Second Position Funders
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  1. #1

    Second Position Funders

    I am looking for good second position funders besides Everest. Trying to add a couple more into the mix that offer competitive second positions. I.E 6 month 1.35-1.40 range.

  2. #2
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    Quote Originally Posted by Funding101 View Post
    I am looking for good second position funders besides Everest. Trying to add a couple more into the mix that offer competitive second positions. I.E 6 month 1.35-1.40 range.
    Would like to throw my hat into the ring. We'll do 2nds with competitive buy rates far below the range you mentioned. Feel free to shoot me an email and we'll begin building our relationship.

  3. #3
    Hi there,

    Depending on the type of industry / age of business / financials, Vital should be able to get you great offers on 2nd's (ACH, CC / lockbox).

    - 100% Direct lender (no sales team)
    - Super responsive customer service
    - Fast turnarounds (underwriting through funding)
    - Great rates 1st-3rd position
    - We never share or broker your deals

    Feel free to call / shoot me an email for our full ISO package.

    Best of luck,
    ​Ron Hizkiyahu
    Business Development & ISO Relations

    VitalCap Fund | 48 Wall St. | New York, NY 10005
    P. 212.994.6996 Ext.101 | F. 646.219.7949
    ron@vitalcapfund.com

  4. #4
    World Business Lenders will take on a second or third position, if the client has real estate collateral. Property does not have to be free and clear, just has to have enough net equity and business revenue to justify loan amount. We have fairly competitive rates as well. It takes a tad bit longer to close and fund due to BPOs and Title work but we can loan up to 3 times the monthly revenue. In a second position, the debt to income ratio is also considered in the amount that it is approved. I would love to work with you, if you have deals that look like they could fit into this program.


    Denny Applewhite
    ISO Relationship Manager
    World Business Lenders - Frisco, TX Branch
    rapplewhite@wbl.com
    972-935-1489

  5. #5
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    If it helps...I am a direct, private lender and can consolidate first, second or more positions. 1.31 over twelve months

    $50k - $1M + loan amounts.

    Client needs to be able to show they can realistically afford the payments and get off the crack of MCA loans. :-)

    Let me know if you would like to discuss

    Dan Page
    Direct: (303) 938-8280

  6. #6
    Good evening,

    1st Merchant Funding offers competitive second positions with aggressive buy-rates, creative pricing, and awesome service. I would love to chat and show you what we can do for you.

    I look forward to hearing from you.

    Direct - 305-974-1797

  7. #7
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    Second Position Funders

    Hi Dan

  8. #8
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    Cool

    my firm does 1st 2nd 3rd
    on A B C paper. i think we can get you covered....
    or more info.......
    check me @ kbriggs@capitalpartnersnetwork.com

  9. #9
    Quote Originally Posted by Funding101 View Post
    I am looking for good second position funders besides Everest. Trying to add a couple more into the mix that offer competitive second positions. I.E 6 month 1.35-1.40 range.
    LoanMe takes 2nd position. We are a direct lender offering unsecured business loans with MONTHLY payments. We do not have any restricted industry types or SIC codes as long as they are a "For Profit" business. Loan sizes range from $3,500-$100,000 with terms from 24-180 months. There is never any pre-payment penalties, so borrowers can pay off their principal balance at anytime avoiding future interest charges. By paying off early/6 months, good borrowers can fall into this 1.35-1.40 factor range.

    Please contact us for more information.
    LoanMe Business
    949-535-7798
    Email: Business.Loans@LoanMe.com




    www.loanme.com/SBL-partner
    1900 S State College Blvd. Suite 300
    Anaheim, CA 92806

  10. #10
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    LoanMe, you guys won't fund an LLC? What's the story there?

  11. #11
    Please reach me on my direct line tomorrow so we can discuss
    Christina Rossi
    Business Development
    Account Executive
    Tel: 866-629-4464 ext 229
    Fax: 917-368-6943
    Crossi@maxadvance.com
    www.maxadvance.com

  12. #12
    Senior Member Reputation points: 290 1StopFunding's Avatar
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    Second Position Funders

    Lendini, QuarterSpot, Smart Business Funding, TVT Capital, New Era
    Last edited by 1StopFunding; 09-16-2015 at 04:55 PM.
    Cheryl Tibbs- General Manager
    Equipment LeaseCo Inc
    www.equipmentleaseco.com

  13. #13
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    only spot to go to is Yellowstone for 2nd's

    Avi Dahan is great over there

  14. #14
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    Hi Bob! Hope all is well with you.

  15. #15
    I'd be happy to talk if you are interested in syndicating.

  16. #16
    Quote Originally Posted by KTK View Post
    LoanMe, you guys won't fund an LLC? What's the story there?
    As a Direct Lender (subject to lending laws) we have to follow state by state guidelines, ensuring we are not violating any types of laws in that specific state. In general we DO fund LLC's unless the state restricts that business type for our type of loan.
    LoanMe Business
    949-535-7798
    Email: Business.Loans@LoanMe.com




    www.loanme.com/SBL-partner
    1900 S State College Blvd. Suite 300
    Anaheim, CA 92806

  17. #17
    Senior Member Reputation points: 32550 Funder Mark's Avatar
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    Quote Originally Posted by bizloanbroker View Post
    only spot to go to is Yellowstone for 2nd's

    Avi Dahan is great over there
    Really??? And why should anyone go directly for Yellowstone, when there have already been 5+ 2nd position funders mentioned?

  18. #18
    Veteran Reputation points: 135672 Chambo's Avatar
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    Quote Originally Posted by Funder Mark View Post
    Really??? And why should anyone go directly for Yellowstone, when there have already been 5+ 2nd position funders mentioned?
    Wow, somebody doesn't like Avi....

  19. #19
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    Second Position Funders

    We can do seconds if the banks say they can handle it. Also we can pay off a small balance and set them up as a new 1st position. Our rates are around the terms you stated but can go lower depending on the file.

    Mike@SamsonPartnersLLC.com
    347-492-1801

  20. #20
    Give us a call. Cooper's pricing tends to be very close to Everest's on 2nd's for C/B- type paper-

    Robert S Bloink
    EVP of ISO Partnerships
    Direct: 313-218-4663
    Email: bb@cooperasset.com
    Web: www.cooperasset.com
    logo-01smaller.jpg

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