AMERICA'S BUSINESS CAPITAL (Revises underwriting guide 6/1/16)
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  1. #1

    AMERICA'S BUSINESS CAPITAL (Revises underwriting guide 6/1/16)

    ABC PIC.jpg.png

    ABC'S Underwriting Reference Guide

    • We Fund in Puerto Rico, (not CA) must have 9 digit routing number and be a US bank
    • 500 + FICO
    • 1st, 2nd & 3rd positions ok
    • Up to 18 month terms
    • Open to All Industries!!!
    • Weekly payment options (case by case)
    • Consolidations ok up to $30,000 (Must net 60% with new advance)
    • Pre pay discounts for Merchants
    • Submissions before 12pm underwritten by end of business
    • Minimum 5 deposits/batches per month
    • 5 or less negative days per month
    • 6 + months in business
    • Tax liens ok (Case by case underwriting)
    • 1M max advance amount

    For further assistance contact Darnell at dcanty@abcmca.com or 1-888-426-0377 ext 109
    Darnell Canty
    Sr. Account Manager
    Office 888-426-0377 ext 109
    Mobile 609-200-0271
    www.abcmca.com

    AMERICAS BUSINESS CAPITAL
    "Funding Small Businesses Across America"

    ™
    Ca$h Flo™ 30, 45, 60, 75
    MCA Purcha$e-Bridge ™
    MCA $BA-Bridge ™

  2. #2
    Veteran Reputation points: 135672 Chambo's Avatar
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    "Consolidations up to $30,000"

    Does this mean the balances cannot be more than $30K combined?

  3. #3
    Senior Member Reputation points: 118209 ridextreme's Avatar
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    "Pre pay discounts for Merchants" does this include 3rd parties? or only if they renew with you

  4. #4
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    (not CA) , Is that California or Canada?

  5. #5
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    FUNd™

  6. #6
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    CreditGuy™

    Is this a thing that we're doing?

  7. #7
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    Quote Originally Posted by CreditGuy View Post
    CreditGuy™

    Is this a thing that we're doing?
    Apparently ™ makes things officially official, and even untrue statements true. For example:

    We do terms up to 10 years with monthly payments at 2% APR and pay 20 points commission on the payback amount.

    No way, right? Now try this one:

    Terms up to 10 years with monthly payments at 2% APR and paying 20 points commission on the payback amount with our FlexFastPayGoodAwesomeMCA™ loan program.

    See?

  8. #8
    Veteran Reputation points: 159073 J.Celifarco's Avatar
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    Quote Originally Posted by FUNd View Post
    Apparently ™ makes things officially official, and even untrue statements true. For example:

    We do terms up to 10 years with monthly payments at 2% APR and pay 20 points commission on the payback amount.

    No way, right? Now try this one:

    Terms up to 10 years with monthly payments at 2% APR and paying 20 points commission on the payback amount with our FlexFastPayGoodAwesomeMCA™ loan program.

    See?
    I like it it does make it look quite official
    John Celifarco
    Managing Partner
    Horizon Funding Group

    3423 Ave S
    Brooklyn, NY 11234
    T: (347) 773-3990 | F: (718) 795-1990
    Linkedin: Profile
    Email: john@horizonfundinggroup.com

  9. #9
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    "I am not a crook."™ - Richard Nixon
    "Nobody can make you feel inferior without your consent." -Eleanor Roosevelt

  10. #10
    If a merchant pays us off with their own funds or it comes from a third party, and there is a specified prepay addendum in the agreement, then yes they will get the discount, it does not matter who pays us off as long as it is paid off in full within the time frame the prepay specifies.
    Darnell Canty
    Sr. Account Manager
    Office 888-426-0377 ext 109
    Mobile 609-200-0271
    www.abcmca.com

    AMERICAS BUSINESS CAPITAL
    "Funding Small Businesses Across America"

    ™
    Ca$h Flo™ 30, 45, 60, 75
    MCA Purcha$e-Bridge ™
    MCA $BA-Bridge ™

  11. #11
    We do not fund In California or Canada.
    Darnell Canty
    Sr. Account Manager
    Office 888-426-0377 ext 109
    Mobile 609-200-0271
    www.abcmca.com

    AMERICAS BUSINESS CAPITAL
    "Funding Small Businesses Across America"

    ™
    Ca$h Flo™ 30, 45, 60, 75
    MCA Purcha$e-Bridge ™
    MCA $BA-Bridge ™

  12. #12
    yes that is correct
    Darnell Canty
    Sr. Account Manager
    Office 888-426-0377 ext 109
    Mobile 609-200-0271
    www.abcmca.com

    AMERICAS BUSINESS CAPITAL
    "Funding Small Businesses Across America"

    ™
    Ca$h Flo™ 30, 45, 60, 75
    MCA Purcha$e-Bridge ™
    MCA $BA-Bridge ™

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