Results 1 to 5 of 5
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12-06-2017, 11:24 PM #1
Reputation points: 10
- Join Date
- Nov 2017
- Posts
- 4
Who can fund this deal?
Client has a health clinic. Does 15k-20k per month.
Reimbursed by the state 3-4 times a month (her deposits).
Had previous daily payment, apparently had arrangement to do large lump sums to do early payoff (have zero balance letter).
Had an approval but was rescinded because of above reason which was obviously apparent in the bank statements.
1. Who can fund this?
2. Why the hell would a lender rescind a deal on day of funding for something I myself noticed and made obviously apparent to my rep.
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12-07-2017, 09:19 AM #2
Reputation points: 179851
- Join Date
- Jun 2017
- Posts
- 2,049
Is it Just In the Statements?
No UCC? Judgement? Etc?
If so.... Thats Pretty Easy.
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12-07-2017, 12:04 PM #3
Reputation points: 54989
- Join Date
- Dec 2013
- Posts
- 4,713
need clarification if the previous advance payments were adjusted/suspended prior to the lump sum payoff, and if the account goes negative a lot (bounced payments, etc.) if the balances are strong, revenue is consistent, and good payment history from previous advance we could fund
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
覧覧覧覧覧覧覧覧覧覧覧覧覧
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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12-07-2017, 12:35 PM #4
Reputation points: 4599
- Join Date
- Feb 2014
- Location
- Florida
- Posts
- 266
Try Mulligan.. they are good with low frequency deposits and will consider reasonable explanations for quirky or non-traditional payback activity, like the situation you described. Good luck! Bank definitely needs to be well managed.
Shannon Harris
Funding Specialist
888-705-8818 phone
239-790-2664 fax
Shannon@StellarBusinessFunding.com
www.stellarbusinessfunding.com
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12-07-2017, 12:44 PM #5
Reputation points: 3229
- Join Date
- Jul 2017
- Posts
- 105
I can fund it today. How many neg days?
Direct Funder | MCA | Public Companies | Convertible Notes | Hard Money
D. 516-667-6817
paul@coolidgecapital.com
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