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02-22-2016, 11:13 AM #1
White Whale, 10 Positions!!
I just saw my first deal with 10 positions. Admittedly they were over 3 separate accounts, which do not cross over much, so it could be that none of the funders knew about the other accounts. That being said, when an underwriter sees this, do they look at it like going in as a 4th on the account, or as an 11th on the business?
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02-22-2016, 11:18 AM #2
- Join Date
- Apr 2015
- Posts
- 297
They'll probably look at it as garbage. I know I would.
But from my experience they would see it as an 11th considering each of the advances probably have a UUC filed.
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02-22-2016, 11:20 AM #3
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- Oct 2013
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- New York, NY
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- 1,203
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02-22-2016, 11:22 AM #4
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02-22-2016, 11:23 AM #5
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- Oct 2013
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- New York, NY
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02-22-2016, 11:25 AM #6
Would be nice, but just saw it for the first time.
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02-22-2016, 11:27 AM #7
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- Oct 2013
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- New York, NY
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- 1,203
Lol
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02-22-2016, 11:41 AM #8
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- Jun 2015
- Posts
- 3,325
is it a IT services company ?
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02-22-2016, 11:54 AM #9
White Whale, 10 Positions!!
Pharmacy in buffalo?
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02-22-2016, 11:58 AM #10
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02-22-2016, 12:06 PM #11
- Join Date
- Sep 2015
- Location
- Miami, Fl
- Posts
- 148
Did you ask your underwriters? You are a direct high risk cash advance funder right?
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02-22-2016, 12:55 PM #12
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02-22-2016, 01:00 PM #13
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- Sep 2015
- Location
- Miami, Fl
- Posts
- 148
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02-22-2016, 01:10 PM #14
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02-22-2016, 02:11 PM #15
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- Oct 2013
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- New York, NY
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02-22-2016, 02:56 PM #16
- Join Date
- Sep 2015
- Posts
- 16
iIf there is a chance he can be saved, Dan Page can save him. You may want to call Dan ar 303-938-8280.
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02-22-2016, 03:37 PM #17
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
Thank you for thinking of me Mike.
FunderMark - Happy to take a look. I have consolidated clients like this before, with multiple positions in different companies. It ultimately comes down to the numbers.
Feel free to reach out (email is best since I'm sometimes tough to reach by phone). I can promise you straight answers, good or bad.
Best,
Dan Page
dan@fundingstrategypartners.com
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02-22-2016, 04:14 PM #18
Dan,
The ISO on this deal did think of you, but the client needs the money this week.
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02-22-2016, 04:28 PM #19
- Join Date
- Oct 2014
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- 260
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02-22-2016, 05:05 PM #20
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
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02-22-2016, 04:37 PM #21
He has a cash advance problem.
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02-22-2016, 05:01 PM #22
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- Apr 2015
- Posts
- 297
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02-22-2016, 04:49 PM #23
- Join Date
- May 2015
- Location
- NYC
- Posts
- 197
Lets get them set up with an 11th and 12th position! Sounds like the perfect merchant!
Tommy Stein
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02-22-2016, 04:53 PM #24
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02-22-2016, 05:05 PM #25
- Join Date
- May 2015
- Location
- NYC
- Posts
- 197
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