[sigmundpannu]

I have a merchant that does party rentals. He purchased the business out of a "foreclosure" in January 2015 so the only history we have is the last 7 months. Last 3 months average gross deposits $50k, but has excessive NSF's last month. Processes about $20k in credit cards with Platinum Choice Bankcards. Anyone has a "starter" MCA deal for a merchant like this? Email me at sigmund@laynecap.com if you think you can help.

[rick_clsfunding]

but has excessive NSF's last month.

Can you quantify "excessive"?

[sigmundpannu]

He had 4 days negative ending daily in July, along with 25 NSF charges. In June 6 NSF-no negative daily. May his banks were clean. This is a shot in the dark.

[Zach]

If the client has sufficient collateral, I might be able to get this done. I just got a $200K approval for a deal averaging 26 NSF's per month.

[LoanMe]

Sigmund,

LoanMe can take a look at this file. As you know because we are a MONTHLY repayment product, we do not value NSF's, negative days, number of deposits, ending daily balance the same way MCA's do. And we only look at the last 2 months business bank statements.

[golf2014]

go to yellowstone