No fico or below 500
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  1. #1
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    No fico or below 500

    I have an accounting/immigration agency looking for 30k-40k. They have been in business since 1991; deposit about 60k/mo in two accounts combined. Average Daily balances around 5k/mo. BUT FICO IS BELOW 500.....

    All I have been able to get is 8k max.

    Let me know if you can help.
    William R. Mateo
    Mateo Capital Group
    Tel: (954)802-2833|Fax: (888)860-1508
    http://www.mateocapitalgroup.com
    Supporting Common Sense Financing!

  2. #2
    Senior Member Reputation points: 5034 AlexSMF's Avatar
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    Quote Originally Posted by Wmateo View Post
    I have an accounting/immigration agency looking for 30k-40k. They have been in business since 1991; deposit about 60k/mo in two accounts combined. Average Daily balances around 5k/mo. BUT FICO IS BELOW 500.....

    All I have been able to get is 8k max.

    Let me know if you can help.
    Try yellowstone if you havent sent it there already. If you arent online with them, then reach out to Avi Dahan. Let me know if you need his number.

  3. #3
    Senior Member Reputation points: 32658 Zach's Avatar
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    If they have real estate collateral WBL can get them something.
    Zachary Ramirez – CEO
    Phone: 562-391-7099
    Email: zach@zacharyjosephramirez.com

    1661 N. Raymond Ave #265
    Anaheim CA 92801

  4. #4
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    Thank you Alex. I will reach out to them.
    William R. Mateo
    Mateo Capital Group
    Tel: (954)802-2833|Fax: (888)860-1508
    http://www.mateocapitalgroup.com
    Supporting Common Sense Financing!

  5. #5
    Member Reputation points: 30
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    Quote Originally Posted by AdvanceFund View Post
    William, I am not sure I can get you 30-40k but I'm pretty confident that we can help you out in the 19-22k range regardless of credit.


    Dave Margolies
    ML Factors - ISO Relations
    Underwriting Specialist

    465A Central Avenue, Ste 128
    Cedarhurst, NY 11516
    Tel 866-856-7482 x108
    Dave@MLFactors.com
    Dave,
    I will email you. Thank.you.
    William R. Mateo
    Mateo Capital Group
    Tel: (954)802-2833|Fax: (888)860-1508
    http://www.mateocapitalgroup.com
    Supporting Common Sense Financing!

  6. #6
    Senior Member Reputation points: 290 1StopFunding's Avatar
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    No fico or below 500

    Merchant Cash Group and Elevate Funding- neither pulls credit. Although Elevate declined a deal for me last week because merchant had 7 bad Google reviews out of 8 posted. So if you send to them, check your merchant's Google reviews.
    Cheryl Tibbs- General Manager
    Equipment LeaseCo Inc
    www.equipmentleaseco.com

  7. #7
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    Quote Originally Posted by 1StopFunding View Post
    Merchant Cash Group and Elevate Funding- neither pulls credit. Although Elevate declined a deal for me last week because merchant had 7 bad Google reviews out of 8 posted. So if you send to them, check your merchant's Google reviews.
    Thank you Cheryl. Good tips about the Google reviews.
    William R. Mateo
    Mateo Capital Group
    Tel: (954)802-2833|Fax: (888)860-1508
    http://www.mateocapitalgroup.com
    Supporting Common Sense Financing!

  8. #8
    Sounds like a deal with enough hair on it to be good fit for COOPER.

    Robert S Bloink
    EVP of ISO Partnerships
    Direct: 248-341-9477
    Email: bb@cooperasset.com
    Web: www.cooperasset.com
    logo-01smaller.jpg

  9. #9
    Veteran Reputation points: 135672 Chambo's Avatar
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    Quote Originally Posted by AlexSMF View Post
    Try yellowstone if you havent sent it there already. If you arent online with them, then reach out to Avi Dahan. Let me know if you need his number.
    STOP! NO WAY IN HELL you are getting 50% of deposits for a sub 500 guy with Avi, or anyone else at Yellostone

  10. #10
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    Quote Originally Posted by BB_Cooper View Post
    Sounds like a deal with enough hair on it to be good fit for COOPER.

    Robert S Bloink
    EVP of ISO Partnerships
    Direct: 248-341-9477
    Email: bb@cooperasset.com
    Web: www.cooperasset.com
    logo-01smaller.jpg
    Thank you Robert. I will be emailing you. Not for this deal, but for future deals.
    William R. Mateo
    Mateo Capital Group
    Tel: (954)802-2833|Fax: (888)860-1508
    http://www.mateocapitalgroup.com
    Supporting Common Sense Financing!

  11. #11
    Maybe I can help we don't look at credit score here at Empire funding!

    Nathan@empirefunding.com

    Nathan Roth
    Empire funding
    1022 Avenue M, Brooklyn, NY, 11230

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