[ONEFUND]

Business in HVAC
3-3.5M annually in gross receipts
600 fico score

Has one position with a reputable lender. Merchant lowered payment over 6 months ago and the lender never asked them to go back on orig. payments. Payments were lowered due to a temporary hardship within the business. Their balance is now 16K. He's now trying to get a deal in the 75-100k range 8+ months and is having trouble finding one that doesn't get killed in final.

Any ideas on who might jump on this file?

[FundingCaptain]

once they put the payments back to normal for at least 2 weeks id be able to help here

[Robinhood21]

Business in HVAC
3-3.5M annually in gross receipts
600 fico score

Has one position with a reputable lender. Merchant lowered payment over 6 months ago and the lender never asked them to go back on orig. payments. Payments were lowered due to a temporary hardship within the business. Their balance is now 16K. He's now trying to get a deal in the 75-100k range 8+ months and is having trouble finding one that doesn't get killed in final.

Any ideas on who might jump on this file?

cfg but the offer wont be crazy

[Olderguy]

Any equipment we can do cash out on?

[STAR CAP]

I can take a look at the file but I am not going out 8 months. My max term is 6 months

David Z
Star Capital Solutions
david@starcapitalsolutions.org
347-877-5932
Chief Executive Officer
14 Wall St
New York, NY 10005

[NotALoan]

"Merchant lowered payment over 6 months ago and the lender never asked them to go back on orig. payments. Payments were lowered due to a temporary hardship within the business."

It's the merchant's responsibility to reach out to the funder to go back on normal payments, the same way he reached out to them to ask them to lower payments. Other funders are going to see that he is no longer in a "hardship" but has conveniently forgotten to let the lender know they can afford the original payments again. Why would a funder fund someone who is still on lower payments and not fulfilling their original contractual obligation just because they don't feel like it?

[Robinhood21]

"Merchant lowered payment over 6 months ago and the lender never asked them to go back on orig. payments. Payments were lowered due to a temporary hardship within the business."

It's the merchant's responsibility to reach out to the funder to go back on normal payments, the same way he reached out to them to ask them to lower payments. Other funders are going to see that he is no longer in a "hardship" but has conveniently forgotten to let the lender know they can afford the original payments again. Why would a funder fund someone who is still on lower payments and not fulfilling their original contractual obligation just because they don't feel like it?

You're very naïve a lot new funders in this game and dont care anymore they just fund

[fundinggrasshopper]

You're very naïve a lot new funders in this game and dont care anymore they just fund

Agreed 8+ months unlikely but 50k 5-6 months could easily be secured,
IMO
you're better off disclosing the situation in full rather than getting a good offer and having them find out in final.

[FCG]

if he did it once, he'll do it again

[sam grossman]

i might be able to help out
Sam Grossman
ISO Relations
C . 347-745-0783
O . 860-419-7905
Sam@raptoradvance.com
www.raptoradvance.com

[NotALoan]

You're very naïve a lot new funders in this game and dont care anymore they just fund

Barring your near-illegible post, your response doesn't negate anything I said in my post. I wasn't speaking about all these new "funders" (many of which are brokers posing as funders to the merchant), I was speaking about the established, quality funders you actually WANT your merchant to work with.