Results 1 to 9 of 9
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12-26-2017, 04:26 PM #1
Restaurant: $6,700/mo deposits $4,200/mo in CCs. 700+ FICO; Neg. Days. Needs Lockbox.
Restaurant: $6,700/mo deposits $4,200/mo in CCs. Too Many Neg. Days. Needs Lockbox.
Who can do this little volume?
Credit score is great, but volume is low.
Processes w/ Square.
PM me, please.
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12-26-2017, 04:27 PM #2
Has two months without a single negative day, but last month was 13 in them.
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12-26-2017, 04:35 PM #3
- Join Date
- Feb 2017
- Posts
- 3,463
Unsecured credit lines, dude. No need to run to get $700 on an MCA. Get the client $150,000 in 0 APR credit cards, and make more than $3000. This is my wheelhouse.
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12-26-2017, 05:32 PM #4
You're right. That should work. He has the credit, or at least close enough.
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12-26-2017, 07:45 PM #5
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,995
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
Office: 727-233-1111
Skype: fc-financial
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12-27-2017, 11:32 AM #6
- Join Date
- Dec 2013
- Posts
- 4,713
Did you try Cresthill/Mantis ? ...We probably allow the highest number of NSF's (case by case whats the max) regarding size of file ...right up our MICRO-FUNDING division that has seprate underwriters and support teams just funding the 2-20K a month files......Stips on those files are extremely light (Perhaps too few too light to liking but we got to do whats right by the ISO and make it easy as possible !! ).....
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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12-30-2017, 10:59 PM #7
- Join Date
- May 2017
- Posts
- 350
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12-31-2017, 08:18 AM #8
- Join Date
- Feb 2017
- Posts
- 3,463
FYI everyone, I saw the credit report. It's a 700 because the borrower has one $500 credit card on his name, probably a secured card, and pays it off every month.
The other problem is that he has a $490 collections from Verizon on there, and it's still not affecting him very much. A 700 FICO doesn't always mean good credit.
John, most of those inquiries are removable.
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12-31-2017, 08:31 AM #9
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
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