6 month new ownership, no credit history, 5-6 deposits per month, avg. 50k in deposit
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  1. #1

    6 month new ownership, no credit history, 5-6 deposits per month, avg. 50k in deposit

    Having a tough time getting this funded. Has an open position with Everest with a 15k balance. Open to consolidating or a second position.

  2. #2
    Senior Member Reputation points: 54977
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    I cant see why we would not make you an offer in 1-3 hours after submitting...
    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

  3. #3
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    MCABroker123, do your client a favor and help him build a credit history.
    (note: you can make money off this, too)

    I can point you in the right direction if you'd like.

  4. #4
    As long as they have good payment history with everest and they can support additional payments i can find them a home. PM me if your interested

  5. #5
    Senior Member Reputation points: 6639 gaxisa's Avatar
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    Quote Originally Posted by MGallegos View Post
    As long as they have good payment history with everest and they can support additional payments i can find them a home. PM me if your interested
    New owner though, so as far as UW is concerned, he has 0 payment history.

  6. #6
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    Quote Originally Posted by gaxisa View Post
    New owner though, so as far as UW is concerned, he has 0 payment history.
    The fact that he is a new owner and still paying Everest is better than payment history.

  7. #7
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    If this new owner has previous business ownership in a similar industry (at least 1 year).. then IOU may consider. How long has this business been around, under prior ownership?
    Shannon Harris
    Funding Specialist
    888-705-8818 phone
    239-790-2664 fax
    Shannon@StellarBusinessFunding.com
    www.stellarbusinessfunding.com

  8. #8
    Im interested. Send me info. elliot@acefundingllc.com

  9. #9
    Did you ever find a home for this? Feel free to send it to us isosupport@merchantcashgroup.com.

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