Results 1 to 18 of 18
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02-07-2024, 07:41 AM #1
- Join Date
- Nov 2021
- Location
- Brickell Miami FL
- Posts
- 156
Need a direct funder with no credit pull MCA programs
I have a merchant doing 69K monthly looking for 60K
They’re looking for direct finders who aren’t pulling credit for the cash advance
This would be a 1st position
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02-07-2024, 09:25 AM #2
- Join Date
- Feb 2017
- Posts
- 3,450
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02-07-2024, 09:28 AM #3
- Join Date
- Nov 2021
- Location
- Brickell Miami FL
- Posts
- 156
The personal score is north of 700, but yes, they don’t want the hard pull
They own a freight company
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02-07-2024, 10:04 AM #4
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,493
Triumph Business Credit-Factor that.
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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02-07-2024, 10:19 AM #5
- Join Date
- Feb 2017
- Posts
- 3,450
If they're not already factoring and they have AR, then get a factor.
You can utilize that 700 FICO and who cares about the inquiries to get a bunch of 0 APR business credit cards.
You are not getting a 60k MCA with no credit pull for freight. Each one of those 3 strikes on its own is hard, together that's impossible.
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02-07-2024, 11:15 AM #6
- Join Date
- Dec 2023
- Posts
- 21
We can help here. Feel free to reach out if you are still looking for an offer for this merchant.
Jacquelline Bogdanov
ISO Relations, Uptop Finance
E: jacquelline@uptopfinance.com
C: 929-265-5706
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02-07-2024, 11:20 AM #7
- Join Date
- Dec 2023
- Location
- NJ
- Posts
- 41
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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02-07-2024, 11:43 AM #8
- Join Date
- Nov 2021
- Location
- Brickell Miami FL
- Posts
- 156
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02-07-2024, 11:44 AM #9
- Join Date
- Nov 2021
- Location
- Brickell Miami FL
- Posts
- 156
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02-07-2024, 11:46 AM #10Mike Guiliano
ISO Relations Manager
(786) 629-5771
3111 N University Blvd Suite 604
Coral Springs, FL
michael@cornerstonefundingllc.com
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02-07-2024, 12:33 PM #11
- Join Date
- Jan 2024
- Posts
- 6
sent you a dm
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02-07-2024, 12:46 PM #12
- Join Date
- Feb 2017
- Posts
- 3,450
Nobody here will do 60k on a freight deal that's grossing 69k monthly.
Beware: If the client wants "no credit pulled ever", or if he wants "approval before credit is pulled", those are two separate things.
I'm not an underwriter, but the max offer certainly won't be 60k.
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02-07-2024, 01:16 PM #13
the fact the op even made this request implies he's green.
given the industry & ask relative to gross deposits, his 700 fico is the best thing the file has going for it.
Many of the A paper 1st pos funders do not ever do a hard inquiry that will show up on the client's report....only soft pull before offer. If the client refuses to even unlock his credit profile this is a different battle. then you definitely wont get close to 60k - on a no credit pulled offer. Again, the guys credit is probably the best thing about the file given the unrealistic ask.
Would recommend taking the time to speak with your rep at the a/b paper funders you have the best relationship with, so you can have a detailed idea of what their credit/background process is not only for situations like this, but bc it will be different for all of them.Last edited by fundinggrasshopper; 02-07-2024 at 01:19 PM.
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02-07-2024, 02:48 PM #14
- Join Date
- Sep 2021
- Posts
- 190
They gonna pull credit lmfaooo
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02-07-2024, 02:48 PM #15
- Join Date
- Dec 2023
- Posts
- 29
Does he have any mca history? even a satisfied judgement? if so I can take a look.
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02-07-2024, 02:52 PM #16
- Join Date
- Nov 2021
- Location
- Brickell Miami FL
- Posts
- 156
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02-07-2024, 03:36 PM #17
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02-08-2024, 01:37 PM #18
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