Results 1 to 9 of 9
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08-30-2016, 12:26 AM #1
- Join Date
- Apr 2014
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- New York
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- 274
Sub 10K lenders First position A paper good credit
Who out there besides everest will fund 6-9K+ for merchants averaging around 10k for the past 4 months. This is for first position, A-B paper deals. (I will be looking for A-B+ paper buy rates.) I know a few, but wondering if there are any lenders that actually specialize in this space that I do not know about by chance. Best way to get ahold of me is info@frasersfinancial.com rather than PM.
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08-30-2016, 02:50 AM #2
- Join Date
- Mar 2015
- Posts
- 78
Sent you an email.
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08-30-2016, 06:18 PM #3
- Join Date
- Oct 2015
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- 9
Sub 10K lenders First position A paper good credit
Hi,
This one is easy... Give Jennifer at TransMark Funding a call.
TransMark Funding
Jennifer Polito
Jpolito@TransMarkFunding.com
800-579-1273
They do $4k deals $5k deals all the time. They even have a EZ Approval product that nearly everyone will qualify for. They published a blog about it recently.
You can find their blog here:
transmarkfunding.com/iso
And then click on the button for "Blog" and you'll read all about it. They're doing some interesting and creative stuff.
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08-31-2016, 11:19 AM #4
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- Oct 2014
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- 260
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08-31-2016, 11:56 PM #5
- Join Date
- Oct 2015
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- 9
Yes, I'm aware of what he was asking for. But since there probably are quite a few funders who may do $6k - $9k deals, I wanted to let him know that not only will TransMark do such deals, but they'll even do lower deal amounts than that. Additionally, if someone will do a $4k or $5k deal, I bet they'll also do a $6k to $9k deal... so my guess is the person who asked about this got the point. I doubt he read my post and thought "crap, that company only does $4k or $5k deals... not $6k - $9k deals, which is what I was really looking for".
On a side note, most funders (they're not actually LENDERS in the MCA space, by the way) won't consider a deal unless it's a minimum of $10k. So I wouldn't necessarily say "tons of lenders" will do a $6k deal, because most probably won't (if they would, the thread probably wouldn't have been created). Many on here gripe and act like Chicken Little regarding possible regulations down the road, but then those same professionals choose to use loan terminology in an MCA forum. We would all be wise to stop doing so, and discuss MCA's for what they are or supposed to be... Purchases of future receivables, not loans. Thus, MCA Funders are not lenders. Just sayinLast edited by RobertTide; 09-01-2016 at 12:13 AM.
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09-01-2016, 09:13 AM #6
I'm not sure but I don't think a $6k to 9k deal can EVER be considered A paper. Starter deal? yes.
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09-01-2016, 12:36 PM #7
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- Mar 2016
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- 657
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09-07-2016, 04:55 PM #8
- Join Date
- Sep 2016
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- 16
Several lenders offer this niche. The point is to get the firm that offers the most diverse products and the lowest buy rates.
If you want my insight, contact me.
Warmly,
Eli
7189265331
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09-07-2016, 04:55 PM #9
- Join Date
- Sep 2016
- Posts
- 16
And yes A-paper only refers to the clients file. Promising prospects for unsecured capital.
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