 Any 2nd position lenders want to link up with me an...
Any 2nd position lenders want to link up with me an...
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 Immediate 2nd Position MCA approval needed by High Risk LenderLooking for a high risk lender that can approve and fund a merchant for a 2nd position: I have a horse ranch that Was funded by BizFi 1 year ago- C/C split. He was using a tour booking company named "Zerve" that did his marketing/bookings and also did his credit card processing. They suddenly went out of business and caused the merchant among many many others major issues. His revenue took a dive and no longer having a processor caused issues with BizFi. He worked out a new term to pay off the $65,000 to BizFi at $100/week because his future was uncertain. He has made all payments since the refi with BizFi and revenue has been increasing. He's now on the upswing averaging $30k-$65k/month. I just got him approved for $20,000 at a $26% holdback (uses Wells Fargo for processing now) but by a 1st position lender and we didn't realize until the merchant interview/funding call. So the deal died in final underwriting Any 2nd position lenders want to link up with me an... Any 2nd position lenders want to link up with me an...
 


