3 Months in business anyone taking?
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  1. #1
    Senior Member Reputation points: 7162 TheShitzuofMCA's Avatar
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    3 Months in business anyone taking?

    Have a merchant going on his 4th month, has three months of business bank statements. Any lenders with a 3 month minimum on files?

    Thank you in advance,

  2. #2
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    Mantis, LoanMe

  3. #3
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    Business / personal credit cards

  4. #4
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    Cfg

  5. #5
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    Quote Originally Posted by The****zuofMCA View Post
    Have a merchant going on his 4th month, has three months of business bank statements. Any lenders with a 3 month minimum on files?

    Thank you in advance,
    The****zuofMCA-If your prospect is interested in factoring, I can do something for a company in business only 3 months so long as there is decent volume of a big build up of volume coming. Kevin.Henry@SeacoastBF.com
    Kevin Henry
    VP-Business Development
    Seacoast Business Funding, a division of Seacoast Bank
    561-850-9346
    Kevin.Henry@SeacoastBF.com
    1880 N Congress Ave., Suite 404
    Boynton Beach, FL 33426

  6. #6
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    Also Yellowstone is aggressive.

    i know 2 good contacts from yellow / CFG if needed.

  7. #7
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    Quote Originally Posted by showtime73 View Post
    Also Yellowstone is aggressive.

    i know 2 good contacts from yellow / CFG if needed.
    ...
    High risk paper

  8. #8
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    Can look at it for CC split if decent processing volume
    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

  9. #9
    Program Length

    140 days (Exceptions can be made)

    Positions

    1st – 7th

    Min. Time in Business

    3 months

    Required Bank Statements

    3 Months from all accounts

    Minimum Credit Score

    None

    Min. Days of Deposits

    3

    Min. Monthly Bank Deposits

    $18,500

    Funding Amount

    $10,000 - $500,000 (Over $150,000 Syndicated)

    Min. Avg Daily Balances

    variable

    Max Negative Days Per Month

    4
    Max Monthly NSFs

    9
    Judgments/Liens

    Yes – Payment Plans Only

    Credit Card Splits

    Yes

    Restricted Industries

    None

    Background

    No violent crimes or financial/fraud felonies

    Bankruptcies

    Discharged okay / No Dismissed bankruptcies within the last 2 years

    Credit Report

    No major delinquencies

    Our in-house guideline....let's talk and get your client funded!

  10. #10
    What industry?

  11. #11
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    Quote Originally Posted by Kevin Franklin View Post
    Program Length

    140 days (Exceptions can be made)

    Positions

    1st – 7th

    Min. Time in Business

    3 months

    Required Bank Statements

    3 Months from all accounts

    Minimum Credit Score

    None

    Min. Days of Deposits

    3

    Min. Monthly Bank Deposits

    $18,500

    Funding Amount

    $10,000 - $500,000 (Over $150,000 Syndicated)

    Min. Avg Daily Balances

    variable

    Max Negative Days Per Month

    4
    Max Monthly NSFs

    9
    Judgments/Liens

    Yes – Payment Plans Only

    Credit Card Splits

    Yes

    Restricted Industries

    None

    Background

    No violent crimes or financial/fraud felonies

    Bankruptcies

    Discharged okay / No Dismissed bankruptcies within the last 2 years

    Credit Report

    No major delinquencies

    Our in-house guideline....let's talk and get your client funded!
    Arent you with Prosperum? We just got a decline due to time in business (which was 6 months)

    But you say 3 months......sooooo.....

  12. #12
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    CFG Can look at a deal like this - let me know if you want to run it by me.

    Thank you,

    Lior Monus
    CFG Merchant Solutions
    Direct: 516-319-5826
    Lmonus@cfgms.com

  13. #13
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    Quote Originally Posted by ryan $ View Post
    Arent you with Prosperum? We just got a decline due to time in business (which was 6 months)

    But you say 3 months......sooooo.....
    Ryan there was a post yesterday with a screenshot of an employee stating this "funder" backdoors files. Let us know if your google # starts ringing.

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