[brokerCompany]

Merchant does $3M decent bank a few NSFs.
Problem is some databases show him as defaulting on IOU. He did get on payment plan and almost paid off everything including interest. Who can consider this?

[WestCoastFunding]

Merchant does $3M decent bank a few NSFs.
Problem is some databases show him as defaulting on IOU. He did get on payment plan and almost paid off everything including interest. Who can consider this?

Not getting a 12 month MCA.

[Anthony@WBL]

Merchant does $3M decent bank a few NSFs.
Problem is some databases show him as defaulting on IOU. He did get on payment plan and almost paid off everything including interest. Who can consider this?

Dear Broker Company,

If the Merchant has RE this may be something that WBL would consider.

Please feel free to give me a call.

Best,

Anthony DeLeonardo
Vice President | Regional Wholesale Manager

World Business Lenders
101 Hudson Street, 33rd Floor
Jersey City, NJ 07302

Direct: (646)880-8035
Fax: (551)267-6714
Email: adeleonardo@wbl.com

www.wbl.com

[Chambo]

Merchant does $3M decent bank a few NSFs.
Problem is some databases show him as defaulting on IOU. He did get on payment plan and almost paid off everything including interest. Who can consider this?

Defaulted on IOU? I doubt you will get any substantial offers. And if you happen to find someone who will make an offer, there will be no room for negotiations. The merchant is pretty much out of options in this alt-fin marketplace

[RickyR3712]

You need iou to renew and then you can get him a second at 12 months.Otherwise chambo is right

[Chambo]

You need iou to renew and then you can get him a second at 12 months.Otherwise chambo is right

If they defaulted on IOU, there will be no forthcoming offers from IOU

[anonymous]

You need iou to renew

lol good luck with that. have to agree with chambo here...

[RickyR3712]

If they defaulted on IOU, there will be no forthcoming offers from IOU

haha it was a nice way of saying to broker company that merchant did default and do not try selling some bull **** story.

[bdshaw]

haha it was a nice way of saying to broker company that merchant did default and do not try selling some bull **** story.

Your client may qualify for a different product outsside of the MCA space where defaults and OGD's are not as important
Bob Shaw
734-929-3800
rshaw@ironhorsecredit.com

[brokerCompany]

Is this AR invoice factoring? Merchant is not open to that

Your client may qualify for a different product outsside of the MCA space where defaults and OGD's are not as important
Bob Shaw
734-929-3800
rshaw@ironhorsecredit.com

[abfunders]

The merchant might not want direct factoring, but what about a LOC based on the A/R? Doesn't need to redirect the billing to another company - stays completely local. Is he B2B?

Email me for some details.

[Kevin Henry-Seacoast]

The merchant might not want direct factoring, but what about a LOC based on the A/R? Doesn't need to redirect the billing to another company - stays completely local. Is he B2B?

Email me for some details.

So let me get this straight..... The Company defaulted with another financial institution and somebody would be willing to offer a LOC without notification or control of cash.

[abfunders]

So let me get this straight..... The Company defaulted with another financial institution and somebody would be willing to offer a LOC without notification or control of cash.

You might be onto something there Kevin.... Very good question indeed.
It happens to be that the other company does have access to the cash. They setup a bank account that the LOC company has joint access to. It's probably not read-only if you get my drift.
But I'm not sure.

Besides, and I'll admit to it also, you are the very best in this field with an awesome reputation for a reason.