Immigrant Merchant
Need a Funder or Vendor? START HERE

Results 1 to 6 of 6
  1. #1

    Immigrant Merchant

    Merchant has excellent credit and manages accounts excellently as well - TIB 15years

    have gotten 70k and 50k offers from tier 1.

    The catch, he can't prove citizenship, all lenders have been declining him.

    Anyone here can?

  2. #2
    Senior Member Reputation points: 5777
    Join Date
    Mar 2016
    Posts
    335

    What type of work is he doing? If he would be interested in factoring, we could look at this.
    ---
    Bill Doody
    Round Table Financial
    Business Development Officer
    bill@rtfinancialgroup.com
    C: (949) 444-3346

    www.rtfinancialgroup.com

  3. #3
    Owns a restaurant.

  4. #4
    Senior Member Reputation points: 39760
    Join Date
    Oct 2014
    Location
    Naples, FL
    Posts
    476

    50 and 70k with what term and factor?

    I know a funder that will take them, so as long as the paper is clean and the guy is on the up and up. But you're looking at max 7 months, factor of 1.45 with a prepayment discount for the first 60 days (1.20 in the first 30 days, 1.30 in the second month).

    Let me know if you'd like me to co-broker this for you.

    PM me if you'd like me to get this done.

  5. #5
    Cooper does not require proof of citizenship. But again, we are going to offer C or D rates, not Tier 1-

    Robert S Bloink
    EVP of ISO Partnerships
    Direct: 248-341-9477
    Email: bb@cooperasset.com
    Web: www.cooperasset.com
    logo-01smaller.jpg

  6. #6
    Senior Member Reputation points: 54989
    Join Date
    Dec 2013
    Posts
    4,713

    Did Cresthill/mantis decline ?
    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

Similar Threads

  1. Replies: 6
    Last Post: 04-17-2015, 04:00 PM
  2. Amazon's new Merchant Cash Advance (merchant financing) Program
    By Sean Cash in forum Merchant Cash Advance
    Replies: 3
    Last Post: 01-04-2013, 01:16 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Blue Owl Capital acquires Atalaya
Kansas added to disclosure service tool
FIS launches SMB digital lending


DIRECTORY