Results 1 to 18 of 18
-
06-21-2016, 08:12 PM #1
- Join Date
- Jan 2016
- Posts
- 17
Unfundable Deals
Does anyone know who would fund someone doing around 15-20k a month with 11 negative days and a position? If you actually find a funder that will go through with it I will give you a gift.
Also, anyone that funds defaulted deals? That would be a huge bonus.
-
06-21-2016, 08:13 PM #2
- Join Date
- Jan 2016
- Posts
- 17
Oh and there is no real estate.
-
06-21-2016, 08:28 PM #3
- Join Date
- Aug 2013
- Posts
- 72
Unfundable Deals
I can't... Seriously I just can't anymore with these questions like trying to fund a defaulted deal... Go find a real merchant or close up shop already and go away.
-
06-21-2016, 08:33 PM #4
- Join Date
- Jan 2016
- Posts
- 17
That last part was a joke.
I am actually wondering if there is a funder who would fund someone doing around 15-20k a month with 11 negative days and a position?
-
06-21-2016, 08:40 PM #5
- Join Date
- Oct 2014
- Location
- Naples, FL
- Posts
- 474
Unfundable Deals
does the merchant do any kind of cc processing?
are his deposits in lump payments and/or come specifically on a day?
you have to get creative...
but at some point you have to realize that we aren't here to save anyone... that's Jesus job.
...that last part was a joke.
-
06-21-2016, 08:58 PM #6
- Join Date
- Jan 2016
- Posts
- 17
I wish there were cc statements.
-
06-21-2016, 10:51 PM #7
- Join Date
- Jul 2014
- Posts
- 1,746
-
06-22-2016, 12:00 AM #8
- Join Date
- Jan 2016
- Posts
- 17
They don't process credit cards.
-
06-22-2016, 12:06 AM #9
- Join Date
- Jul 2014
- Posts
- 1,746
11 negative days. They need a job, not a cash advance.
-
06-22-2016, 12:08 AM #10
- Join Date
- Jan 2016
- Posts
- 17
okeeeey
-
06-22-2016, 12:08 AM #11
- Join Date
- Jan 2016
- Posts
- 17
thanks, i guess
-
06-22-2016, 01:54 PM #12
- Join Date
- Nov 2014
- Posts
- 438
So here's some positive news. LoanMe doesn't look at the number of negative days, we are a monthly repayment and therefore we don't need to see the same consistency with cash flow as a daily repayment MCA product. Having a position out, will depend on the business owners credit. If they fall into our tier A, B+ and B tiers then we will take 2nd position. If they fall under our tiers C, D, E then we will deduct their outstanding balance from our offer.
We will not fund defaulted deals. I see from the above post that was a joke, but just wanted to be clear.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
-
06-22-2016, 02:02 PM #13John 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
-
06-22-2016, 02:31 PM #14
- Join Date
- Jul 2014
- Location
- Online
- Posts
- 965
Eeek! sounds pretty bad. Here's the deal though- depending on why the company has those pesky NSFs makes all the difference. Always a case-by-case but we would be happy to review and tell you a strait up yes or no for every risky file that you see come across your desk.
As in defaulted deals... you mean defaulted on a Funder with no communication? Just cut off? NO. It could happen again. Especially since the company is already at risk as it is (industry, financials, etc.) it is hard to represent that business when a Funding Company is most likely managing investments. No one is going to put money into a deal knowing the default had no recourse and can see they can do it again.
Real estate- Yes. Email me to set up a call and we can review to see if we are a good outlet.Amanda Kingsley
DailyFunder: WhoisKingsley
This is me. https://www.facebook.com/whoiskingsley
I am Here too. https://www.facebook.com/groups/TheClosersGroup
Always Live and Lead with Integrity.
-
06-24-2016, 08:38 PM #15
Me im a high risk lender but i dont want to overlverage the client it seems like they may be bleeding out their cash flow i might give a shot but no promises here sounds like their is alot of risk i would ask for payback months and a buyout to become first position call me 5512638638 or email me dwaynew@yellowstonecapllc.com
-
06-24-2016, 10:31 PM #16
- Join Date
- Jul 2015
- Posts
- 1,202
Are you available for speaking engagements to prospective clients? That would be sweet. If you can lead off the pitch with "Me, I'm" we'll have them hook line and sinka and eating out of the plam of hour hands. That and your favorite coloring book to distract them while we throw some junk fees in.
-
06-27-2016, 10:41 PM #17
- Join Date
- Oct 2015
- Posts
- 2
Sounds like you have a good program! Please have someone give me a call. Tim w/ FlexCap Solutions 469-288-7007 Thanks!
Similar Threads
-
In Need Of COMMERCIAL LENDER For Many Large Deals ...Look At Some Deals Below ...
By Isoloans in forum Deal BinReplies: 6Last Post: 04-24-2015, 02:14 PM -
In Need Of COMMERCIAL LENDER For Many Large Deals ...Look At Some Deals Below ...
By Isoloans in forum All Other LendingReplies: 5Last Post: 02-20-2015, 11:13 AM -
split deals vs. ach deals
By hejfund in forum Merchant Cash AdvanceReplies: 1Last Post: 02-11-2015, 12:30 AM