[danra]

I work with a group out of NYC that does an outside the box funding program for MCA clients that are either stacked or who have already gone into debt settlement; but do not yet have any judgments against the business. It is a monthly payment and it pays 10% on the funded to you the ISO.

The program info is as follows:

1. Not an MCA, loan, line of credit or factor agreement.
2. Does not matter how many cash advance positions the client has.
3. Is fully tax deductible (unlike an MCA or loan or loc).
4. Requires no personal guarantee if the business qualifies.
5. Is done strictly off of the businesses tax ID/business credit (no personal credit pull on owner).
6. It does not count as another MCA position and will not affect a consol or renewal.
7. Total Funding amounts to client average from $40,000 to $70,000 between 2 separate fundings (can go as high as $100,000 or more with right clients).
8. Total process takes approx.. 8 to 10 business days for the first funding and 2 to 3 more business days for the second one when applicable.

Client UW Criteria

1. Minimum 4 years in business (registered with the state as Corp, LLC or Professional Corp)
2. No Sole Props
3. No Home Based – Must have a commercial address that is easily verifiable
4. No open tax liens against the business
5. No judgments against the business
6. No bankruptcy on the business less than 10 years old
7. Business itself must have real credit showing in D & B and must be in good standing on D & B (Dun & Bradstreet) – showing a 3 month and a 24 month Paydex above 65 along with a recommendation for unsecured funds from D & B. We will run D & B after a client call at our cost as it is expensive to obtain those reports. We use creditsafe first to see if a call is even worth it, as creditsafe shows a lot of business credit (bad and good) and shows most liens and judgments.
8. Business owner must be competent enough to understand the transaction when you 3 way us in to them to explain it thoroughly and verify their interest.

BENEFITS TO CLIENT:

1. Monthly payment or payments if 2 fundings are secured
2. No personal guarantee
3. No personal credit pull for owner
4. Does not count as a cash advance position
5. Fully tax deductible
6. 3 or 5 year term (client’s choice if approved)

Again, this is outside the box and after I explain it to you, should you choose to move forward, then you will be working directly with our group out of NYC. They are very selective about who they work with, and as you can imagine with this program are not lacking for business.

If you are interested PM me your contact info or contact us with your name, ISO name, email and phone, through the Contact form on leaserebates.net