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  1. #1
    Senior Member Reputation points: 4936 HFS's Avatar
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    Looking for the INSANE

    Any funders are crazy enough to pay off 4 high risk lenders?

  2. #2
    Senior Member Reputation points: 32550 Funder Mark's Avatar
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    Wbl

  3. #3
    Veteran Reputation points: 159120 J.Celifarco's Avatar
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    none that I know of. The banks that I used that did 3 really only will do 2 now.. The banks were burned too many times, they pay off the balances then these funders come right back and stack on the new advance.
    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

  4. #4
    Senior Member Reputation points: 107104
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    if you do it with companies like funding circle. I do not think they can differentiate between what we will call A or high risk lenders.

  5. #5
    Senior Member Reputation points: 7360
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    Depends upon the circumstances. If the client is self-inflicting financial pain on his business by taking out successive cash advances to pay off last month's advance, it would not fit for me. But if the client used the advances for a valid purpose (TBD) and can justifiably get along without future advances after a consolidation (yeah, I know, they all say they can but some actually can and do) then we might have a shot.

    Feel free to send me the particulars and I can see if there is any meat on the bone for you. I'm booked with client interviews today so will be difficult to reach by phone, but could probably respond to email.

    Best,

    Dan Page
    dan@fundingstrategypartners.com
    Direct: (303) 938-8280

  6. #6
    Senior Member Reputation points: 32658 Zach's Avatar
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    Dan Page or myself
    Zachary Ramirez – CEO
    Phone: 562-391-7099
    Email: zach@zacharyjosephramirez.com

    1661 N. Raymond Ave #265
    Anaheim CA 92801

  7. #7
    Senior Member Reputation points: 68233
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    Quogue, NY
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    Our firm has arranged pay offs on as many as 13 positions- 9 I believe were high risk.

    Senior Debt, revenue (and gross profit margin), prospects for growth, and collateral are the determining factors.

    Feel free to touch base if you would like assistance..

    Richard

    rg@businesscapitalconsultants.com

    775 Park Avenue Suite 255
    Huntington, NY 11743

  8. #8
    Senior Member Reputation points: 5777
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    What kind of business?

  9. #9
    Senior Member Reputation points: 9546
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    Quote Originally Posted by HFS View Post
    Any funders are crazy enough to pay off 4 high risk lenders?
    I can do an incremental consolidation. We usually don't offer this new product to new ISOs but I am slowly rolling it out to credible ISOs....

    Let's see if we are a fit.

  10. #10
    Senior Member Reputation points: 27404
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    Dec 2015
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    Texas
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    term loans and consolidations

    That's my wheel house!

    Call me

    Steven
    Davincinc.com
    2102904102
    Steven Jones
    www.davincinc.com
    Steven@davincinc.com
    PH: 210-290-4102
    "We can beat your offer!"



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