Funds Even with Judgment
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  1. #1
    Senior Member Reputation points: 23718
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    Quote Originally Posted by Fundyman View Post
    Who funds a merchant regardless of the amount of a judgment?

    I have a merchant who was just about to get funded when a judgment for $585K showed up on the CBR at the last second. Qualified for $75K otherwise.
    What's the judgment for? If it's a loan or lease, put the file in the shredder.

  2. #2
    Senior Member Reputation points: 20465 Fundyman's Avatar
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    Quote Originally Posted by FUNd View Post
    What's the judgment for? If it's a loan or lease, put the file in the shredder.
    Guess the MCA option is out of the question for the guy... I have secured options for him, but that takes weeks. The funny thing is he was using the funds as part of a payment for the same company that had issued the judgment, and they were perfectly fine with in. Now the funds aren't available any more!

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