Results 1 to 10 of 10
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03-13-2018, 01:21 AM #1
- Join Date
- Feb 2018
- Posts
- 7
Looking for lowest hold back available
First off, hello to all. I'm fairly new to the space and have only signed up with a handful of funders.
Anyone that can steer me in the right direction here will be much appreciated. Looking to find a home for this client.
Food & Beverage Industry
78K average deposits 98% through CC's
Less than 5 years TIB
Wants lower than 8% hold back on 30K
Need a Direct Funder who can make this client's dream a reality.
Suggestions are welcome.
PM for more details.
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03-13-2018, 07:49 AM #2
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,993
Credit Card Split - Hold Back will be in the range of 15% to 20% with a 6 to 9 month turn.
(I do not believe an 8% Hold-Back is a reasonable option)
or a possible SBA Loan - get him more capital for a longer term.
Example - SBA loans: 1X a month principle and interest payment, 10 yr. term & no prepayment penalty.
$125k is only $1468/month.
25K would be in the range of $350.00 per month.
Call me or email for application.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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03-13-2018, 11:24 AM #3
- Join Date
- Jul 2015
- Location
- Tampa Florida
- Posts
- 503
If the deal is super clean and qualifies for our platinum level pricing we might be able to do 7.5% remittance. If not it will most likely be 9-12% remittance. We specialize in credit card split deals and have been funding them since 2005.
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
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03-13-2018, 11:42 AM #4
- Join Date
- Jun 2017
- Posts
- 2,049
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03-13-2018, 12:22 PM #5
They're asking for about a 15-18 month turn here (assuming 1.30-1.4)... tough one.
Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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03-13-2018, 12:33 PM #6
- Join Date
- Jan 2013
- Location
- Berlin, CT
- Posts
- 191
$78k total monthly deposits with 98% of it being CC sales? If they're only looking for $30k, this shouldn't be more than a 5-6 month deal at an 8% holdback.
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03-13-2018, 12:41 PM #7
- Join Date
- Feb 2018
- Posts
- 7
Correct Zach. Tough one. He does have offers on table all higher than 10%.
You have to take into consideration that this client is processing roughly 75-80K in CC's per month. 10% is a lot. Very short term.
ACH is an option as well if anyone has any suggestions on 15-18 months.
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03-13-2018, 12:46 PM #8
- Join Date
- Jul 2013
- Posts
- 352
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03-13-2018, 01:03 PM #9
- Join Date
- Jun 2017
- Posts
- 2,049
Id say its 7-8 Month deal.
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03-13-2018, 10:13 PM #10
- Join Date
- Jan 2018
- Posts
- 353
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