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11-13-2015, 04:09 PM #1
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Any funders for recent bankruptcy + tax lien?
Accounting + Tax Service
Gross about 200K/month
Has 2 advances EBF ( 33K balance ) YSC ( 28K balance )
Bankruptcy filed on 7/2013 ( discharged ), has large tax lien with payment plan.
Looking for about 50K. Anyone think they can do it?Last edited by HonestPerson; 11-16-2015 at 04:56 PM.
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11-13-2015, 04:17 PM #2
There's not many mca lenders that'll touch this one, you might want to try LoanMe
Michael Jagiello
Director of Client Acquisitions
Blue Granite Funding LLC
mjagiello@bluegranitefunding.com
1(718)873-6407 Cell
1(917)791-8911 Fax
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11-13-2015, 04:36 PM #3
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loan me requires merchant to be discharged. not much expectation for this one
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11-13-2015, 04:50 PM #4
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- Sep 2015
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You might try:
Dan Page
303-938-8280
I don't know if he can help, but he'll bw straight with you.
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11-13-2015, 05:28 PM #5
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11-13-2015, 04:54 PM #6
If they have real estate which can be pledged as collateral I'd definitely like to learn more; commercial, residential, and land are all acceptable sources. Also, knowing more about the tax lien, such as the amount of the lien and the current repayment plan, are equally important. If you'd like to discuss it give me a call at 201-210-8552 or paul@oracleloans.com
Last edited by pmoney; 02-08-2016 at 10:59 AM.
Paul Marzolla
CEO @ GreenBridge Loans
______________________________________________
Main: (800) 677-5771
Email: paul@greenbridgeloans.com
Connect with me on LinkedIn
Click to download our Partner Agreement
______________________________________________
GreenBridge Loans
221 River St, 9th Fl
Hoboken, NJ 07030
www.greenbridgeloans.com
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11-13-2015, 06:47 PM #7
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11-16-2015, 09:04 AM #8
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11-17-2015, 06:37 PM #9
I was under the impression it was discharged, typically BK's don't stay in limbo for 2+ years after being filed, it's more like a few months to a year at most... And yes you're correct, we will not fund a deal with an open BK, however, we will do it even only 1 day out of BK.
Paul Marzolla
CEO @ GreenBridge Loans
______________________________________________
Main: (800) 677-5771
Email: paul@greenbridgeloans.com
Connect with me on LinkedIn
Click to download our Partner Agreement
______________________________________________
GreenBridge Loans
221 River St, 9th Fl
Hoboken, NJ 07030
www.greenbridgeloans.com
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11-13-2015, 04:54 PM #10
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I would save Dan's time and not bother. Open BK is usually a red flag, most BK do not allow for additional liabilities like this to be included and his higher risk for lenders.
If the BK is discharged or dismissed you may have a chance with some lenders. Open BK I would just send to YSC.
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11-13-2015, 05:12 PM #11
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11-13-2015, 06:46 PM #12
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11-16-2015, 04:02 PM #13
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11-16-2015, 09:18 AM #14
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If the BK is open nobody can touch the paper as it can be included in the subsequent discharge in Federal Court. If the BK was filed and discharged in 7 of 2013 there is likely something that can be done...
Richard 516 510 3855
www.businesscapitalconsultants.com
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11-16-2015, 10:34 AM #15
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Can never hurt to send a file to Cresthill Capital. Offers in 3 HOURS and worse case a decline, our Underwriting of dozen plus salaried people and are happy to underwrite. We have never complained to an ISO about closing ratio.
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
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Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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11-16-2015, 03:03 PM #16
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Already sent and declined by mantis/cresthill. I believe bankruptcy is filed july 2013...
Somehow got 3 advances in the last few months from ebf ( pays off fbf ), fast business, and ysc )Last edited by HonestPerson; 11-16-2015 at 03:12 PM.
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11-16-2015, 03:36 PM #17
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11-16-2015, 03:50 PM #18
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11-16-2015, 04:17 PM #19
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11-16-2015, 07:04 PM #20
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11-16-2015, 08:06 PM #21
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11-16-2015, 04:05 PM #22
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I don't think anyone is going to consolidate 2 poisiotns on a deal that got money from eBF and us that has a BK in its past, just doesn't seem like a winner. But who knows, obviously not my main man Chambo.
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11-16-2015, 04:34 PM #23
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Well that's why I was asking.
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11-17-2015, 03:05 PM #24
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EBF and FBF/EBFnorth are the same company, I've seen them change the name on the ACH to EBF from Fast Business in some of the deals that were submitted here. It's probably cause they merged the 2 companies into 1, still the same book for them.
As far as the deal goes, open BK or not we'll be able to get it done as long as their banks look good.
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