Results 1 to 8 of 8
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11-05-2018, 10:15 AM #1
"Default" Merchant with 3 Positions
Got a merchant who had a judgment filed against him from an MCA company in June of this year. However, he's taken an advance almost every month after this COJ was filed and wants to get a fourth. Of course the problem I keep running into is this judgement, but if 3 lenders overlooked this, there's gotta be a 4th right?
Gary Axisa
Blue Streak Capital, Inc.
PM me for my email
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11-05-2018, 10:42 AM #2
- Join Date
- Oct 2016
- Posts
- 4,318
who does he have the first 3 with?
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11-05-2018, 11:53 AM #3
- Join Date
- Oct 2015
- Posts
- 23
If it's the gift merchant from Cali, then no you won't and he is facing another default right now.
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11-05-2018, 01:09 PM #4
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11-05-2018, 02:16 PM #5
- Join Date
- Jun 2016
- Location
- Tampa, FL
- Posts
- 180
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11-14-2018, 04:15 PM #6
- Join Date
- Aug 2018
- Posts
- 20
we have a default program in house ( that's beside the regular C-D paper prog.) but the default has to be satisfied/ZBL or a really good reason for the default, but I understand from your writing that the merchant didn't resolve it.
All the best,
Mike Lax
ISO Relationship Manager
AJ Equity Group
Cell: 917 586 7270
Office: 212-645-1835 X 303
mike@ajequity.com
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11-14-2018, 04:49 PM #7
Ill consider it but I will most likely go light on the offer, depending on the situation and other parameters
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11-14-2018, 05:02 PM #8
You guys are all late, funded him two weeks ago.
Gary Axisa
Blue Streak Capital, Inc.
PM me for my email
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