Results 1 to 11 of 11
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12-20-2016, 07:58 PM #1
- Join Date
- Aug 2016
- Posts
- 5
Funding someone who defaulted a year or so ago with solid statements
I have a few merchants who defaulted on a tier 1 lender over a year or more ago. He has a solid business and is looking for a decent deal. Averages about 50k plus monthly daily balance average $3000 more daily its a landscaping business
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12-20-2016, 08:51 PM #2
- Join Date
- Jul 2015
- Posts
- 1,202
Let's see, CAN UCCs?
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12-20-2016, 09:07 PM #3
- Join Date
- Aug 2016
- Posts
- 118
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12-20-2016, 09:47 PM #4
- Join Date
- Nov 2016
- Posts
- 18
Funding someone who defaulted a year or so ago with solid statements
I have a strong deal, same scenario, defaulted 2 months ago on 2'nd position. Is settling account. Pays 1st position like a champ, strong 100k+, where can I go with this. Thanks
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12-21-2016, 02:00 AM #5
- Join Date
- Jul 2013
- Posts
- 352
Is this merchant comfortable with a 1.49 over 60 payments and a COJ? No? Would you syndicate ?
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12-21-2016, 12:03 PM #6
- Join Date
- Oct 2016
- Location
- Orlando, FL
- Posts
- 16
I can get these types of files funded for you. If shoot me an email, I'll be happy to get an ISO agreement out to you.
Jahnae Allen
Sr. Funding Coordinator
Direct: (386) 215-6580
Email: jallen@1080funding.biz
1080 Premium Funding
163 Sand Pebble Circle
Port Orange, FL 32129
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12-21-2016, 12:05 PM #7
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12-21-2016, 12:10 PM #8
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12-21-2016, 12:23 PM #9
- Join Date
- Oct 2016
- Posts
- 4,318
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12-21-2016, 12:24 PM #10
- Join Date
- Feb 2016
- Posts
- 245
Why would you fund a merchant that defaulted ? They don't care about you, They're just going to do it again.
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12-21-2016, 03:12 PM #11
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Funding someone who defaulted a year or so ago with solid statements
Defaulting on an advance has minimal affect on factoring their receivables. if they would qualify for factoring we can usually work with other borrowers to get a first lien position and help them get paid while providing the client with a credit line.
Bob Shaw
rshaw@ironhorsecredit.com
734-929-3800
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