250-500k without tax returns
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  1. #1

    250-500k without tax returns

    I have a deal where the guy does 1mill a month, has taken 500k before from another lender. The problem is the guy has an extension and hasn't filed since 2014. I'm not too sure why he hasn't gotten his recent tax returns Anyone out there that would fund 250-500k with out tax returns ?

  2. #2
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    What's your estimate on the tax penalty incurred since the end of the extension? Did he not pay anything for 2015 along the way (estimated)? Sounds like they are looking to fund that liability.

  3. #3
    Senior Member Reputation points: 32658 Zach's Avatar
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    World Business Lenders will consider loans of that size without tax returns or financials.
    Zachary Ramirez – CEO
    Phone: 562-391-7099
    Email: zach@zacharyjosephramirez.com

    1661 N. Raymond Ave #265
    Anaheim CA 92801

  4. #4
    Senior Member Reputation points: 13596 isaacdstern's Avatar
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    YSC can take a look
    800-975-4722

  5. #5
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    I don't believe Dan Page's program requires tax returns.

  6. #6
    Quote Originally Posted by WestCoastFunding View Post
    I don't believe Dan Page's program requires tax returns.
    In fact his program does...along with P/L and EVERY other document that you could think of.

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    Why have you copied my handle?

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    There's only one John Galt around here. Now where's Hank Rearden and Howard Roark?
    Last edited by MCNetwork; 02-02-2017 at 12:39 PM.
    Archie Bengzon
    Jumpstart Capital
    archie@jumpstartcapital.biz
    www.jumpstartcapital.biz

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    Hmm. an edumacated MCA guy...will wonders never cease?

  10. #10
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    Quote Originally Posted by John Galt View Post
    Hmm. an edumacated MCA guy...will wonders never cease?
    "Nobody can make you feel inferior without your consent." -Eleanor Roosevelt

  11. #11
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    Lmao.

  12. #12
    Imagine that, earning under 15k annually, yes still need to file.

  13. #13
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    Quote Originally Posted by WestCoastFunding View Post
    I don't believe Dan Page's program requires tax returns.
    No, really, he doesn't. He requires 3 years financials, debt schedule, application and bank statements.

    In the finance world that is hardly very substantial.

  14. #14

    250-500k without tax returns

    Yeah, thanks. Great talk guys

  15. #15
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    Quote Originally Posted by carranza92 View Post
    I have a deal where the guy does 1mill a month, has taken 500k before from another lender. The problem is the guy has an extension and hasn't filed since 2014. I'm not too sure why he hasn't gotten his recent tax returns Anyone out there that would fund 250-500k with out tax returns ?
    Majority of my underwriters never ask for tax returns.

  16. #16
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    Sorry for the late response to this post, just came across it. The only stips I would need here are driver's license, void check, and business license, nothing more. If they recently took 500k as you posted then 250k on a second is very doable pending their ending daily balances. If you are not already set up with a rep over here at Yellowstone, please feel free to reach out.

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

  17. #17
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    Quote Originally Posted by carranza92 View Post
    I have a deal where the guy does 1mill a month, has taken 500k before from another lender. The problem is the guy has an extension and hasn't filed since 2014. I'm not too sure why he hasn't gotten his recent tax returns Anyone out there that would fund 250-500k with out tax returns ?
    This is not a problem for me.

  18. #18
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    250-500k without tax returns

    Does your client have commercial receivables and is it The individual or business that has not filed taxes.
    Bob

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