Lender Recommendation

**Goliathfunding** · 09-01-2016, 12:04 PM

Anyone know a lender that will fund a bad payment history merchant?

10k out, monthly revenue 30k-40k

**mcaguru** · 09-01-2016, 12:35 PM

Bad as in slow? or defaulted?

**Goliathfunding** · 09-01-2016, 12:39 PM

Bad as in slow never has defaulted, I've already sent this file over to you guys.

**NoBigDeal** · 09-01-2016, 12:41 PM

Originally Posted by Goliathfunding

Bad as in slow never has defaulted, I've already sent this file over to you guys.

How long did the merchant slow pay for? Did they get back on track or stayed on the lowered payments until the balance ran out?

**Michael I** · 09-01-2016, 12:50 PM

wait people will fund if they are slow paying ?

**WhoisKingsley** · 09-01-2016, 12:54 PM

The only luck I've ever had was with Yellowstone.

**gail_waters** · 09-01-2016, 12:59 PM

yellowstone never funds slowpay, i think empire would

**mcaguru** · 09-01-2016, 02:28 PM

Mantis has. we are open minded and if it makes sense (merchant proved leak to restaurant or landscaper has shown his truck broke for a week etc etc) will fund its all about merchants situation making sense, of course we need to buy the story not get sold on it.
We are people not computers and understand merchants have life on life issues if we feel it was for that specific reason they paid slow and issue is no longer in play we have made offers and funded.

**Michael I** · 09-01-2016, 02:44 PM

Originally Posted by mcaguru

Mantis has. we are open minded and if it makes sense (merchant proved leak to restaurant or landscaper has shown his truck broke for a week etc etc) will fund its all about merchants situation making sense, of course we need to buy the story not get sold on it.
We are people not computers and understand merchants have life on life issues if we feel it was for that specific reason they paid slow and issue is no longer in play we have made offers and funded.

wow i saw you recently fund someone that burnt yellowstone for a hundred grand . i just assumed it was bad underwriting

**mcaguru** · 09-01-2016, 04:35 PM

Our underwriters are like F-16 Pilots on the side of Airforce-One on a cloudy night. If we fund a deal that looks bad it was a risk we are willing to take!

**Michael I** · 09-01-2016, 05:31 PM

Originally Posted by mcaguru

Our underwriters are like F-16 Pilots on the side of Airforce-One on a cloudy night. If we fund a deal that looks bad it was a risk we are willing to take!

can yellowstone grab all the money your f 16 just kamikaze

**mcaguru** · 09-01-2016, 05:49 PM

I don't now. We are in a risk bushiness. If it was Risk free everyone would be doing it.

**Zach** · 09-01-2016, 06:17 PM

If the client has real estate collateral, WBL can provide funding to clients who has previous defaults or slow pays.

**NoBigDeal** · 09-02-2016, 11:23 AM

Originally Posted by Michael I

wow i saw you recently fund someone that burnt yellowstone for a hundred grand . i just assumed it was bad underwriting

What's the name of business? If the merchant defaulted, I'd like to keep my eyes out for it
Thanks

**Davincinc** · 09-02-2016, 11:20 PM

ironwood

**EmpireRoth** · 09-06-2016, 02:39 PM

Please give me a call when you get a chance at 646 930 4338. Would like to take a look at this deal. Thanks

Nathan Roth-- direct lender
Empire funding- 1022 Avenue M, Brooklyn NY 11230
Direct (646-930-4338)
email: nathan@empirefunding.com

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