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09-11-2017, 07:53 PM #1
- Join Date
- Oct 2016
- Posts
- 12
350k 30 TIB Seeking 20k
Building company that flips houses is seeking 15-20k in funding. Issues is: they deposit their money into a personal checking and savings account, and their deposits can be sporadic. Who can do these types of deals?
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09-12-2017, 12:45 PM #2
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 3,005
Dave Lambert, Business Development
Managed Services Provider
https://www.united-internet.com
https://www.nmi.com
dave@fcbankcard.com
Office: 727-233-1111
Skype: fc-financial
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09-12-2017, 02:04 PM #3
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09-12-2017, 02:09 PM #4
There must have been fraud in the account, so they closed the business account 4 months ago, and they cannot provide any paybacks.
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09-12-2017, 02:26 PM #5
- Join Date
- Jan 2016
- Posts
- 435
If a merchant's cash cycles are > 30 days unsecured financing is probably not gonna happen. If they are flipping houses odds are the only coll they have is the properties they are trying to flip which no one is going to want to touch mid project. What is there FICO? Might be able to go after biz cc's or a personal loan.
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