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08-18-2016, 03:16 PM #1
Ch. 13 on Payment Plan
200k+ a month.
Tobacco distribution.
35k first position balance.
Has a ch. 13 on a payment plan.
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08-18-2016, 03:26 PM #2
- Join Date
- Dec 2013
- Posts
- 4,713
Cresthill Capital Would love to take a shot at it. you should get fast offer with fewest stips and we pay DOUBLE DIGIT COMMISSIONS!
we recently added file-adjusters that sit right near the UW's so when offer needs an adjustment we can quickly see the possibilities.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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08-18-2016, 03:28 PM #3
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08-18-2016, 03:29 PM #4
Looking for a 2nd? How do the banks look?
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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08-18-2016, 03:30 PM #5
I would prefer to keep the merchant on only a first.
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08-18-2016, 03:39 PM #6Aaron 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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08-18-2016, 03:45 PM #7
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08-22-2016, 06:31 PM #8
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08-18-2016, 03:55 PM #9
- Join Date
- Dec 2013
- Posts
- 4,713
Chabmo whats wrong with funding someone that had financial difficulties in the past, if an UW feels that its OK to purchase a little of his future sales receivables ?
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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08-18-2016, 03:56 PM #10John 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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08-18-2016, 04:06 PM #11
- Join Date
- Dec 2013
- Posts
- 4,713
When I pulled into a Racetrac this morning to get some gas (shout out to Allison Moran) and a homeless man asked me for a dollar i could have made a thousand excuses why not to help the man and 990+ of them would have made sense Yet i helped the man! I see no reason why a merchant that has had a terrible background should be judged and denied a helping hand so long as he has ongoing receivables to purchase at a discount.
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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08-18-2016, 04:56 PM #12
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08-18-2016, 05:20 PM #13
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,508
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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08-18-2016, 05:31 PM #14
- Join Date
- Jan 2016
- Posts
- 435
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08-18-2016, 05:34 PM #15
- 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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08-18-2016, 05:35 PM #16
well the person in the parking lot didn't enter an agreement with a US court and the people he owed money to. So you lend them money make them violate a court approved bankruptcy because you will be taking money from him that should be going to other people and lets see what happens next.. You have said plenty of things I disagree with but this one takes the cake.
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
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08-18-2016, 05:46 PM #17
- 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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08-18-2016, 03:59 PM #18
You're both right...
Chambo, I don't make the rules, I just try to close the deals... I know our underwriters are adventurous, but they are also extremely diligent and careful. We take our fiduciary responsibility very seriously, and would never, ever sink a merchant through negligent underwriting policies.
Marcus, Nothing... Nothing at all. As long as it's done carefully, and done to help the merchant, not for those double digit commissions...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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08-18-2016, 05:05 PM #19
What's wrong with giving a merchant a second position, when they have already declared before the courts that they cannot pay their debts as is, with ZERO advances?
I'm the the debtors would strongly disagree with you on your position.....and unfortunately for you, they have the power of the US Government and EVERY SINGLE STATE in the nation on their side
moron....
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08-18-2016, 05:40 PM #20
- Join Date
- Dec 2013
- Posts
- 4,713
Last edited by mcaguru; 08-18-2016 at 05:44 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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08-18-2016, 05:46 PM #21
- Join Date
- Feb 2014
- Location
- New York
- Posts
- 162
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08-18-2016, 06:08 PM #22
if he is joking saying on a public forum that you want to lend into an open bankruptcy with a court approved payment to creditors is just not smart. The loan and payments made on it would effect the persons ability to make those payments, saying stuff like that can come back to bite you in the ass.. If he is joking which I am not sure he was it just not smart
Last edited by J.Celifarco; 08-18-2016 at 06:10 PM.
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
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08-18-2016, 05:46 PM #23
- Join Date
- Feb 2014
- Location
- New York
- Posts
- 162
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08-18-2016, 04:13 PM #24
- Join Date
- Aug 2016
- Posts
- 24
pm'd you
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08-18-2016, 04:18 PM #25
- Join Date
- May 2015
- Posts
- 33
Funding a merchant with an open Chapter 13 is risky. The merchant misses 1 payment and they are at risk of having the bankruptcy dismissed with out any of the debts being discharged.
We can get get you funded as soon as the bankruptcy is discharged but again this is very risky if there are lenders out there funding while it is still open.
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