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02-08-2017, 05:25 PM #1
- Join Date
- Feb 2017
- Posts
- 1
who can fund a merchant with criminal background?
merchant has amazing numbers quarterspot killed the deal for criminal history. need to find a lender who can fund him.
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02-08-2017, 05:32 PM #2
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
depends upon the criminal background. If you have someone who got caught smoking a joint, I'm not going to worry about it. If you have Grand Larceny, it might be an issue. :-)
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02-08-2017, 05:41 PM #3
- Join Date
- Dec 2013
- Posts
- 4,713
Depending on the crime and how long ago.
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
覧覧覧覧覧覧覧覧覧覧覧覧覧
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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02-09-2017, 08:08 AM #4
- Join Date
- Jan 2017
- Posts
- 9
I have had success funding clients with criminal history.
potheguy@nationalbusinesscapital.com
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02-09-2017, 08:28 AM #5
- Join Date
- Oct 2014
- Location
- Naples, FL
- Posts
- 476
Did you ask your client about it? I've had deals killed at Quarterspot for criminal, to only clarify that it was someone else who came up on a name search. Asking your client will also provide you with leverage on selling a more expensive deal since most likely a high-risk funder will do it (like Yellowstone). If you need help - I can teach you how to get it done.
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02-09-2017, 11:07 AM #6
- Join Date
- Dec 2013
- Posts
- 4,713
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
覧覧覧覧覧覧覧覧覧覧覧覧覧
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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02-09-2017, 11:17 AM #7
- Join Date
- Jun 2015
- Posts
- 3,326
Like the rest said it is really dependent on what it is ? I have a merchant now that did bad checks and wire fraud, no one is touching it . While I had a merchant that put nitro in a limousine and raced when he was 18 and funded it with A lenders.
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02-09-2017, 11:35 AM #8
- Join Date
- Aug 2014
- Posts
- 620
I can most likely get this done depending on what the crime was and how long ago. I've seen deals get killed for an offense that happened over a decade ago which really makes no sense to me, most people learn from their mistakes. This is MCA not Chase, Wells, Etc. If you are not already set up with a rep over here at Yellowstone and would like to discuss your deal in further detail, 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
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02-09-2017, 01:35 PM #9
- Join Date
- Mar 2015
- Posts
- 62
I've gotten a deal exactly like this done at Accord in the past. They're pretty creative, but you're talking about much different programs than A paper lenders like Quarterspot.
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02-09-2017, 02:39 PM #10
- Join Date
- Jan 2017
- Posts
- 57
We can do this at Strategic. PM me.
John Costigan
jcostigan@sfscapital.com
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02-09-2017, 03:21 PM #11
- Join Date
- Mar 2015
- Posts
- 62
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02-09-2017, 04:26 PM #12
- Join Date
- Aug 2014
- Posts
- 620
According to all their recent posts, Strategic can do just about anything.
Anthony Saracino
Senior Funding Coordinator
Yellowstone Capital LLC
Direct: (516)-282-0933
Fax: (646)-403-3092
Cell: (201)-523-2596
Asaracino@Yellowstonecap.com
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02-09-2017, 06:44 PM #13
- Join Date
- Jun 2016
- Posts
- 416
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03-06-2018, 01:26 PM #14
- Join Date
- Jun 2015
- Posts
- 3
Strategic just declined something yesterday for criminal history - assault
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03-06-2018, 02:19 PM #15
- Join Date
- Jul 2017
- Posts
- 105
I rarely decline because of criminal history. I can fund him as soon as you're ready.
Direct Funder | MCA | Public Companies | Convertible Notes | Hard Money
D. 516-667-6817
paul@coolidgecapital.com
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