Can anyone assist with funding a previous default - good 2024 banks
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  1. #1

    Can anyone assist with funding a previous default - good 2024 banks

    Have a file for a client that previously consolidated an MCA. Banks are solid for 2024 with good deposits. They are looking for smaller MCA/funding. Let me know if you can help on this one.

  2. #2
    Quote Originally Posted by AMG914 View Post
    Have a file for a client that previously consolidated an MCA. Banks are solid for 2024 with good deposits. They are looking for smaller MCA/funding. Let me know if you can help on this one.
    What's the nature of the business here. (Industry) also the default matter was it resolved?

  3. #3
    The default was consolidated into a debt plan. The company builds metal structures / general contractors.

  4. #4
    If the Debt plan is paid in full? I would like to get eyes on the file, please confirm.

  5. #5
    Quote Originally Posted by NeedmoreISOS View Post
    If the Debt plan is paid in full? I would like to get eyes on the file, please confirm.
    They are currently still paying on it and it's current.

  6. #6
    Senior Member Reputation points: 118209 ridextreme's Avatar
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    Being current with a third party "debt plan" and being current with the funders he defaulted on are two different things.

  7. #7
    I will pass on this one at this time. Once everything is complete we can revisit. Do you have any other files with offers? I am looking to fund competing offers.

  8. #8
    Quote Originally Posted by NeedmoreISOS View Post
    I will pass on this one at this time. Once everything is complete we can revisit. Do you have any other files with offers? I am looking to fund competing offers.
    Send me your contact info please.

  9. #9
    Senior Member Reputation points: 16113
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    I think LCF may do this, I know they will fund behind RAM.

  10. #10
    Problem is there are 2 other funders with 60 day deals already in there along with RAM.

    Threw this one away a couple days ago...

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