Funding between 5K-200K
•1st thru 7th position
•Prior defaults and bankruptcies (if discharged)
•20k minimum monthly revenue
•Minimum 6 months’ time in business
•B-D paper
•We pay 10-14 points on commissions the same dayof funding
•Renewals 8 points minimum
•Same day approvals
•Upfront underwriting, low decline rate in final
•Weekly reporting to Duns & Bradstreet on merchants(
What industries and in what states do you loan to?
Everyone says they do previous defaults but 1 out of a 100 so it can be marketed to brokers. I have few with prev defaults with good banks and revenue, but they always get turned down.
tell me more about the reporting to D&B @Joanne H ?