Results 1 to 23 of 23
Hybrid View
-
10-20-2020, 12:26 PM #1
- Join Date
- Jul 2017
- Posts
- 547
-
10-20-2020, 12:55 PM #2
- Join Date
- Sep 2018
- Posts
- 60
LCF funds many deals with longer terms. Are we doing 7 month terms on auto sales, or sub 500 credit, or 8k monthly revenue, or 5 months time in business, or 4th position? No. On a high risk file you will get a high risk offer. But send us a good A/B paper file and you will get a 5 to 9 month offer paying up to 15% commission. We have gotten much more aggressive in this space this year and while we love funding high risk deals we will continue to expand and also fund upmarket as well.
-
10-20-2020, 02:18 PM #3
- Join Date
- Jul 2017
- Posts
- 547
-
10-21-2020, 01:05 PM #4
-
10-21-2020, 01:58 PM #5
- Join Date
- Mar 2016
- Location
- Franklin Square, NY
- Posts
- 17
The LCF Group & Last Chance Funding are the same company. I can confirm the post above is us. Andy is in a meeting right now & I can have him reply later if you'd like. We have gotten much more aggressive this year on better paper deals. We still fund 60 day high risk deals but some of the offers we've issued today are - $600K over 180 payments, $200K over 160 payments, and $150K over 120 payments. If the deal is a high risk deal it'll get a high risk offer but if it's a clean A/B paper deal we're willing to stretch our terms out much further.
Similar Threads
-
Need Funding for Law Firms
By John Rumore in forum Deal BinReplies: 4Last Post: 11-21-2019, 04:42 PM -
Firms hiring
By Matrix1 in forum Help WantedReplies: 0Last Post: 04-12-2019, 02:32 PM -
Funding for law firms
By Stephen in forum Deal BinReplies: 6Last Post: 04-23-2018, 12:55 PM -
CPA Firms
By Mynameisbob in forum Deal BinReplies: 9Last Post: 01-15-2018, 11:45 AM -
Law Firms
By MKashat in forum Deal BinReplies: 6Last Post: 06-16-2015, 09:02 AM