CA based cleaning company that been open for 1.5 years
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  1. #1
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    CA based cleaning company that been open for 1.5 years

    I have a merchant that averages approximately $95k in monthly deposits, has an average daily balance of $10k, with 1-2 negative days per month and a 565 FICO score. He has an existing position with a balance of $35k. He's looking for $70-75K. Thoughts?

  2. #2
    Quote Originally Posted by M-CASH Funding View Post
    I have a merchant that averages approximately $95k in monthly deposits, has an average daily balance of $10k, with 1-2 negative days per month and a 565 FICO score. He has an existing position with a balance of $35k. He's looking for $70-75K. Thoughts?
    please contract me at jmorales@accelcapital.com I would be able to help your client.

  3. #3
    Senior Member Reputation points: 3366 Accord Business Funding's Avatar
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    Sent PM. Let me know if we can help out.
    Kevin Dinh

    3131 Eastside Street, Suite 350
    Houston, TX 77098
    P: 713-322-9743
    Email: kdinh@accordbf.com
    Web: https://go.accordbf.com/DF-Partners/

  4. #4
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    Quote Originally Posted by M-CASH Funding View Post
    I have a merchant that averages approximately $95k in monthly deposits, has an average daily balance of $10k, with 1-2 negative days per month and a 565 FICO score. He has an existing position with a balance of $35k. He's looking for $70-75K. Thoughts?
    If it is a commercial cleaning business you should consider factoring the receivables.
    Kevin Henry
    VP-Business Development
    Seacoast Business Funding, a division of Seacoast Bank
    561-850-9346
    Kevin.Henry@SeacoastBF.com
    1880 N Congress Ave., Suite 404
    Boynton Beach, FL 33426

  5. #5
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    I agree with Kevin.
    Bob

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  7. #7
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    Quote Originally Posted by M-CASH Funding View Post
    I have a merchant that averages approximately $95k in monthly deposits, has an average daily balance of $10k, with 1-2 negative days per month and a 565 FICO score. He has an existing position with a balance of $35k. He's looking for $70-75K. Thoughts?
    Based on the info you are giving I could probably get merchant 40k or so. I don't see merchant getting 70-75k on a 2nd position here.

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