What lender does not care about nsf's?
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  1. #1
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    What lender does not care about nsf's?

    I have a client with 37 in the last 3 months. Its a cell phone place that does accept credit cards.

  2. #2
    Kevin, if noone is going against their processing I may be able to go against that. Give us a call at 212-729-8697, one of our ISO reps will talk to you on what we can do.

  3. #3
    Senior Member Reputation points: 32550 Funder Mark's Avatar
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    How many negative days per month? Average daily balances? Existing positions?

  4. #4
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    Also looking for a direct lender vs. Going through a broker.

  5. #5
    Senior Member Reputation points: 32550 Funder Mark's Avatar
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    Direct funder here, pm'd you.

  6. #6
    LoanMe (direct lender-100% funded in house) offers Monthly repayment loans, so we do not look at NSF's the same way a daily repayment product does. We are able to take a look at this file. 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

  7. #7
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    Avg of 10
    $200 avg daily over that period of time
    No existing positions

  8. #8
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    Thank you I will look into this.

  9. #9
    Senior Member Reputation points: 32550 Funder Mark's Avatar
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    Probably dead, I cant imagine any of the daily debtors taking this one. Best bet would be a split.

  10. #10
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    Yes that is what im looking into after all of these declines. And of course the merchant is on my back everyday!

  11. #11
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    You company does not service the state of Mi correct?

  12. #12
    Unfortunately LoanMe does not lend in Michigan.

    Here are the 30 states LoanMe does lend in:
    AL, AZ, CA, DC, DE, HI, ID, IL, IN, KS, KY, LA, MD, ME, MN, MS, MO, NE, NH, NJ, NM, NC, OH, OR, SC, UT, VA, WA, WI, WY
    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

  13. #13
    Senior Member Reputation points: 32658 Zach's Avatar
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    We recently approved a deal with 26 NSF's for $120K over 12 months. As long as the collateral is there, WBL can make it happen.
    Zachary Ramirez – CEO
    Phone: 562-391-7099
    Email: zach@zacharyjosephramirez.com

    1661 N. Raymond Ave #265
    Anaheim CA 92801

  14. #14
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    Pm'd you.
    Andrew J. McDonald
    Director of ISO Development
    Yellowstone Capital LLC
    1 Evertrust Plaza
    Suite 1401
    Jersey city, NJ 07302
    PH - 347.464.0785
    FX - 646.213.1790

  15. #15
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    Good luck! That is a lot of NSFs and most lenders look at any sales office as a restricted industry. Do they have any current positions out, what is the monthly deposit average, and are they looking for an MCA or ACH?

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