Dispensary looking for $1.5 mil
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  1. #1

    Dispensary looking for $1.5 mil

    Who can help? This merchant grosses over 20 mil and are looking for 1.5

  2. #2
    Senior Member Reputation points: 32550 Funder Mark's Avatar
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    Break it down. What is the TIB, any open positions, average monthly deposits, are they seasonal, daily balances, exact product desired? If they are steady, doing $1.66M per month, not sure they can get $1.5M as an advance

  3. #3
    Senior Member Reputation points: 12878
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    what state are they in and are they using a biz chk acct or personal

  4. #4
    WA. And biz account.

  5. #5
    Senior Member Reputation points: 4567 NickHubbard's Avatar
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    Sent you a PM
    Nick Hubbard
    Senior Loan Advisor
    314-252-0299 - Office
    314-885-2262 - Direct
    nick@elitefactoring.com
    www.elitefactoring.com

  6. #6
    Senior Member Reputation points: 23085
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    I have an investor that we just did a renewal on a large dispensary for $1mm in CO. / 1.35 / 8 months.

    PM me to discuss

  7. #7
    I thought our president and his cabinet is making marijuana distribution illegal?

    Make america great again

  8. #8
    Senior Member Reputation points: 47257
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    Quote Originally Posted by FCF Fund View Post
    I have an investor that we just did a renewal on a large dispensary for $1mm in CO. / 1.35 / 8 months.

    PM me to discuss
    when you say "investor" is that just code for a MCA funder, or do you actually have an individual who did this?

  9. #9
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  10. #10
    Senior Member Reputation points: 84417
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    Quote Originally Posted by kimarah View Post
    Who can help? This merchant grosses over 20 mil and are looking for 1.5
    I have the same questions as Funder Mark , plus are they a grower, Dist. , own real estate , etc.

    Best to have a phone conversation regarding this deal.
    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

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