[GodspeedVG]

Who looks at bad files under 20k?

[JonathanHendrix]

Who looks at bad files under 20k?

LCF or Bitty is probably safest bet with those kinds of files.

A lot of the high risk dudes in that sector are terrible to work with.

[Zonefund]

Vader funds **** files.

[Zonefund]

Also, wide merchant funding.

Don't forget mantis. They fund ****.

[pcfunder]

LCF or Bitty is probably safest bet with those kinds of files.

A lot of the high risk dudes in that sector are terrible to work with.

Isn't Bitty difficult to deal with as well? Don't they take awhile to respond to emails/phone calls and take 24 hours to fund? I also heard they kill a lot of deals in the back end... just out of curiosity whats the difference between Bitty and the "terrible high risk" dudes?

[Yankeeman07]

Who looks at bad files under 20k?

Details on what makes the file "Bad"

2nd - What amount is the merchant seeking?

3rd - do they accept credit cards?

[JonathanHendrix]

Isn't Bitty difficult to deal with as well? Don't they take awhile to respond to emails/phone calls and take 24 hours to fund? I also heard they kill a lot of deals in the back end... just out of curiosity whats the difference between Bitty and the "terrible high risk" dudes?

Reason Bitty kills a lot on the back end is cuz they have an automated program to spit out a basic approval on the front end.

From what I remember once you do decision logic they get an actual human to finalize underwriting and it can get killed.

And the reason I distinguish Bitty from the terrible high risk dudes is that they pay commission and from the deals I've done with them I haven't seen double debits or anything totally outrageous.

Usually relatively good on term & dollar amount as well, not bad to use to build up a file and collect some ZBL's.

Definitely don't fully trust them but I would use them.

[closer129]

Who looks at bad files under 20k?

How much below 20k and why is it d Paper

[Zonefund]

Ironwood will also fund these **** files

[pcfunder]

Reason Bitty kills a lot on the back end is cuz they have an automated program to spit out a basic approval on the front end.

From what I remember once you do decision logic they get an actual human to finalize underwriting and it can get killed.

And the reason I distinguish Bitty from the terrible high risk dudes is that they pay commission and from the deals I've done with them I haven't seen double debits or anything totally outrageous.

Usually relatively good on term & dollar amount as well, not bad to use to build up a file and collect some ZBL's.

Definitely don't fully trust them but I would use them.

ahhh gotcha. I thought you were talking about high risk funders who kill on back end or take awhile to fund/underwrite. I didn't know you were talking about the ones who steal commission or do shady things, those are funders people should obviously avoid. I always wondered why people flip out on smaller funders for taking longer than 15 minutes to get a contract out or for killing a deal after finding a default when "you should have searched the courts in the first place!!!!!" as if the brokers time was wasted not the funder who wasted all of that time just because the ISO hid a default and tried to sneakily push it on someone hoping they wouldn't notice whereas you have funders like Bitty who can take 4 hours to get contracts out, 24 hours to send a wire, 5 hours to give an update on contracts in, and everyone seems to be A okay with that.... Marketing is one hell of a thing I'll tell ya....

[diditevenfund]

Isn't Bitty difficult to deal with as well? Don't they take awhile to respond to emails/phone calls and take 24 hours to fund? I also heard they kill a lot of deals in the back end... just out of curiosity whats the difference between Bitty and the "terrible high risk" dudes?

Bitty is a complete joke. Lol

[GodspeedVG]

Referring to **** files in general: 10-15k revenue, bad balances, negative days, trucking/construction, etc. Would generally get declined by any respectable lender, just wondering if there's anyone here that do bottom of the barrel.

[JonathanHendrix]

ahhh gotcha. I thought you were talking about high risk funders who kill on back end or take awhile to fund/underwrite. I didn't know you were talking about the ones who steal commission or do shady things, those are funders people should obviously avoid. I always wondered why people flip out on smaller funders for taking longer than 15 minutes to get a contract out or for killing a deal after finding a default when "you should have searched the courts in the first place!!!!!" as if the brokers time was wasted not the funder who wasted all of that time just because the ISO hid a default and tried to sneakily push it on someone hoping they wouldn't notice whereas you have funders like Bitty who can take 4 hours to get contracts out, 24 hours to send a wire, 5 hours to give an update on contracts in, and everyone seems to be A okay with that.... Marketing is one hell of a thing I'll tell ya....

I agree with you, lot of garbage in this industry.

Just gotta find a few legit people and keep that train running

[pcfunder]

I agree with you, lot of garbage in this industry.

Just gotta find a few legit people and keep that train running

you said it brotha homie g

[Zonefund]

you said it brotha homie g

I think the old owner of rapid capital funding (theyre select funding now?) is involved there. Its only a matter of time until they're very succesful. They already intro'd big bitty for larger deals. Lets see what happens. Their UW sucks imo (too picky). But it may just be my experience. I've sent them a handful of deals since 2014.

[Zonefund]

Torro is good too correct?

Is it true anthony ****ing saracino got fired at delta and is at Torro now? How is he living there? The mans skills dont match up with them. Hes a beast.

[fundinggrasshopper]

Mantis doesnt fund those kinds of deals anymore

[fundinggrasshopper]

I recommend east shore if the revenue is collectable especially for deals with merchant processing or commercial a/r

[Lets fund]

anyone have a contact at vader?

[abfunders]

anyone have a contact at vader?

They are a part of Everest. I don't think they're taking on new ISOs if I'm not mistaken. I think you will need to co-broker with someone.

[Gofund]

Check out mark@limelightadvance.com. We offer microfunding ranging from $2,000 to $30,000 with a minimum monthly deposit of $15,000.

[Mikefunds]

Honest is also pretty good about these files for us. Super quick, and typically just DL VC

[NeedmoreISOS]

Seamless | CapitaWize | Pathway | CFG |App-Beta

These company's listed above will 100% Handel files within that range.
Quick search online you can find them easily & contact for sign up.