MCA who will fund borrower with NSFs
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  1. #1

    MCA who will fund borrower with NSFs

    Any lenders who can lend to a borrower with multiple NSFs? Borrower is growing too fast and bouncing checks.

  2. #2
    Veteran Reputation points: 159120 J.Celifarco's Avatar
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    I dont know what bank you should go to, but I must say I like the story excessive growth leads to excessive NSF.. That is the first for that excuse for NSF's and I like it
    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

  3. #3
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    Cresthill / Mantis approves files with high # of NSF's. (however its always case by case once its gets really high)...
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    ——————————————————————————
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  4. #4
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    I'd be happy to take a look at the file and see what we can do. Feel free to send me your email address via PM or shoot me an email directly and I'll send you over an ISO agreement.
    Jahnae Allen
    Sr. Funding Coordinator

    Direct: (386) 215-6580
    Email: jallen@1080funding.biz


    1080 Premium Funding
    163 Sand Pebble Circle
    Port Orange, FL 32129

  5. #5
    Senior Member Reputation points: 32658 Zach's Avatar
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    LoanMe and WBL may be the only options for a borrower like this
    Zachary Ramirez – CEO
    Phone: 562-391-7099
    Email: zach@zacharyjosephramirez.com

    1661 N. Raymond Ave #265
    Anaheim CA 92801

  6. #6
    Senior Member Reputation points: 9546
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    Quote Originally Posted by robyn1515 View Post
    Any lenders who can lend to a borrower with multiple NSFs? Borrower is growing too fast and bouncing checks.
    How many negative days are we talking about per month? Does merchant have overdraft protection?

  7. #7
    Senior Member Reputation points: 6585
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    I do find it strange that all you Funders didn't even ask how much the monthly deposits are or if they take credit cards

  8. #8
    Senior Member Reputation points: 203690
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    Quote Originally Posted by mcaguru View Post
    Cresthill / Mantis approves files with high # of NSF's. (however its always case by case once its gets really high)...
    what do you consider really high number? what is your max nsf amount

  9. #9
    Senior Member Reputation points: 13820
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    Most funders (ourselves included) will fund merchants with NSFs...it's just a matter of how many they have.

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