Any default lender recommendations?
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  1. #1
    Quote Originally Posted by mcaguru View Post
    I am not sure there is a real funder that funds defaults -- Defaults mean the merchant took capital and defaulted by intervening in the process of collecting a portion of the recevibles he sold there are few defaults that make sense -- there are remote cases when a single operator of a business collapses on vacation and 2 weeks later he calls the funder with monitors beeping in the background and gets back on track those cases many funders would fund. (unless the collapse was due to a new strain of heroin) otherwise its hard to believe that someone is actually funding merchants that defaulted when they chose not to honor the sale of receivables contract.
    Incorrect I could rattle off at least 5 who will fund true defaults as long as the banks are strong and there is min 150k monthly in rev.

  2. #2
    Landmark will go out 50 days for defaults as long as the banks are there.

    steve@landmarkfundgroup.com

  3. #3
    Quote Originally Posted by yts94 View Post
    Landmark will go out 50 days for defaults as long as the banks are there.

    steve@landmarkfundgroup.com
    Show me your name on Bank statements

  4. #4
    Quote Originally Posted by FinancialSwissArmyKnife View Post
    Show me your name on Bank statements

    lol I don't understand why everyone is so against everyone else on here. I didn't know this would bring up controversy especially when by next week it's going to happen all over again with someone else new.

    this thread was made for options for default lenders. if you don't want to use them you don't have to

  5. #5
    Senior Member Reputation points: 70753
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    Quote Originally Posted by Gables Capital Group View Post
    Incorrect I could rattle off at least 5 who will fund true defaults as long as the banks are strong and there is min 150k monthly in rev.
    Who? Like decent lenders or the same old default lenders? Seriously interested in knowing.

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