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  1. #1

    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.

  2. #2
    Senior Member Reputation points: 67930
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    Quote Originally Posted by Just1Guy View Post
    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.
    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
    FC Financial LLC
    dave@fcbankcard.com
    http://www.fcbankcard.com
    1-213-825-0179 (Text or Leave Message)
    Office: 727-233-1111

  3. #3
    Senior Member Reputation points: 4429
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    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
    Exclusively funding credit card split deals since 2005
    Desk 813-371-8233 Mobile 727-492-8812
    Jason.Hausle@quikstonecapital.com www.quikstonecapital.com


    100% Direct Lender

  4. #4
    Senior Member Reputation points: 158599 ryan $'s Avatar
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    Quote Originally Posted by Just1Guy View Post
    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.
    You have got to sit down and do the math.

  5. #5
    Senior Member Reputation points: 29049 Zach's Avatar
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    They're asking for about a 15-18 month turn here (assuming 1.30-1.4)... tough one.
    Zachary Ramirez – CEO
    Phone: 714-516-8110
    Email: zramirez@usacapitalco.com
    www.uscap.co

    1661 N. Raymond Ave #265
    Anaheim CA 92801

  6. #6
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    $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.

  7. #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.

  8. #8
    Senior Member Reputation points: 13995
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    Quote Originally Posted by GRP Funding View Post
    $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.
    Are you guys approving your own deals or still using BFS?
    Your math is correct on this deal.

  9. #9
    Senior Member Reputation points: 158599 ryan $'s Avatar
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    Id say its 7-8 Month deal.

  10. #10
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    Quote Originally Posted by Just1Guy View Post
    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.
    BFS should be your best bet!

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