Accounting Firm Seeks $35K Funding TODAY - Clean Bank Statements & Credit
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  1. 02-27-2018, 12:31 PM #1
    Fundyman
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    Accounting Firm Seeks $35K Funding TODAY - Clean Bank Statements & Credit

    Not sure why I can't get an MCA lender with balls to make a competitive offer on this one...

    Avg deposits: $37K
    Avg daily bal: $5,000
    Avg NSFs/Ov: 0
    Avg neg. days: 0
    Credit: 700+

    What's the problem with the accounting industry that cause lenders not to make competitive offers?
    Who can fund at least $35K on this one over a 7-9 month period?

    Please PM.
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  2. 02-27-2018, 12:35 PM #2
    mcaguru
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    Did Mantis Decline ? seems like i can get this merchant wired today! if we approve
    Last edited by mcaguru; 02-27-2018 at 12:38 PM.
    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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  3. 02-27-2018, 01:27 PM #3
    nrh1lp
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    Quote Originally Posted by Fundyman View Post
    Not sure why I can't get an MCA lender with balls to make a competitive offer on this one...

    Avg deposits: $37K
    Avg daily bal: $5,000
    Avg NSFs/Ov: 0
    Avg neg. days: 0
    Credit: 700+

    What's the problem with the accounting industry that cause lenders not to make competitive offers?
    Who can fund at least $35K on this one over a 7-9 month period?

    Please PM.
    Whoever is underwriting is probably concerned rev is going to drop after tax season, get payback months and if they are solid you shouldn't have a problem with this
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  4. 02-27-2018, 01:32 PM #4
    Yankeeman07
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    Quote Originally Posted by Fundyman View Post
    Not sure why I can't get an MCA lender with balls to make a competitive offer on this one...

    Avg deposits: $37K
    Avg daily bal: $5,000
    Avg NSFs/Ov: 0
    Avg neg. days: 0
    Credit: 700+

    What's the problem with the accounting industry that cause lenders not to make competitive offers?
    Who can fund at least $35K on this one over a 7-9 month period?

    Please PM.
    How quickly do they need $$$ ?

    Consider an SBA Loan

    Example - $25k at $320 a month, no prepayment penalty!!!
    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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  5. 02-27-2018, 01:38 PM #5
    Fundyman
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    Quote Originally Posted by nrh1lp View Post
    Whoever is underwriting is probably concerned rev is going to drop after tax season, get payback months and if they are solid you shouldn't have a problem with this
    I got the offer for 12 months. They're year-round accounting. last 3 months avg $37K, imagine. Even $39K a months ago.
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  6. 02-27-2018, 01:39 PM #6
    Fundyman
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    Quote Originally Posted by Yankeeman07 View Post
    How quickly do they need $$$ ?

    Consider an SBA Loan

    Example - $25k at $320 a month, no prepayment penalty!!!
    Dave, I already got them an SBA 2 yrs ago.
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  7. 02-27-2018, 01:46 PM #7
    Yankeeman07
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    Quote Originally Posted by Fundyman View Post
    Dave, I already got them an SBA 2 yrs ago.
    Get them another - use the proceeds to pay off the 1st and provide them additional working capital.
    Whatever Bank you worked with, should be able to assist you.
    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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  8. 02-27-2018, 01:53 PM #8
    Fundyman
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    Quote Originally Posted by Yankeeman07 View Post
    Get them another - use the proceeds to pay off the 1st and provide them additional working capital.
    Whatever Bank you worked with, should be able to assist you.
    That's also in the works. He just wanted some short-term funds in the meantime.
    Thanks for the insight!
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  9. 03-08-2018, 06:43 PM #9
    Elliot_Kay
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    Hey-- My names Elliot. I’m a new Funder with Ace, pls email me any deals you're looking to get funded outside.

    I’ll take everything you got; high risk is not a problem. I don’t care how many positions the merchant has already...

    Email me for an ISO agreement. Elliot@acefundingllc.com
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