Top Second Position Funders
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  1. #1

    Top Second Position Funders

    Who are the top funders that will take a 2nd postion for A\B paper?

  2. #2
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    Top Second Position Funders

    Ok. Well the search bar is a great feature I check before posting. Figuring this topic has been discussed many many many times. People google all sorts of stuff- same concept.

  3. #3
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    All of them that do A paper. They may even buy out the first if its a strong file.

  4. #4
    Quote Originally Posted by sigmundpannu View Post
    Ok. Well the search bar is a great feature I check before posting. Figuring this topic has been discussed many many many times. People google all sorts of stuff- same concept.
    Already done that. That's the advice I always give out.

    The search feature on this forum isn't the great. Plus, times change, and a lot of the posts that came up were somewhat old.

    Merchant has a Kabbage line of credit which is the "1st position." He doesn't want to get a payoff letter because what I heard is Kabbage will close the LOC if it's paid off in that way.

    QuarterSpot? IOUCentral? Are these still the go to?

  5. #5
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    Top Second Position Funders

    [edit -- redundant comment]
    Last edited by Cfairbank; 11-05-2016 at 10:44 AM.
    Carl Fairbank
    Founder & CEO boldMODE
    www.boldmode.com
    Carl@boldmode.com
    Founder & former CEO of Breakout Capital (sold to SecurCapital in 2019)
    www.breakoutfinance.com

  6. #6
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    Quote Originally Posted by RFunding View Post
    Already done that. That's the advice I always give out.

    The search feature on this forum isn't the great. Plus, times change, and a lot of the posts that came up were somewhat old.

    Merchant has a Kabbage line of credit which is the "1st position." He doesn't want to get a payoff letter because what I heard is Kabbage will close the LOC if it's paid off in that way.

    QuarterSpot? IOUCentral? Are these still the go to?
    Yes for second position, however some first position don't count kabbage

  7. #7

  8. #8
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    Quarterspot wouldn't consider a lender that isn't pulling daily or weekly as a position. Please feel free to PMD and we can review.

  9. #9
    Senior Member Reputation points: 34509 Jstarr's Avatar
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    i dont know, prob pearl, ysc, and dont forget marcus at cresthill.
    Jerry Starr
    Insource Funding
    433 Plaza Real,
    Boca Raton, Fl 33432
    P: 800-805-3391 Fx: 561-270-6895
    insourcefunding.net

    WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL

    ◆ 50% LTV - No Fico Required
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  10. #10
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    Top Second Position Funders

    First merchant, vital cap, power up. Good guys.

  11. #11
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    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

  12. #12
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    Yellowstone, Pearl, Everest and Knight do not consider Kabbage an advance.

  13. #13
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    Quote Originally Posted by tgabcmca View Post
    Yellowstone, Pearl, Everest and Knight do not consider Kabbage an advance.
    lol, thanks for that invaluable information

  14. #14
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    Top Second Position Funders

    We will pay off and take 2nd in certain circumstances. Or do a straight 2nd position.

    Mike@samsonfunding.com
    347-492-1801

  15. #15
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    If you want a real 2nd - 5th position lender, Call CFG Merchant Solutions.

    We give your merchant the deal they are looking for, not the other way around.

    Call for more info.

    Lmonus@cfgms.com
    Direct: 516-319-5826

  16. #16
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    Quote Originally Posted by Lmonus View Post
    If you want a real 2nd - 5th position lender, Call CFG Merchant Solutions.

    We give your merchant the deal they are looking for, not the other way around.

    Call for more info.

    Lmonus@cfgms.com
    Direct: 516-319-5826
    Lior at CFG is great, have done a few deals with him.

    Here at YSC we can give very aggressive 2nd position offers as well. Feel free to reach out if you are not already set up with a rep over here.

    Anthony Saracino
    Senior Funding Coordinator
    Yellowstone Capital LLC
    Direct: (516)-282-0933
    Fax: (646)-403-3092
    Cell: (201)-523-2596
    Asaracino@Yellowstonecap.com

  17. #17
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    Mantis/Cresthill makes fastest offers / fewest stips / Adjustment department to adjust offers / double digit commissions / (lately our offers seem to be somewhat larger then past)...
    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

  18. #18
    Evolution Capital Group
    (P)-888-624-2561
    (F)-888-316-8857
    funding@evocapitalgroup.com

  19. #19
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    Quote Originally Posted by RFunding View Post
    Already done that. That's the advice I always give out.

    The search feature on this forum isn't the great. Plus, times change, and a lot of the posts that came up were somewhat old.

    Merchant has a Kabbage line of credit which is the "1st position." He doesn't want to get a payoff letter because what I heard is Kabbage will close the LOC if it's paid off in that way.

    QuarterSpot? IOUCentral? Are these still the go to?
    SOS still considers this file a 1st.

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