Results 1 to 8 of 8
-
06-29-2017, 06:00 PM #1
- Join Date
- Dec 2015
- Location
- Texas
- Posts
- 552
cc split 1st position bank has NSFs
I have three deals that need a cc split. All have great cashflow but NSFs upwards to 7 plus eacoper month. Each doing 39-69k in cc and seeking lockbox solution without concern on bank NSFs
Thnx Davinci
Broker input ok but,
Brokers need not request to see file.
Thank you for your input.
-
06-29-2017, 06:47 PM #2
- Join Date
- Feb 2017
- Posts
- 3,463
Sterling Funding is working a deal for me right now. They're doing their hardest to make it work. They're solution-minded, not problem-minded. Oh, and according to their ISO agreement, the only do CC splits, not ACH. I sent this file to a few places that claimed that they do CC splits, but they rejected it.
MFS Global will also do CC, sometimes will have hybrid ACH/CC.
Jason Sterling is right here on DF.
-
06-29-2017, 06:58 PM #3
- Join Date
- Oct 2016
- Posts
- 4,318
-
06-29-2017, 09:08 PM #4
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,996
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
Office: 727-233-1111
Skype: fc-financial
-
06-30-2017, 11:43 AM #5
- Join Date
- Jun 2017
- Location
- 1306 Carroll St New York
- Posts
- 11
Would you mind brokering you this deal?
I think this is up my alley.
Bryan Danocup
Realtalk funding
1306 carroll street NY
Danocupbryan30@gmail.com
Bryan@pccapitalllc.com
-
06-30-2017, 12:19 PM #6
- Join Date
- Feb 2016
- Location
- Miami fl
- Posts
- 33
i would agree with Micah Markowitz i have gotten cc deals done with sterling that nobody not even yellow or mantis would put offers on
and Jason is 1 of the best reps there . offers are 2-3 x mthly cc sales . sell rates are low with 12 points built in only thing is they must be first and only position . search the forum jason is up here alot if not shoot me a dm ill pass you over his info
-
06-30-2017, 02:03 PM #7
I think what steven @ davincinc is looking for someone to look at this deal based on the merchant statements only and disregard the banks.....
Jerry Starr
Insource Funding
433 Plaza Real,
Boca Raton, Fl 33432
P: 800-805-3391 Fx: 561-270-6895
insourcefunding.net
WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL
◆ 50% LTV - No Fico Required
◆ 90% CLTV on Purchases
◆ Investment Residential / Commercial Properties
-
07-05-2017, 01:06 PM #8
- Join Date
- Jul 2015
- Location
- Tampa Florida
- Posts
- 503
Sorry I haven't been on here in a few days. Davinci I sent you an email. Thanks for the kind words Ariel, Micah & WestCoast. Our CC Split product is working very well for our merchants. Keep in mind we are also a processor so there is usually a savings to be had on the processing rates . ISO's receive lifetime residuals for the card processing when converted to Sterling Payment. We have in house support to help you get the merchants converted as painless as possible.
Jason H l Sales & Business Development
Quikstone Capital Solutions l Tampa FL
Direct Line & Mobile 813-371-8233 l Fax 813-371-8233 l Text 727-492-8812
Jason.Hausle@quikstonecapital.com
www.quikstonecapital.com
Direct Lender Since 2005
Similar Threads
-
First Position Split Fund with Baggage
By CaliFan in forum Deal BinReplies: 5Last Post: 10-01-2016, 06:34 PM -
more than 5 NSFs
By aak723 in forum Deal BinReplies: 6Last Post: 02-29-2016, 05:35 PM -
2 month bank statements,1st position, Looking for 50-70k
By nateteabs in forum Deal BinReplies: 8Last Post: 01-21-2016, 04:39 PM -
NSFs
By helpinghand in forum Deal BinReplies: 5Last Post: 01-18-2016, 10:02 AM -
2nd Position Split lenders
By Fund_It in forum Merchant Cash AdvanceReplies: 10Last Post: 10-23-2015, 03:22 PM