Results 1 to 11 of 11
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08-11-2022, 09:24 AM #1
- Join Date
- Jan 2019
- Posts
- 117
51 % owner
Who will fund a merchant who is a a 51% owner withoutt the 49% owner needing to sign? Everyone seems to be asking for the 49% owner's to be on the contract.
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08-11-2022, 09:31 AM #2
- Join Date
- Jul 2015
- Posts
- 207
business backer, Can, Headway
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08-11-2022, 09:40 AM #3
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,470
Get a copy of their operating agreement.
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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08-11-2022, 11:09 AM #4
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08-11-2022, 11:23 AM #5
- Join Date
- Aug 2022
- Posts
- 3
Yes we don't need the the 49% owner. Contact me at crivera@samsonfunding.com or you can 347-252-1171
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08-14-2022, 12:22 PM #6
- Join Date
- Nov 2021
- Location
- Brickell Miami FL
- Posts
- 156
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08-15-2022, 09:24 AM #7
- Join Date
- May 2022
- Posts
- 83
I think it's silly to require a 49% owner to sign. As long as the guarantor has majority ownership of 51% that should be sufficient to move forward. Otherwise, what is the point of being a majority owner if you can't make financial decisions related to the business without the minority owner giving the thumbs up? I would think the only exceptions to this would be non-profits, since they require approval of the board to make financial decisions regardless of who the owner/CEO/president is. But if it's a for-profit business, 51% ownership should suffice.
I wonder what those companies do with more complex ownership structures, like 30/30/30/10 or 20/20/20/20/20 or any other crazy combo I've seen on tax returns.
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08-15-2022, 09:49 AM #8
- Join Date
- Jun 2022
- Posts
- 86
well fund
Yes we don't need the the 49% owner. Contact me at eugene@equitaadvance.com or you can 305-343-2641.
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08-16-2022, 03:28 PM #9
- Join Date
- Jul 2022
- Location
- BROOKLYN NY
- Posts
- 60
i can deff take a look at this for you Leon Davis
Funder / Iso Relations
Brickstone Fund
Phone: 347-433-7727
EMAIL: Leon@brickstonefund.com
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09-17-2022, 08:09 AM #10
- Join Date
- Aug 2020
- Location
- 7125 Peri Lane Brooklyn Ny 11234
- Posts
- 113
business backer/ondeck/national/rapid/kapitus
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09-20-2022, 10:26 AM #11
- Join Date
- Aug 2022
- Posts
- 28
We fund single-owner contracts as long as it's 50% ownership or greater! Give me a ring and if there's anything you haven't funded yet like that, we'd love to take a look at it for you. Send a line to mac@clarityadvance.com and let's see what we can get done!
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