Results 1 to 14 of 14
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05-09-2017, 12:15 AM #1
- Join Date
- Jun 2016
- Location
- Atlanta, GA
- Posts
- 9
Sub 500 credit score, prior defaulted MCA
I have merchant (contractor) with a 463 credit score that previously defaulted on a MCA with Swift Capital in 2015. He has since settled with Swift and is currently making monthly payments. He has an approximate balance of $8,000. He is looking to payoff his balance and net the difference. He is also willing to accept a 2nd position. The business averages approximately $30,000 per month in deposits. Inbox me if you can fund this deal.
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05-09-2017, 01:01 AM #2
- Join Date
- Oct 2016
- Posts
- 4,318
There is zero chance of funding this.
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05-09-2017, 05:07 AM #3
- Join Date
- Mar 2016
- Posts
- 335
What state?
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05-09-2017, 07:53 AM #4
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05-09-2017, 08:15 AM #5
- Join Date
- Oct 2016
- Posts
- 4,318
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05-09-2017, 09:28 AM #6
- Join Date
- Apr 2014
- Posts
- 781
463 credit score..tells me very unlikely he has equity in a home or even owns anything.
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05-09-2017, 11:07 AM #7
good luck I had a 700 fico score with prior default paid in full no one would even consider the story in the MCA world.
WBL offered something like a 1.49 with real estate.LOL.
Had to take him outside of MCAs to fund
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05-09-2017, 11:10 AM #8
- Join Date
- Apr 2017
- Posts
- 16
WBL now has the ability offer a variety of different pricing options.
Feel free to give me a call to discuss.
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
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05-09-2017, 04:34 PM #9
- Join Date
- Dec 2013
- Location
- Connecticut
- Posts
- 332
If he legitimately suffered a hardship at the time and cash flow is strong currently, shoot me a message. I can help broker this deal.
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05-10-2017, 09:44 AM #10
- Join Date
- Jun 2016
- Location
- Atlanta, GA
- Posts
- 9
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05-10-2017, 06:21 PM #11
- Join Date
- Dec 2013
- Posts
- 4,713
Sub 500 is right up my alley. is revenues are OK.
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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05-12-2017, 04:31 PM #12
- Join Date
- Jun 2016
- Location
- Atlanta, GA
- Posts
- 9
I'm already signed up with you guys. Let me know where to submit and I'll submit the file to your company. We don't typically get clients with credit score this low.
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05-12-2017, 04:47 PM #13
- Join Date
- Apr 2013
- Location
- Basalt CO
- Posts
- 867
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05-14-2017, 11:33 AM #14
- Join Date
- Jun 2016
- Location
- Atlanta, GA
- Posts
- 9
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