Results 1 to 13 of 13
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11-21-2017, 06:50 PM #1
Resturant 617 FICO... 200k monthly deposits needs 110k
617 Fico, Restaurant wants to payoff 58k existing MCA and net another 50k .. needs 12 month term or better
I'm only getting 2nd position offers
Last three months
Beginning Balance 1,244.43
Deposits 12,894.00
Electronic Deposits 178,371.74
Checks Paid 76,080.79
Electronic Payments 117,805.65
Other Withdrawals 1,435.00
Service Charges 27.00
Ending Balance -2,838.27
Beginning Balance -2,838.27
Deposits 12,593.00
Electronic Deposits 166,841.36
Checks Paid 61,889.78
Electronic Payments 103,330.59
Other Withdrawals 1,295.00
Service Charges 32.10
Ending Balance 10,048.62
Beginning Balance 10,048.62
Deposits 21,469.00
Electronic Deposits 191,775.28
Other Credits 3.00
Checks Paid 58,399.15
Electronic Payments 156,092.37
Other Withdrawals 350.00
Service Charges 3.90
Ending Balance 8,450.48
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11-21-2017, 07:42 PM #2
- Join Date
- Aug 2014
- Posts
- 620
Try Snap or strategic if they have good credit card volume. If a 1st fails we can give an aggressive 2nd position offer if it comes down to it. Feel free to reach out if you need any assistance here.
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11-21-2017, 07:54 PM #3
- Join Date
- Mar 2016
- Posts
- 186
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11-21-2017, 07:58 PM #4
- Join Date
- May 2017
- Posts
- 350
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11-21-2017, 07:59 PM #5
- Join Date
- May 2017
- Posts
- 350
Out of all of those I suggest BB Can Sfs ondeck and credibly (I trust these guys a lot)
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11-21-2017, 08:21 PM #6
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,959
Possible SBA if in business for 3 years.
Call me to discuss.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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11-21-2017, 08:30 PM #7
- Join Date
- Mar 2016
- Posts
- 186
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11-21-2017, 11:20 PM #8
- Join Date
- Feb 2014
- Location
- Florida
- Posts
- 266
Sterling goes about 10 months.. go for 130K as they prefer the merchant nets closer to 60%. SFS is a good one too.. oh and Ed Puerto of Nebula... goes 12 months as long as FiCO is 550 or better.
Shannon Harris
Funding Specialist
888-705-8818 phone
239-790-2664 fax
Shannon@StellarBusinessFunding.com
www.stellarbusinessfunding.com
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11-22-2017, 12:25 AM #9
- Join Date
- Nov 2017
- Posts
- 64
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11-22-2017, 09:58 AM #10
- Join Date
- Jun 2016
- Posts
- 416
Why not real estate backed?
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11-22-2017, 10:23 AM #11
- Join Date
- Jan 2016
- Posts
- 435
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11-22-2017, 11:17 AM #12
- Join Date
- Jan 2014
- Posts
- 1,375
how are you only getting 2nd position offers on this? Did I miss something? any first tier lender will do this give very strong offer and go out 12 months+.
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11-22-2017, 12:40 PM #13
- Join Date
- Jun 2017
- Posts
- 2,049
Somethings Missing. Adjusted Payments on other MCA's. Something.
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