What funders are good for small/micro-advances
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  1. #1

    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 ?

  2. #2
    Senior Member Reputation points: 18402
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    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.

  3. #3
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    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 -OK
    Marcus 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

  4. #4
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    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.

  5. #5
    Senior Member Reputation points: 290 1StopFunding's Avatar
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    What funders are good for small/micro-advances

    Marcus, what is your minimum revenue policy?
    Cheryl Tibbs- General Manager
    Equipment LeaseCo Inc
    www.equipmentleaseco.com

  6. #6
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    5k monthly - No negs -

    Quote Originally Posted by 1StopFunding View Post
    Marcus, what is your minimum revenue policy?

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