[HonestPerson]

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?

[Michael Jagiello BGF]

There's not many mca lenders that'll touch this one, you might want to try LoanMe

[HonestPerson]

loan me requires merchant to be discharged. not much expectation for this one

[Mike Z]

You might try:

Dan Page
303-938-8280

I don't know if he can help, but he'll bw straight with you.

[pmoney]

Accounting + Tax Service
Gross about 200K/month
Has 2 advances EBF ( 33K balance ) YSC ( 28K balance )

Bankruptcy filed on 7/13, has large tax lien with payment plan.
Looking for about 50K. Anyone think they can do it?

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

[FCF Fund]

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.

[FUNd]

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.

Agree. And why, for the love of Allah, when you just f****d off all your creditors, and are in the middle of doing so...are you out looking to borrow more money?

[dpFund]

You might try:

Dan Page
303-938-8280

I don't know if he can help, but he'll bw straight with you.

Thank you very much Mike. And yes, absolutely will be straight! Tax lien with a confirmed payment plan in place is not a deal killer. But recent BK is definitely a deal killer. But I appreciate you thinking of me! :-)

[Chambo]

Accounting + Tax Service
Gross about 200K/month
Has 2 advances EBF ( 33K balance ) YSC ( 28K balance )

Bankruptcy filed on 7/13, has large tax lien with payment plan.
Looking for about 50K. Anyone think they can do it?

7/13...as in July 2013, or July 23rd of this year? Merchant Cash Group is the only one I would think would do this

[Chambo]

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 212-220-3892, or via email pmarzolla@wbl.com

you guys won't do a deal on open BK man....cut it out

[AndyYSCISOdept]

you guys won't do a deal on open BK man....cut it out

Word! Although if the BK is open I didn't think EBF would touch it either?

[RichardGerard]

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

[mcaguru]

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.

[HonestPerson]

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 )

[AndyYSCISOdept]

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 )

EBF and FBF are the same thing....but now there is only EBF, used to have EBF North which was previously known as FBF.

[AndyYSCISOdept]

EBF and FBF are the same thing....but now there is only EBF, used to have EBF North which was previously known as FBF.

Speaking of EBF has anyone had any experience with their new "deal ownership rules/clauses" yet, good or not as good? I think it was a bold move.

[Michael I]

7/13...as in July 2013, or July 23rd of this year? Merchant Cash Group is the only one I would think would do this

mcg wont do third position , or payoff that much .
come on chambo you usually know

[AndyYSCISOdept]

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.

[Michael I]

Speaking of EBF has anyone had any experience with their new "deal ownership rules/clauses" yet, good or not as good? I think it was a bold move.

definitely a bold move and i am sure they are losing submissions

[AndyYSCISOdept]

Well that's why I was asking.

[Chambo]

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 )

EBF (Everest) funded a deal already funded by FBF (Fast Business Funding, or EBF North)? Really?

[HonestPerson]

EBF (Everest) funded a deal already funded by FBF (Fast Business Funding, or EBF North)? Really?

Looks like it was previously FBF and changed to EBF after renewal... daily ach stayed the same.

[MFS-Global]

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.

[pmoney]

you guys won't do a deal on open BK man....cut it out

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.