Who will fund this deal with an average of 8K a month in deposits
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  1. #1

    Who will fund this deal with an average of 8K a month in deposits

    Merchant owns a Print shop
    2014 in business
    640 fico
    averages 8k a month income
    Direct lenders only

  2. #2
    Member Reputation points: 46
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    May 2017
    Location
    New York
    Posts
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    We should be able to get him a smaller position (Around 2-5K), depending on his Cashflow/ADB's. Feel free to reach out, if that's something the merchant is looking for.

  3. #3
    Senior Member Reputation points: 81657
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    Quote Originally Posted by gcfandrew View Post
    Merchant owns a Print shop
    2014 in business
    640 fico
    averages 8k a month income
    Direct lenders only
    Would be great if we know whom we were speaking with. Ever hear of a signature line?

    We may be able to offer a credit card split -
    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

  4. #4
    Senior Member Reputation points: 54977
    Join Date
    Dec 2013
    Posts
    4,713

    Mantis/ Cresthill funds the smallest deals with fewest stips. 2-10K.
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    覧覧覧覧覧覧覧覧覧覧覧覧覧
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  5. #5
    Marcus your organization declined this deal because not minimum 10k which is funny because i got numerous deals approved in past with worse credit and same income from your organization.

  6. #6
    Quote Originally Posted by gcfandrew View Post
    Merchant owns a Print shop
    2014 in business
    640 fico
    averages 8k a month income
    Direct lenders only
    How are their Average Daily Balances? If they are health enough to support our monthly payment borrower could get a higher offer from LoanMe vs other alternative lenders/funders. Based on your published FICO and Assuming the borrower can pre-qualify and fall into our Tier C category with ABD around $2,000 they could qualify for $25,000.
    Last edited by LoanMe; 06-16-2017 at 03:09 PM.
    LoanMe Business
    949-535-7798
    Email: Business.Loans@LoanMe.com




    www.loanme.com/SBL-partner
    1900 S State College Blvd. Suite 300
    Anaheim, CA 92806

  7. #7
    Member Reputation points: 10
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    Jan 2017
    Location
    New Jersey
    Posts
    18

    Quote Originally Posted by gcfandrew View Post
    Merchant owns a Print shop
    2014 in business
    640 fico
    averages 8k a month income
    Direct lenders only
    Hey If you arent signed up with someone here at Yellowstone feel free to reach out, we definitely get these deals in and out everyday.

    Enrique Del Rosario
    Direct-(646)-774-3046
    Cell-(973)-563-7215
    Fax- (978) 313-1432
    Email: EnriqueR@yellowstonecapllc.com

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