[OSF Funding]

I'm working with a merchant that has a carpet and upholstery cleaning business that grosses about 25-30k monthly. He just got through his slowest months about to go into his busiest time of the year.

He's been in business for 20 years, currently pays $86 daily on an existing advance that he owes about 10k on. His last 6 months of bank statements look good, No NSF's. According to merchant he borrowed 16k and is paying back 24k.

THE PROBLEM: Merchant has a 495 FICO. Not sure how he was able to get such a low daily initially with his FICO.

Looking for 20-25k for this merchant at a 8+ month term if possible.

[FUNd]

Sub 500 is usually recent BK, foreclosure, repossession, open tax liens, unresolved judgments, or child support. Which one is it? These can be an auto-decline at many lenders, regardless of the score.

[drp]

PM Me.

[Zach]

WBL can lend this client up to 2X his monthly deposits for as long as 18 months, even with a sub-500 FICO

[ssafirstein]

We can look at this though due to the FICO below 600, we would cap the term at 6 months.


Steven Safirstein
Director of Sales & Head of ISO Relations
Breakout Capital Finance, LLC
6849 Old Dominion Drive, Suite 360, McLean, VA 22101
O: 703 852 6013
steven@breakoutfinance.com