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09-04-2020, 09:54 AM #1
- Join Date
- Sep 2020
- Posts
- 2
FUNDRITE Is Back Funding
We are excited to announce we are back up and funding! As Reverse Consolidations are our specialty, we are re-launching our MCA program
Here are our updated program guidelines for Reverse Consolidation & MCA’s:
Reverse Consolidation Guidelines:
-150 Days Max Term, this will be determined on a case by case basis, taking into account industry, risk factors, etc.
-Commission Structure is located in our ISO packet on page 13
-We are now offering a LOC side by side the Reverse Consolidation. Please keep in mind this is only if the merchant qualifies
LOC Terms:
-1.30 Factor Rate
-Paying 5 points
-Max funding $15,000
MCA Guidelines:
-$35,000 Max Funding Amount
-2nd-5th Positions Only
-120 Days Max Term
Please send all deals to submissions@fundrite.com with the last 6 months bank statements, Month to Date on ALL Deals and a signed & dated application within the last 30 days.
If you have any questions please feel free to reach out, my contact information is IsoRelations@Fundrite.com. We look forward to doing business with you!Last edited by FUNDRITE; 09-04-2020 at 10:35 AM.
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09-04-2020, 10:32 AM #2
- Join Date
- Aug 2017
- Posts
- 249
Your max for a reverse is $15k or is that a typo?
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09-04-2020, 10:35 AM #3
- Join Date
- Sep 2020
- Posts
- 2
No that is in reference to the LOC
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09-05-2020, 10:33 AM #4
- Join Date
- Mar 2017
- Location
- Nunya
- Posts
- 830
who?
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10-09-2020, 09:25 AM #5
- Join Date
- Jul 2020
- Posts
- 21
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10-09-2020, 10:15 AM #6
- Join Date
- Apr 2019
- Posts
- 318
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