[TheChoice]

Hey Guys-

I have a quick question for the high risk lenders out there.....


Do any of you gentlemen fund companies who have "Corporate Turnaround" in the bank statements?


if you do, please shoot me a DM.


Kindly,


TheChoice

[Funder Mark]

I would say no one will, if Corporate Turnaround is in there, it means the client defaulted on someone else.

[The Chosen One]

F*ck corporate turnaround!

[Kevin Henry-Seacoast]

Sent a PM

[Anthony@torro]

Hey Guys-

I have a quick question for the high risk lenders out there.....


Do any of you gentlemen fund companies who have "Corporate Turnaround" in the bank statements?


if you do, please shoot me a DM.


Kindly,


TheChoice

You know the merchant is a proven scumbag, why even try to help them?

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

[Zach]

WBL will fund borrowers who have used corporate turnaround before. We will give a much more cautious offer, but it will not prevent us from funding.

[NoBigDeal]

Hey Guys-

I have a quick question for the high risk lenders out there.....


Do any of you gentlemen fund companies who have "Corporate Turnaround" in the bank statements?


if you do, please shoot me a DM.


Kindly,


TheChoice

Waiting for Marcus to chime in that they'd consider...and then retract after he reads the initial post

[Kevin Henry-Seacoast]

Hey Guys-

I have a quick question for the high risk lenders out there.....


Do any of you gentlemen fund companies who have "Corporate Turnaround" in the bank statements?


if you do, please shoot me a DM.


Kindly,


TheChoice

We will provide factoring facilities or asset based lines of credit for companies that have hired corporate turnaround professionals or operational improvement advisors. The Company must be selling to commercial customers, revenues that exceed $5mil/year, and good reason for decline of business. Typical reasons for decline:

-Lost a key customer
-Industry slowdown
-Management issues-NOT owner issues.

Not all companies in decline are bad. Sometimes bad things happen to companies and they seek professional help. Turnaround and Operational Improvement Professionals have been some of my best sources of referrals. If something bad happened to a company and they sought help....I actually feel more comfortable about the situation.

[Vfunding]

Please excuse my ignorance but why would anyone lend to a company that has an obvious predisposition to (very recently) taking on too much debt and hiring debt negotiators? How badly do funders need to deploy funds?????

[Kevin Henry-Seacoast]

Please excuse my ignorance but why would anyone lend to a company that has an obvious predisposition to (very recently) taking on too much debt and hiring debt negotiators? How badly do funders need to deploy funds?????

There is a huge difference between over leveraging your Company, committing fraud, or miss-managing a business VS. Something bad happened to the Company and they needed to hire an advisor. I will always lean about the later......

[Vfunding]

Ya I am not implying the owners are bad people... Just saying that underwriters use historic events/activity to make predictions regarding the future. Hiring a company to settle your debts for less than you owe should be a major flag (at least reason for pause) regarding future creditworthiness.

[brokerCompany]

lets not pretend one of you will fund a corp turn around client in the MCA world.

[ridextreme]

Hey Guys-

I have a quick question for the high risk lenders out there.....


Do any of you gentlemen fund companies who have "Corporate Turnaround" in the bank statements?


if you do, please shoot me a DM.


Kindly,


TheChoice

no, no funder is dumb enough to fund a business that is in a contract with a firm to negotiate all of their debt for pennies on the dollar.

[Zach]

lets not pretend one of you will fund a corp turn around client in the MCA world.

I've funded them before, and I surely will in the future. I am sure Kevin has as well.

[Sean Cash]

I've funded them before, and I surely will in the future. I am sure Kevin has as well.

Zach, is WBL's business model just to build up a real estate portfolio?

[Zach]

Zach, is WBL's business model just to build up a real estate portfolio?

Haha! We do not "loan to own", and we would definitely scrutinize this deal intensely. Due to the collateral we are simply much more flexible than our competitors.

[Sean Cash]

Haha! We do not "loan to own", and we would definitely scrutinize this deal intensely. Due to the collateral we are simply much more flexible than our competitors.

I guess I can't really make fun of you since the crazy Doug Naidus prophecy is starting to come true.

[Zach]

I guess I can't really make fun of you since the crazy Doug Naidus prophecy is starting to come true.

It is coming true, and fast. People will have to stop calling me crazy eventually.

TheBigShortCSHeader.jpg

[Vfunding]

Wait wait wait.... will WBL fund a merchant who is currently in collections with another MCA?? If so I am going to stop trying to make logical arguments.

[Funder Mark]

Wait wait wait.... will WBL fund a merchant who is currently in collections with another MCA?? If so I am going to stop trying to make logical arguments.

WBL doesn't care, because of the real estate in the background.

[Vfunding]

Well I'm gonna go crawl into a hole and try to figure out how I ended up in this business.

[Zach]

Wait wait wait.... will WBL fund a merchant who is currently in collections with another MCA?? If so I am going to stop trying to make logical arguments.

In many cases we absolutely will. There is nothing irrational about it. In fact, in many cases we can help lenders get their funds back. I work with several lenders who send me their defaulted deals so I can help them recover their funds.

[Vfunding]

So this is where CAN got it all wrong? Turns out the key is to throw out conventional credit risk knowledge and just charge 1.75 and take collateral. It's actually very hard to argue with that underwriting model. I might sound very sarcastic but I'm really not. To each their own. Truth be told these days the low rate lenders kind of have the eggs on their faces while somehow the unapologetic high risk expensive guys have their heads held up high with a goofy smirk.

[Karen37a]

I would think that almost any lender who gives an advance or loan thats "secured" would consider it if the secured instrument is worth enough to cover the loss and profit on it if they default.

( and I believe there is nothing wrong with most secured advances or loans, but the more i know, the more I realize ..i might not know )

Are there any laws on extending advances to people who are already negotiating debt because they are in Financial trouble? Thats the question. It could be considered predatory lending...if we were traditional lenders , which we are not.

I am not a lawyer but I have seen people make motions to sever the liens when they found them predatory in nature...not so cut and dry

[ADiamond]

Hey Guys-

I have a quick question for the high risk lenders out there.....


Do any of you gentlemen fund companies who have "Corporate Turnaround" in the bank statements?


if you do, please shoot me a DM.


Kindly,


TheChoice

you have a lot of companies who's underwriting is less than perfect, like EBF & CAN they have been funding a lot of other lender's defaults and there are some other companies who's UW carelessly overlooks UCC's filed, old bank statements, etc and will fund defaults. there are a few other new lenders as well that will fund defaults, they're "high risk" lender specialize in D-ZZ quality paper.