Results 1 to 6 of 6
-
07-19-2016, 01:12 PM #1
- Join Date
- Nov 2014
- Posts
- 76
What funders are good for small/micro-advances
Keep seeing lots of starter/baby deals and don't know where to go with them.
What funder(s) will look at deals with monthly deposits only $4k to $5k and make advances of approx the same amount? Is there a good source for starter advances that are relatively easy to get funded ?
-
07-19-2016, 01:24 PM #2
- Join Date
- Apr 2014
- Posts
- 781
Your not going to get same aMt as the deposits in an advance..typically 50 to 60 percent..
Especially on small advances where time frame to payback will be 3 to 4 months.
-
07-19-2016, 02:41 PM #3
- Join Date
- Dec 2013
- Posts
- 4,713
Cresthill Capital has entire underwriting department ONLY focusing on MICRO_FILES.
Micro Files Program pretty much seeks to make an offer on files from 2K up to 25K (No COJ's)/ fewest stips / fastest offers /funds ASAP with contracts back-in......
POOR CREDIT -OK
LOW BALANCES - OK
HIGH # OF NSF'S -OK
TAX ISSUES -OK
HIGHEST RISK INDUSTRIES -OKMarcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
覧覧覧覧覧覧覧覧覧覧覧覧覧
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
-
07-19-2016, 02:47 PM #4
- Join Date
- May 2016
- Posts
- 148
Cresthill is usually my go to for these files.
Breakout can be good too and would be a better rate but is a little more stip intensive.
-
07-19-2016, 04:11 PM #5
What funders are good for small/micro-advances
Marcus, what is your minimum revenue policy?
-
07-19-2016, 04:11 PM #6
- Join Date
- Feb 2014
- Location
- New York
- Posts
- 162
Similar Threads
-
Funders Only: LOC Needed- Buyout 2 Outstanding Advances. $1M/Mo. Gross
By holdinghand in forum Deal BinReplies: 13Last Post: 05-26-2016, 10:32 AM -
Good Bank for Small Deals
By J.Celifarco in forum Merchant Cash AdvanceReplies: 2Last Post: 04-18-2016, 03:20 PM -
The Top 8 Small Business Funders
By isaacdstern in forum Merchant Cash AdvanceReplies: 7Last Post: 03-14-2016, 11:58 AM -
Good source for small business Leads in the us
By azizimohammed in forum PromotionsReplies: 0Last Post: 12-15-2014, 08:51 PM -
Are there underwriters that specialize in small advances?
By bostriba in forum Merchant Cash AdvanceReplies: 10Last Post: 08-01-2014, 02:48 PM