Merchant approved for 100k 4th position
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  1. #1
    The merchant has extremely healthy bank statements. Does over 6 million a year. Has a 90k average bank balance. No negative days. Great Credit. Direct funders only please.

  2. #2
    Veteran Reputation points: 159120 J.Celifarco's Avatar
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    Quote Originally Posted by CashAdvanceKing View Post
    The merchant has extremely healthy bank statements. Does over 6 million a year. Has a 90k average bank balance. No negative days. Great Credit. Direct funders only please.
    no of that matters once you say 4th position. Nobody is doing that without a COJ. Instead of doing a 4th why not try to consolidate much better for the merchant
    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

  3. #3
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    Quote Originally Posted by J.Celifarco View Post
    no of that matters once you say 4th position. Nobody is doing that without a COJ. Instead of doing a 4th why not try to consolidate much better for the merchant
    Nobody? very good chance we would not require a coj
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
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    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  4. #4
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    Quote Originally Posted by mcaguru View Post
    Nobody? very good chance we would not require a coj
    so over a 100k on a fourth position you will not need coj . then when do you need coj ?

  5. #5
    Senior Member Reputation points: 32550 Funder Mark's Avatar
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    Quote Originally Posted by Michael I View Post
    so over a 100k on a fourth position you will not need coj . then when do you need coj ?
    Exactly!! If you would really fund $100k as a 4th WITHOUT a COJ, I want to know, ISO's will send you a FLOOD of deals!!

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    Quote Originally Posted by Michael I View Post
    so over a 100k on a fourth position you will not need coj . then when do you need coj ?
    Submit the file ASAP will get you a response with the stips in a few hours.
    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

  7. #7
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    Quote Originally Posted by mcaguru View Post
    Submit the file ASAP will get you a response with the stips in a few hours.
    I don't think we're questioning the "response" part. I'm sure you'll do your part. it's the "no COJ on $100k+/4th position" that I'm having trouble believing

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    Quote Originally Posted by NoBigDeal View Post
    I don't think we're questioning the "response" part. I'm sure you'll do your part. it's the "no COJ on $100k+/4th position" that I'm having trouble believing
    We got many competitors trying to figure our magic sauce for extremely low defaults, so i don't think i am going to come in a forum and say any file that meets xyz criteria (on a 3000 funded deal static pool analysis) wont default and there for no need to extra stip with items such as COJ or etc.....
    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

  9. #9
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    Quote Originally Posted by mcaguru View Post
    Submit the file ASAP will get you a response with the stips in a few hours.
    keep dancing and avoiding straight answers . at some point mike will see that you are hurting his company on this forum instead of helping . gut shabbos and enjoy your weekend .

  10. #10
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    Quote Originally Posted by Michael I View Post
    keep dancing and avoiding straight answers . at some point mike will see that you are hurting his company on this forum instead of helping . gut shabbos and enjoy your weekend .
    Hurting?? i just got 3 emails looking to send me deals.... now that they know majority don't need a COJ!!

    Good shaboss to you too! easy on the cholent!
    Last edited by mcaguru; 07-22-2016 at 12:52 PM.
    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

  11. #11
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    Quote Originally Posted by mcaguru View Post
    Nobody? very good chance we would not require a coj
    Really?! on a $100k, 4th position. Can you confirm that with your CEO and let me know, cuz if so, I've got some nice 4th position deals that will only accept if NO guarantee

  12. #12
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    Quote Originally Posted by NoBigDeal View Post
    Really?! on a $100k, 4th position. Can you confirm that with your CEO and let me know, cuz if so, I've got some nice 4th position deals that will only accept if NO guarantee
    ye that file would need a coj when it gets "termed" with a NO guarantee LOL
    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

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