Who will do MCA via split or lockbox for merchants with excessive negative bal days
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  1. #1

    Who will do MCA via split or lockbox for merchants with excessive negative bal days

    I am working on 2 files where the situation is pretty much the same.

    Merchants with high credit card sales but they have excessive negative balance days per month and lots of NSF's.

    Will any MCA-focused funders provide a credit card advance via split or lockbox when merchant has over 10 negative balance days per month? My typical partners are declining because of the negative days and NSFs. I understand their position but seems like if you could set up a split or lockbox, then there is some protection against the payments not being made.

  2. #2
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    Quote Originally Posted by upperlinecap View Post
    I am working on 2 files where the situation is pretty much the same.

    Merchants with high credit card sales but they have excessive negative balance days per month and lots of NSF's.

    Will any MCA-focused funders provide a credit card advance via split or lockbox when merchant has over 10 negative balance days per month? My typical partners are declining because of the negative days and NSFs. I understand their position but seems like if you could set up a split or lockbox, then there is some protection against the payments not being made.
    We can do a Lock Box , call me.
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  3. #3
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    Sterling !
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    ——————————————————————————
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  4. #4
    Senior Member Reputation points: 30475 Zach's Avatar
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    WBL will consider borrowers with NSF's and Negative Days if the borrower has real estate collateral.
    Zachary Ramirez – CEO
    Phone: 562-391-7099
    Email: zach@zacharyjosephramirez.com

    1661 N. Raymond Ave #265
    Anaheim CA 92801

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    Transmark, sometimes.

  6. #6
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    PM sent

    Anthony Saracino
    Senior Funding Coordinator
    Yellowstone Capital LLC
    Direct: (516)-282-0933
    Fax: (646)-403-3092
    Cell: (201)-523-2596
    Asaracino@Yellowstonecap.com

  7. #7
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    You are welcome to give CFG a shot. CC split is very possible even with the Neg days.

    Look forward to hearing from you.

    Thank you,

    Lior Monus
    CFG Merchant Solutions
    Direct: 516-319-5826
    Lmonus@cfgms.com

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