Results 1 to 9 of 9
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03-09-2017, 04:13 PM #1
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- Mar 2017
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- 23
Slow Pay???
Does anyone know of a lender that will fund a merchant that slow paid an advance in the past?
Solid revenue ($50k+ monthly), ok credit but restructured an advance back in 2015
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03-09-2017, 04:29 PM #2
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- Mar 2016
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- 186
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03-09-2017, 04:55 PM #3
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- Dec 2013
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- 4,713
if they paid off ..good chance will fund your client and of course pay a double digit commission with (too) few stips (for my liking ) but got to make it easy on the hard working ISO's!
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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03-09-2017, 05:53 PM #4
- Join Date
- Aug 2014
- Posts
- 620
I can get this done as long as they didn't default on them, we aren't looking at 2015 statements here. If there is a UCC filed we will look into that though. If you are not already set up with a rep over here at Yellowstone, please feel free to reach out.
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03-09-2017, 06:00 PM #5
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- Oct 2016
- Posts
- 4,318
If you mean "reduced payments" I've seen EBF do this on a file where the reduced payment was 3 months back. This was a 2nd position.
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03-09-2017, 06:02 PM #6
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- Mar 2016
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- 186
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03-09-2017, 06:13 PM #7
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- Jun 2015
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- 3,327
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03-09-2017, 07:26 PM #8
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- Oct 2016
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03-09-2017, 07:57 PM #9
- Join Date
- Aug 2014
- Posts
- 620
Slow Pay???
We don't use datamerch, never even heard of it. What I said in my previous post was that if the merchant ultimately paid in full and didn't default, I can get this done pending current revenue, balances, etc. If it did happen to get killed on funding it won't be because we went back to look at 2015's statements.
Last edited by Anthony@torro; 03-10-2017 at 12:10 AM.
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