Tough Deal
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  1. #1
    Senior Member Reputation points: 1018
    Join Date
    Oct 2012
    Posts
    142

    Tough Deal

    Does anyone know of a lender that will loan an ISO on monthly processing volume? The catch is that the individual does not want the repayment method by redirecting the monthly processing residuals, but by monthly ACH. Processing volume is about $11K/month, looking for $30K.

    Thanks for your help everybody.

    Howie Dane
    Funding Sources for Business
    (847) 831-4118

    president@fundingsourcesforbusiness.com

  2. #2
    Senior Member Reputation points: 18402
    Join Date
    Apr 2014
    Posts
    781

    No

  3. #3
    Senior Member Reputation points: 27404
    Join Date
    Dec 2015
    Location
    Texas
    Posts
    552

    tough one

    Merchant would have to collateralize something even then getting more than 13% of his annual deposits will be hard.

    No one is doing monthly for 30k unless approved by Liftforward or wbl....

    Try an sba loan
    Steven Jones
    www.davincinc.com
    Steven@davincinc.com
    PH: 210-290-4102
    "We can beat your offer!"

  4. #4

    Tough Deal

    If the borrower is seeking a loan against cc residuals, we have few options that would not require a redirect of residuals. e: sam@lendersbox.com

  5. #5
    Senior Member Reputation points: 3824
    Join Date
    Oct 2014
    Posts
    257

    Tough Deal

    Go to supergfunding

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

    Not sure about this specific deal. HOWEVER REGARDING CREDIT SCORES We have been slowly over looking more and more the credit scores and rely on revenues and daily balances --- if those are OK almost always an offer will be made.

    Offer are made in a few HOURS with fewest stips! we love getting back your contracts and funding your clients in the speediest fashion! !!!!
    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

  7. #7
    Banned Reputation points: 1051
    Join Date
    Oct 2016
    Location
    New York
    Posts
    36

    do ur self a favor get on the phone and get a new deal... why u guys love trying to help dead deals...

    i got over 100 apps of guys who do over 100k a month who can't get even 1k from crest hill. if anyones interested $5k or a bridge in brooklyn.

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