$40k per month Restaurant needs 3rd advance
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  1. #1
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    $40k per month Restaurant needs 3rd advance

    I have a client with negative days and seasonally struggling needs advance to get through slow season. My client was just funded 60 days ago. Im wondering is getting him funded again possible. Normal monthly rev $50-55K . Any ideas?








    David Fears CPA
    GIGATT Business Solutions
    9188 E San Salvador Drive
    Scottsdale, AZ 85058
    (602)753-9158
    Last edited by GIGATT50; 09-18-2017 at 05:05 PM.

  2. #2
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    Is there any space left in his bank accounts for another position?
    Did you try MFS?

  3. #3
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    $40k per month Restaurant needs 3rd advance

    Whats the balance? I'll take a look. It shouldnt be difficult. Email me.
    Direct Funder | MCA | Public Companies | Convertible Notes | Hard Money
    D. 516-667-6817
    paul@coolidgecapital.com

  4. #4
    Veteran Reputation points: 135672 Chambo's Avatar
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    Going into his slow season? How long is that season for? 3 months? 6 months? It makes a big difference

    "normal revenue" means in which months exactly? Keep in mind you are asking for a second position, right after they took an advance, for a merchant going into their slow season






    David Fears CPA
    GIGATT Business Solutions
    9188 E San Salvador Drive
    Scottsdale, AZ 85058
    (602)753-9158[/QUOTE]

  5. #5
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    Correction We're in Phoenix so he's actually coming out of his slow season. The weather makes a huge difference out here.

  6. #6
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    How strong is the processing volume? What is the balance?
    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

  7. #7
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    Approx $38k in processing volume and rising going into the fall. The next three months he will average close to $50k per month.

  8. #8
    FundSoFast offers up to 9 month terms for second and third positions. Let me know if we can take a look at this deal for you.
    Feel free to reach out at anytime.

    Info@fundsofast.com

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