Results 1 to 8 of 8
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09-18-2017, 05:01 PM #1
- Join Date
- Sep 2017
- Location
- Scottsdale, AZ
- Posts
- 36
$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)753-9158Last edited by GIGATT50; 09-18-2017 at 05:05 PM.
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09-18-2017, 05:13 PM #2
- Join Date
- Feb 2017
- Posts
- 3,455
Is there any space left in his bank accounts for another position?
Did you try MFS?
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09-18-2017, 05:22 PM #3
- Join Date
- Jul 2017
- Posts
- 105
$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
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09-18-2017, 05:36 PM #4
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]
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09-18-2017, 05:56 PM #5
- Join Date
- Sep 2017
- Location
- Scottsdale, AZ
- Posts
- 36
Correction We're in Phoenix so he's actually coming out of his slow season. The weather makes a huge difference out here.
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09-18-2017, 06:08 PM #6
- Join Date
- Jul 2015
- Location
- Tampa Florida
- Posts
- 502
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
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09-18-2017, 08:05 PM #7
- Join Date
- Sep 2017
- Location
- Scottsdale, AZ
- Posts
- 36
Approx $38k in processing volume and rising going into the fall. The next three months he will average close to $50k per month.
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09-21-2017, 10:44 AM #8
- Join Date
- May 2013
- Posts
- 67
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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