in his area.
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01-17-2024, 02:17 PM #6
- Join Date
- Nov 2023
- Posts
- 16
Capitalize fund an online bank. You can submit to subs@capitalizegroup.com and mention this thread.
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01-29-2024, 10:11 AM #7
- Join Date
- Jan 2024
- Posts
- 26
tim@c2advance.com ; deals@c2advance.com
Actively seeking new brokers and broker shops to join our growing and reliable network
Direct lenders providing offers in 30 mins
100% ISO
$50k-$500k
12-15 points
B-C paper
Will fund prior defaults if satisfied and over a year old
Accredited business with BBB
HMU today @ 732-757-1832
Tim Geltzeiler
ISO Relations Manager
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