Results 1 to 25 of 27
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07-21-2016, 03:04 PM #1
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- Apr 2015
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- 206
Merchant approved for 100k 4th position
I have a merchant approved for 100k 4th position, is there any Direct Funders that do 4th position without requiring a COJ?
Merchant has healthy bank statements with high bank balance and great credit.
Thanks,
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07-21-2016, 03:08 PM #2
I am 99% sure no, anyone who would do $100k as a 4th will require a COJ.
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07-21-2016, 03:25 PM #3
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- Apr 2015
- Posts
- 206
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.
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07-21-2016, 03:30 PM #4
I'd be extremely curious as to why a client in that position was insistent that no COJ be used... Coming from what amounts to a pretty weak bargaining position from which to make demands.
We certainly would do a 4th, might get close to 100k, but no chance w/o the COJ notarized and in hand.
Just my two cents...Aaron McCarthy | Senior Account Executive
352 Sonwil Drive | Buffalo, NY 14215
Direct Funder up to $150k
A,B,C&D Paper
Direct (516) 209.2159
Mobile (716) 348.1660
Fax (888) 848.0109
www.fundingmerchantsource.com
A+ Rated with the BBB: http://www.bbb.org/losangelessilicon...each-ca-268003
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07-21-2016, 03:47 PM #5John 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
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07-21-2016, 06:18 PM #6
- Join Date
- Apr 2016
- Location
- Florida
- Posts
- 133
{ Merchant has healthy bank statements with high bank balance and great credit. }
Why is this merchant doing MCA's with all of the good and positive things noted
above stated?? Tax liens, Judgements on business ???
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07-21-2016, 08:48 PM #7
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- Apr 2014
- Posts
- 781
Yet he still needs can advance??
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07-21-2016, 10:37 PM #8
- Join Date
- May 2015
- Location
- Long Island
- Posts
- 247
Clearly these large infusions of quarterly capital allow him to execute deals/jobs/contracts without depleting his normal cash flow to uncomfortable levels, in order to execute jobs that sustain and continue the larger gross revenue. Let's hope his margins support the cost of funds.
At least that how I see this play out as acceptable, and the only reason a owner/CEO would seek for, and accept these 4th position rates/terms voluntarily. If that is the case he should run to the notary and execute that COJ.
Unless he is a desperado (which on the facts presented seems unlikely.) I assume there is a profitable method to the madness. I hope that's the case anyway.
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07-22-2016, 09:53 AM #9
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07-22-2016, 10:08 AM #10
- Join Date
- Sep 2015
- Posts
- 122
Merchant approved for 100k 4th position
Pearl and YS would def require a COJ on that type of deal
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07-22-2016, 12:32 PM #11
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- Dec 2013
- Posts
- 4,713
Majority of our deals DO NOT require COJ's!!
Sign up today !
we now have an "offer adjustment department"
3 hour offers
Double digit commissions
Fewest stips
Poor credit OK
High nsf's -fund ableMarcus 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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07-22-2016, 12:36 PM #12
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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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07-22-2016, 12:38 PM #13
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- Dec 2013
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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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07-22-2016, 12:38 PM #14
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07-22-2016, 12:41 PM #15
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07-22-2016, 12:41 PM #16
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07-22-2016, 12:41 PM #17
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- Dec 2013
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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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07-22-2016, 12:42 PM #18
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- Dec 2013
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- 4,713
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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07-22-2016, 12:43 PM #19
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07-22-2016, 12:47 PM #20
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- Dec 2013
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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
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07-22-2016, 12:47 PM #21
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- Jun 2015
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07-22-2016, 12:49 PM #22
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- Dec 2013
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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
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07-22-2016, 02:00 PM #23
- Join Date
- Dec 2013
- Posts
- 4,713
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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07-22-2016, 02:07 PM #24
That escalated quickly...
Aaron McCarthy | Senior Account Executive
352 Sonwil Drive | Buffalo, NY 14215
Direct Funder up to $150k
A,B,C&D Paper
Direct (516) 209.2159
Mobile (716) 348.1660
Fax (888) 848.0109
www.fundingmerchantsource.com
A+ Rated with the BBB: http://www.bbb.org/losangelessilicon...each-ca-268003
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