who can fund a merchant with criminal background?
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  1. #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.

  2. #2
    Senior Member Reputation points: 7360
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    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. :-)

  3. #3
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    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

  4. #4
    I have had success funding clients with criminal history.
    potheguy@nationalbusinesscapital.com

  5. #5
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    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.

  6. #6
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    Quote Originally Posted by Steven_O View Post
    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.
    If Steven O cant get it done then no one funding it
    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

  7. #7
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    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.

  8. #8
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    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

  9. #9
    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.

  10. #10
    We can do this at Strategic. PM me.

    John Costigan
    jcostigan@sfscapital.com

  11. #11
    Quote Originally Posted by JCsfscapital View Post
    We can do this at Strategic. PM me.

    John Costigan
    jcostigan@sfscapital.com
    You sure about that? - You also said that Strategic was now in the Equipment Finance Game.

    It's weird to see somebody with an sfscapital.com email domain promoting their services like a gmail.com broker.

  12. #12
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    Quote Originally Posted by Skytop View Post
    You sure about that? - You also said that Strategic was now in the Equipment Finance Game.

    It's weird to see somebody with an sfscapital.com email domain promoting their services like a gmail.com broker.
    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

  13. #13
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    Quote Originally Posted by Premierecapfunding View Post
    merchant has amazing numbers quarterspot killed the deal for criminal history. need to find a lender who can fund him.
    We RARELY decline a deal due to credit or criminal history. I'm a great resource for a deal like this.

  14. #14
    Strategic just declined something yesterday for criminal history - assault

  15. #15
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    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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