Results 1 to 25 of 38
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06-25-2024, 04:24 PM #1
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- Mar 2024
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- 4
Microdeal D paper lenders?
Who looks at bad files under 20k?
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06-25-2024, 04:43 PM #2
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06-25-2024, 04:46 PM #3
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- Aug 2018
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- 882
Vader funds **** files.
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06-25-2024, 04:46 PM #4
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- Aug 2018
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- 882
Also, wide merchant funding.
Don't forget mantis. They fund ****.
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06-25-2024, 04:46 PM #5
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- Jan 2018
- Posts
- 519
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?
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06-25-2024, 04:57 PM #6
- 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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06-25-2024, 04:58 PM #7
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.
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06-25-2024, 05:01 PM #8
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- Nov 2019
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- 691
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06-25-2024, 05:01 PM #9
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- Aug 2018
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- 882
Ironwood will also fund these **** files
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06-25-2024, 05:03 PM #10
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- Jan 2018
- Posts
- 519
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....
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06-25-2024, 05:06 PM #11
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- Mar 2024
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- 255
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06-25-2024, 05:14 PM #12
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- Mar 2024
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- 4
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.
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06-25-2024, 05:18 PM #13
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06-25-2024, 05:22 PM #14
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- Jan 2018
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- 519
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06-25-2024, 05:26 PM #15
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- Aug 2018
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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.
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06-25-2024, 05:27 PM #16
- Join Date
- Aug 2018
- Posts
- 882
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.
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06-25-2024, 05:32 PM #17
Mantis doesnt fund those kinds of deals anymore
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06-25-2024, 05:33 PM #18
I recommend east shore if the revenue is collectable especially for deals with merchant processing or commercial a/r
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06-26-2024, 09:58 AM #19
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- Aug 2023
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- 2
anyone have a contact at vader?
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06-26-2024, 10:33 AM #20
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- Feb 2017
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- 3,463
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06-27-2024, 09:50 PM #21
- Join Date
- Aug 2021
- Posts
- 13
Check out mark@limelightadvance.com. We offer microfunding ranging from $2,000 to $1,000,000 with a minimum monthly deposit of $15,000.
Last edited by Gofund; 07-17-2024 at 12:49 PM.
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06-28-2024, 09:59 AM #22
- Join Date
- Mar 2024
- Posts
- 21
Honest is also pretty good about these files for us. Super quick, and typically just DL VC
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06-28-2024, 10:08 AM #23
- Join Date
- Jun 2024
- Posts
- 26
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.
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07-05-2024, 06:47 PM #24
- Join Date
- Mar 2023
- Posts
- 54
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07-06-2024, 10:51 AM #25
- Join Date
- Aug 2018
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