740 credit score and $50,000 a month in sales seeks $100,000
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  1. #1

    740 credit score and $50,000 a month in sales seeks $100,000

    I have a client that has about $45,000 to $50,000 per month in bank deposits and a 740 credit score, she is trying attain a deal that will allow her to get $100,000 to pay off the cost of business she bought almost a year ago. I told her we should get $50,000 now and $50,000 in a few months, she is fearful that the other $50,000 will for some reason not be available after she pays off the first $50,000. She has no assets as collateral besides used tanning beds, which are on a gray list for many lenders. If you can help me attain $100,000 (at one time, or guaranteed in a 2 part loan via writing) please let me know.

    You can text me at 310-492-3704 (please text or email, most calls will go straight to voicemail) or you can email me at sales@BuyTanningSalons.com

  2. #2
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    How long have they been in business? You said she bought it almost a year ago but how long ago was it first established?

  3. #3

    740 credit score and $50,000 a month in sales seeks $100,000

    Reposting from earlier

    **Startup Funding**

    Seek Capital provides funding to startups and early stage business owners.

    - Deep roots in the MCA space, servicing many MCA firms for their startup leads
    - Perform soft credit pull with all 3 bureaus (no need for client to jump through hoops to sign up to 3rd credit monitoring)
    - Automated underwriting
    - Strong internal sales team
    - Direct bank relationships for higher approvals
    - Real time reporting portal
    - Client doesn't just walk away with credit cards, Clients have the ability to transfer funds from their credit card account directly to their checking account while maintaining 0% intro rate
    - Dedicated Account Managers for each client
    - Truly a superior client experience

    For direct contact: partners@seekcapital.com

  4. #4
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    Quote Originally Posted by Seekcapital View Post
    Reposting from earlier

    **Startup Funding**

    Seek Capital provides funding to startups and early stage business owners.

    - Deep roots in the MCA space, servicing many MCA firms for their startup leads
    - Perform soft credit pull with all 3 bureaus (no need for client to jump through hoops to sign up to 3rd credit monitoring)
    - Automated underwriting
    - Strong internal sales team
    - Direct bank relationships for higher approvals
    - Real time reporting portal
    - Client doesn't just walk away with credit cards, Clients have the ability to transfer funds from their credit card account directly to their checking account while maintaining 0% intro rate
    - Dedicated Account Managers for each client
    - Truly a superior client experience

    For direct contact: partners@seekcapital.com
    Are you a funder or broker?

  5. #5

    740 credit score and $50,000 a month in sales seeks $100,000

    @westcoastfunding Broker to banks

  6. #6
    The company that was bought in an asset aquisition 20 years, the new LLC 1 year

  7. #7
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    Quote Originally Posted by BuyTanningSalons View Post
    I have a client that has about $45,000 to $50,000 per month in bank deposits and a 740 credit score, she is trying attain a deal that will allow her to get $100,000 to pay off the cost of business she bought almost a year ago. I told her we should get $50,000 now and $50,000 in a few months, she is fearful that the other $50,000 will for some reason not be available after she pays off the first $50,000. She has no assets as collateral besides used tanning beds, which are on a gray list for many lenders. If you can help me attain $100,000 (at one time, or guaranteed in a 2 part loan via writing) please let me know.

    You can text me at 310-492-3704 (please text or email, most calls will go straight to voicemail) or you can email me at sales@BuyTanningSalons.com

    I have a similar situation where i attained a solid 150k through Quarterspot. The merchant was grossing 60-75k a month and the business was just purchased a couple of years prior. Similar credit, etc. Quarterspot is now approving up to 200k, but they are known to fund 150%+ of monthly deposits on clean files, and up to 18 months with weekly payments.

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