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11-10-2013, 05:45 PM #18
Reputation points: 13
- Join Date
- Nov 2013
- Location
- New York, New York
- Posts
- 21
Merchant has equipment/collateral. Who do you recommend?
I know the company very well. The only way you are going to get 2-3 day turn around financing is if they are liening vehicles and it isn't a sizeable request. (Under 30k) Or if the deal is done naked. Real property takes MINIMUM 7-10 days...backtitle, title insurance etc ect. Their credit risk team has tightened alot, as well as the application process now requires a little more than 12 months statements and an app. However, they are doing up to 100k unsecured now...if you have excellent cashflow, credit and low voilatility of deposits.