Who funds behind reverses?
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  1. #1

    Who funds behind reverses?

    Does anyone still fund behind reverses?

  2. #2
    Member Reputation points: 48 joey funds's Avatar
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    Reach out to discuss

    🚀🚀🚀🚀🚀🚀🚀
    Joey Andreoni
    Rocket Capital
    (C)848-318-2721
    (O)786-954-5086
    Joey@rocketcapllc.com
    https://rocketcapllc.com/

  3. #3
    are u a direct funder

  4. #4
    Member Reputation points: 48 joey funds's Avatar
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    Yes
    Joey Andreoni
    Rocket Capital
    (C)848-318-2721
    (O)786-954-5086
    Joey@rocketcapllc.com
    https://rocketcapllc.com/

  5. #5
    Member Reputation points: 1008
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    If the reverse deposits are done and only has the debits running, we can consider a review.

    Shoot me an email so we can send over our UW guidelines. Looking forward to working with you.

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


    www.myessentialfunding.com/partners

  6. #6
    Senior Member Reputation points: 90564 Olderguy's Avatar
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    Find out if they have any assets we can take these all out.
    Real Estate
    Equipment A/R aging
    Personal assets

    In trouble and putting him in more trouble isn't really the best option. And if you really want to help this merchant, reach out and I'm willing to do a conference call to see how we can repair the mess they have themselves. And at the same time you might learn about other loan options for merchants you might run into that are in the same situation in the future.

    A reverse isn't the answer. And loan against a reverse isn't the answer either.
    Last edited by Olderguy; 09-17-2024 at 06:08 PM.
    Steve Benjamin
    Professional Business Loans

    522 Contessa
    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    Broker, Underwriter, general business loan expert
    949.228.1050


    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 9.5% and up
    @ Equipment financing up to 7 years
    @ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Private money equity and debt for major investments
    @ Personal Loans up to gross income from personal tax return.

  7. #7
    Senior Member Reputation points: 1755
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    lol try playing uno. Throw down a reverse card on the reverse. See what happens.
    Elon Henek
    HCI - Glen Cove, NY
    Main: 1-516-676-1854
    Cell: 1-516-236-4086
    www.henekconsulting.com

  8. #8
    yikes.. this is not going to end well


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

  9. #9
    Member Reputation points: 10
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    We can potentially, (side account?)
    Give me a call, or text
    MNY Capital
    T: (646) 598-9380
    E: Jacob@mnycapital.com
    W: https://mnycapital.com/

  10. #10
    Will do.
    needs to have high revenue.
    Abe Siegel

    ISO Relations Manager
    Meged Funding Group

    abe@megedfunding.com
    732.267.4797

    www.MegedFunding.com

  11. #11
    this is exactly why we stopped doing reverses... they negate the whole reason they took a reverse in the first place by taking out more funding
    TMRNOW | A Total Merchant Resources Company
    Ariel Avalos – Iso Relations Manager
    377 Hoes Lane, Suite 240, Piscataway, NJ 08854
    Phone: 347-814-6152 | Email: Ariel@tmrnow.com | Web: www.tmrnow.com

  12. #12
    Senior Member Reputation points: 4599
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    Quote Originally Posted by Ehenek View Post
    lol try playing uno. Throw down a reverse card on the reverse. See what happens.
    haha..great analogy!
    Shannon Harris
    Funding Specialist
    888-705-8818 phone
    239-790-2664 fax
    Shannon@StellarBusinessFunding.com
    www.stellarbusinessfunding.com

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