Client looking for $175k With Light Stips
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  1. #1

    Client looking for $175k With Light Stips

    I have a client who is a provider of non medical home care (i.e. respite care, light housekeeping for seniors, companion services for seniors, personal care for seniors, etc). Bank statements have average revenue deposits of about $650k per month. Avarage bank balance is about $70k. Client is just finishing up with a 40 week $100k MCA from Bitty. Still owes about $14k. looking for about $175k. Company is behind on their financials and 2023 tax return is on extension. Anyone willing to look at this without stips for tax return and financials. let me know

    Rich Rose
    Rainstar Capital Group
    rich@rainstarcapitalgroup.
    602 309-1007

  2. #2
    Senior Member Reputation points: 8617
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    Quote Originally Posted by Richr7az View Post
    I have a client who is a provider of non medical home care (i.e. respite care, light housekeeping for seniors, companion services for seniors, personal care for seniors, etc). Bank statements have average revenue deposits of about $650k per month. Avarage bank balance is about $70k. Client is just finishing up with a 40 week $100k MCA from Bitty. Still owes about $14k. looking for about $175k. Company is behind on their financials and 2023 tax return is on extension. Anyone willing to look at this without stips for tax return and financials. let me know

    Rich Rose
    Rainstar Capital Group
    rich@rainstarcapitalgroup.
    602 309-1007
    If credit is decent

    kaptius,ondeck, IOU

    on the B side LG, ECG, fintap, fundworks

  3. #3
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    If bitty funded it, efinancial and capybara have given me light stips on 150k before, they'll approve it if bitty approved it.

    It must be a very shirty deal for you to fund it at bitty if you were the one who got him the 1st. Poor guy. He should've shopped around.

  4. #4
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    Quote Originally Posted by Zonefund View Post
    If bitty funded it, efinancial and capybara have given me light stips on 150k before, they'll approve it if bitty approved it.

    It must be a very shirty deal for you to fund it at bitty if you were the one who got him the 1st. Poor guy. He should've shopped around.
    bitty doesnt fund deals like that with bad credit anymore

    however i cant stand them they backdoor 100% , and their how process is just very annoying

  5. #5
    Senior Member Reputation points: 13755
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    Quote Originally Posted by Richr7az View Post
    I have a client who is a provider of non medical home care (i.e. respite care, light housekeeping for seniors, companion services for seniors, personal care for seniors, etc). Bank statements have average revenue deposits of about $650k per month. Avarage bank balance is about $70k. Client is just finishing up with a 40 week $100k MCA from Bitty. Still owes about $14k. looking for about $175k. Company is behind on their financials and 2023 tax return is on extension. Anyone willing to look at this without stips for tax return and financials. let me know

    Rich Rose
    Rainstar Capital Group
    rich@rainstarcapitalgroup.
    602 309-1007
    wouldnt be a problem for us
    Lifetime Funding
    nicholas@lifetimefundingllc.com
    516-604-0609

  6. #6
    intresting send the file over i would love to take a look

    Sam Grossman
    ISO Relations
    C . 347-745-0783
    O . 860-419-7905

  7. #7
    Firstline can potentially offer MCA

    feel free to reach out.
    Direct Funder | FirstLine Advance | New York, NY.

    firstlineadvance.com
    Call us: 646-585-6981
    Email us: subs@firstlineadvance.com

    1st position and up | Snap Funding within 2 hours | No credit checks

    Currently accepting new ISO's!

  8. #8
    ACC will work for files like this especially with the small position. I'll send you guidelines and iso if you PM me

    Quote Originally Posted by Richr7az View Post
    I have a client who is a provider of non medical home care (i.e. respite care, light housekeeping for seniors, companion services for seniors, personal care for seniors, etc). Bank statements have average revenue deposits of about $650k per month. Avarage bank balance is about $70k. Client is just finishing up with a 40 week $100k MCA from Bitty. Still owes about $14k. looking for about $175k. Company is behind on their financials and 2023 tax return is on extension. Anyone willing to look at this without stips for tax return and financials. let me know

    Rich Rose
    Rainstar Capital Group
    rich@rainstarcapitalgroup.
    602 309-1007

  9. #9
    Quote Originally Posted by Zonefund View Post
    If bitty funded it, efinancial and capybara have given me light stips on 150k before, they'll approve it if bitty approved it.

    It must be a very shirty deal for you to fund it at bitty if you were the one who got him the 1st. Poor guy. He should've shopped around.
    we'll fund 2nd + position with poor credit but we look at other factors... not necessarily TR though. will send info if interested.

  10. #10
    i'd love to take a look at it, we fund 2nd+ up to 1MM. 550+ credit, like to have AR or CC available but not necessarily taxes.

  11. #11
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    Quote Originally Posted by Robinhood21 View Post
    bitty doesnt fund deals like that with bad credit anymore

    however i cant stand them they backdoor 100% , and their how process is just very annoying
    Who is your iso rep at bitty?

  12. #12
    Senior Member Reputation points: 7105
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    We are aggressive on 2nd and up, go up to 5MM and do light stips, POO & AR.. reach out for more info

    Alex Peterson
    ISO Relationship Manager, THORO CORP
    E: alex@thorocorp.com
    C: 305-502-9414

  13. #13
    Hi Rich,
    if this deal hasn't been funded yet, send it to me valeriia@ontapcap.com . thanks!

  14. #14
    Would be happy to help without stips send the File over.

  15. #15
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    Quote Originally Posted by damrofunder View Post
    Would be happy to help without stips send the File over.
    Who are you

  16. #16
    Member Reputation points: 1019
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    Good afternoon is this deal still in play? If you haven't tried Essential Funding, please do!

    Richard Kim
    COO
    Essential Funding Group
    rkim@myessentialfunding.com
    917-983-3145


    www.myessentialfunding.com/partners

  17. #17
    Yes stay away from bitty huge back door. Essential funding is awesome

  18. #18
    Greenbox can do up 200k over 10 months with no tax return now

  19. #19
    CAN capital

  20. #20
    Fortune Funding would be able to fund this. Most of our deals only require license and check to fund. If the merchant is still looking for more funding I'd love to get something done.

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