[HFS]

200k+ a month.
Tobacco distribution.
35k first position balance.
Has a ch. 13 on a payment plan.

[mcaguru]

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.

[HFS]

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.

Waiting on Dennis to shoot me an offer.

[BoostAaron]

Looking for a 2nd? How do the banks look?

[HFS]

I would prefer to keep the merchant on only a first.

[BoostAaron]

I would prefer to keep the merchant on only a first.

Sorry, can't help there. We could take a look if it is discharged w/ PP.

Feel free to pm or call me if you can't get any action on that first position...

[Chambo]

Looking for a 2nd? How do the banks look?

Seriously? a Second position to a merchant in open bankruptcy?

[mcaguru]

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 ?

[J.Celifarco]

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 ?

I truly hope you are not asking this as a serious question and you are just joking

[BoostAaron]

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 ?

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...

[mcaguru]

I truly hope you are not asking this as a serious question and you are just joking

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.

[JDMerchant]

pm'd you

[Sandstone]

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.

[BoostAaron]

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.

Likewise. Most lenders will only fund discharged, if at all...

[HFS]

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.

Did the homeless guy promise to give you 10 cents for the next 3 weeks?

[Chambo]

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 ?

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....

[Kevin Henry-Seacoast]

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.

Note to self: Never buy a pre-owner car from Marcus.....dude buys cheap gas.....

[nrh1lp]

Note to self: Never buy a pre-owner car from Marcus.....dude buys cheap gas.....

but he sells expensive money so it balances out right? pretty sure that's how it works

[mcaguru]

Note to self: Never buy a pre-owner car from Marcus.....dude buys cheap gas.....

FYI: I drive Car rentals ONLY. I drive a ton of miles and love the concept of new car whenever i want

[J.Celifarco]

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.

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.

[mcaguru]

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....

I believe he was talking someone that is in a payment plan with his creditors ?

[mcaguru]

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.

Payment plan was the question.?

[Mmarano]

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....

hey, Least he is Rich moron....

[Mmarano]

Its amazing to me how the folks on this forum have not yet learned your sense of humor. Lol.

I believe he was talking someone that is in a payment plan with his creditors ?

[HDF]

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