Results 1 to 17 of 17
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12-12-2016, 12:31 PM #1
- Join Date
- Oct 2016
- Posts
- 9
Who would fund a merchant that defaulted?
A first position seeking 100k... 200k monthly gross...
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12-12-2016, 12:45 PM #2
seriously? they defaulted on another fund, and you want a new fund to extend $100K to them?
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12-12-2016, 01:17 PM #3
I am sure WBL will do it if they have RE
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12-12-2016, 01:44 PM #4Zachary Ramirez CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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12-12-2016, 01:48 PM #5
- Join Date
- Nov 2013
- Posts
- 598
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12-12-2016, 01:55 PM #6
- Join Date
- Oct 2016
- Posts
- 9
How quick does wbl fund?
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12-12-2016, 01:56 PM #7
- Join Date
- Jun 2015
- Posts
- 3,325
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12-12-2016, 01:59 PM #8Zachary Ramirez CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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12-12-2016, 02:24 PM #9
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Who would fund a merchant that defaulted?
No your not Zack. If they qualify for receivable financing and we can work with the defaulted lender we would entertain factori,g their receivables.
Bob Shaw
734-929-3800
rshaw@ironhorsecredit.com
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12-12-2016, 02:24 PM #10
- Join Date
- Dec 2013
- Posts
- 4,713
what was the circumstances that lead to him defaulting ?
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
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12-12-2016, 03:21 PM #11
- Join Date
- Jul 2015
- Location
- Tampa Florida
- Posts
- 501
We have done this a couple times in the past. It has worked out in both situations so I'd be happy to look at it. They'd have to qualify for CC split and convert their processing to Sterling.
Jason H l Sales & Business Development
Quikstone Capital Solutions l Tampa FL
Direct Line & Mobile 813-371-8233 l Fax 813-371-8233 l Text 727-492-8812
Jason.Hausle@quikstonecapital.com
www.quikstonecapital.com
Direct Lender Since 2005
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12-12-2016, 05:23 PM #12
- Join Date
- Aug 2016
- Posts
- 831
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12-13-2016, 12:30 PM #13
- Join Date
- Oct 2016
- Posts
- 9
Who would fund a merchant that defaulted?
How quick can I do an invoice factor?
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12-13-2016, 12:31 PM #14
- Join Date
- Oct 2016
- Posts
- 9
Who would fund a merchant that defaulted?
And what commissions can I get as an ISO?
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12-13-2016, 12:39 PM #15
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,490
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12-13-2016, 12:59 PM #16
- Join Date
- Dec 2013
- Posts
- 4,713
I agree....! On a side Note for Chambo to keep in mind...that hes making a living and paying his bills of the backs of defaulted merchants (at this point hes rolling his eyes and thinking i'm accusing him of something...read on..) but if not for defaults everyone and their mother would be funding merchants and since no defaults rates would be 1.05-1.11 and commissions would be with bonus $99.00 bucks
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
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12-13-2016, 01:35 PM #17
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