Originally Posted by
The LCF Group
Hi, yes we fund many 6 and 7 figure advances. It all comes down to the types of files you are sending us. While we originally started out years ago only as a high risk funder, we have expanded significantly and have one of the broadest underwriting boxes of any funder currently. From defaults, 10th position type high risk files to pristine 1st position A paper files, we will make offers on all of them. If you are only seeing small short term approvals, then you may only be submitting small high risk files to us. While we fund a lot of micro deals, we acknowledge that we are not always the strongest micro deal funder out there at this time. Some other funders are making a lot of bad offers, and we are not going to chase micro deal volume by making bad offers too. We have funded micro deals before those competitors even existed, and we will continue to fund them after those competitors go out of business.
Funding larger deals is one of our strengths. We will fund a 300k advance with the same stips as a 3k advance. Which can be a headache for a 3k advance, but is a lot easier process on a 300k advance than most of our competitors. No one wants to waste much time negotiating back and forth terms on a 5k offer, or a 6th position offer, but on decent files we are very flexible in our underwriting and love to compete. If you give us a look at some bigger and/or cleaner files you may be pleasantly surprised by the offers that you get. Please speak with your partner relationship manager to get more details.
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