Results 1 to 7 of 7
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03-06-2021, 01:25 PM #1
- Join Date
- May 2020
- Posts
- 52
Modified Cash Advance
I have a client who had a modified cash advance but just paid it off and received the pay-off letter. His business brings in $1.2M a year. I did get him an offer for $20K but he wants anywhere from $60K - $100K. Can anyone help with this?
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03-06-2021, 07:51 PM #2
- Join Date
- Aug 2020
- Location
- New York, NY
- Posts
- 123
Based on the rev you mentioned and dollar amount needed we can potentially make this happen, we constantly fund merchants that have had Modified payments in the past due to COVID.
Obviously everything else needs to check out as well, and the word “Modified Payments” can have many definitions.
Send us an email at deals@clearfund.co or partners@clearfund.co
Thanks.Underwriting Desk | ClearFund Solutions | New York, NY.
P: 855-543-2133 E: deals@clearfund.co W: www.clearfund.co
_____________________________
ClearFund is a Direct Funder
ISO inquires: partners@clearfund.co
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03-07-2021, 07:18 AM #3
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,877
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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03-08-2021, 11:09 AM #4
- Join Date
- Jun 2014
- Posts
- 540
Should be able to get him more than $20K. What industry is the merchant in?
Robert S Bloink
EVP of ISO Partnerships
Direct: 248-341-9477
Email: bb@cooperasset.com
Web: www.cooperasset.com
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03-08-2021, 01:01 PM #5
- Join Date
- Apr 2016
- Location
- Ft Lauderdale
- Posts
- 57
If the story checks out with the time life of modified payments and COVID my company would consider the file .
We have funded multiple deals under similar circumstances since COVID hit.
If the merchant funded with a shady and has a legit story we are happy to listen.
Please feel free to reach out me or shoot over file. All files are underwritten upfront. If approved it will fund.Jake Strelzik
305- 785-2548
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03-09-2021, 03:46 PM #6
- Join Date
- Mar 2021
- Location
- Miami
- Posts
- 26
Sounds like a deal Fox would be able to do
Daniel Cage
Funding Coordinator |*Fox Business Funding
(347) 308-7788
Check out our new website:*foxbusinessfunding.com
DocuSign link for ISO Agreement:*https://bit.ly/380Pz6g
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03-11-2021, 12:55 PM #7
If you didn't get this funded, I'd love a chance at the file.
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