Results 1 to 16 of 16
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02-27-2020, 03:23 PM #1
- Join Date
- Jun 2019
- Posts
- 193
Merchant who doesnt have online banking
Are there any lenders out there who would still fund a deal for a merchant who doesn't have online banking set up. If your answer is to have the merchant set up online banking dont bother responding. Looking for lenders who do not require it.
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02-27-2020, 03:37 PM #2
- Join Date
- Mar 2018
- Posts
- 19
The Fundworks at times has accepted direct fax from the merchants bank, this is a case by case. Good luck.
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02-27-2020, 03:39 PM #3
A lot of funders will do a 3 way call with the merchant and the bank to confirm info in the account if you get a MTD printout for bank transactions
John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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02-27-2020, 03:49 PM #4
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- Sep 2019
- Posts
- 402
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02-27-2020, 03:53 PM #5
- Join Date
- Jun 2019
- Posts
- 193
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02-27-2020, 04:12 PM #6
- Join Date
- Sep 2019
- Posts
- 402
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02-27-2020, 04:19 PM #7
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02-27-2020, 04:21 PM #8
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02-27-2020, 04:22 PM #9
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,473
Not necessarily. There are some older business owners that do not use online banking and some that are afraid of online banking for security reasons. I know plenty of business owners and professionals that do NOT use online banking for personal and/or business. Hell-I know people that still go to a branch to get cash instead of using an ATM.
KHKevin 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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02-27-2020, 05:44 PM #10
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- Jun 2019
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- 193
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02-27-2020, 06:31 PM #11
- Join Date
- Oct 2016
- Posts
- 4,318
I’ve found that really no one makes it a part of their regular process, but if you’ve got a good relationship with the funders, some make exceptions and will accept a MTD directly from bank as well as do a threeway call with a bank for verification. So it really depends on who you have good relationships with. And, of course, many (if not most will not).
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02-28-2020, 09:38 AM #12
- Join Date
- Apr 2015
- Posts
- 300
if you cant do a simple login you dont deserve funding
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02-28-2020, 09:48 AM #13
- Join Date
- Jun 2015
- Posts
- 22
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02-28-2020, 12:11 PM #14
- Join Date
- Dec 2016
- Posts
- 59
I would say try kalamata (If that's not who they are currently paying & if you didn't stack them with the other 2 funders.) I know they don't always require manual login. They need a fax from the bank & banker verification.
Hit up Bruce. He's good people.
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02-28-2020, 12:13 PM #15
- Join Date
- Oct 2016
- Posts
- 4,318
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02-28-2020, 12:14 PM #16
- Join Date
- Apr 2016
- Location
- Ft Lauderdale
- Posts
- 57
We will do it @ Flash Advance with a MTD and a 3 way call with the bank and merchant on the phone at the same time . jstrelzik@flashadvance.com
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