Who likes funding Pizza Places?!
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  1. #1
    Senior Member Reputation points: 2893
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    Who likes funding Pizza Places?!

    I have a client who owns a pizzeria, 3 Locations and needs funding. Has an existing advance, $3000 balance(only for one location). Having a hard time funding it due to:

    Low credit
    NSFs
    Had an issue with his current Lender(miscommunication by Sales Rep)
    Multiple Processors linked to one account
    Tax Lien (in payment plan)

    He deposits $50-$75/monthly, with 35%-40% coming by way of Credit Card. I do not think he tried to circumvent his Lender and is up to date with them, he is just not very organized.

    *YS has it, Pearl made an offer(way to low)

  2. #2
    Senior Member Reputation points: 290 1StopFunding's Avatar
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    Who likes funding Pizza Places?!

    Have you tried Ty over at New Era?
    Cheryl Tibbs- General Manager
    Equipment LeaseCo Inc
    www.equipmentleaseco.com

  3. #3
    Senior Member Reputation points: 2218
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    You said he has multiple processing accounts . Does he have 1 processing account per location? Or multiple processing accounts per location ( which means hes splitting and no one will fund it )
    I can get it done IF he has 1 processing account per location

  4. #4
    Senior Member Reputation points: 2893
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    Quote Originally Posted by Andy View Post
    You said he has multiple processing accounts . Does he have 1 processing account per location? Or multiple processing accounts per location ( which means hes splitting and no one will fund it )
    I can get it done IF he has 1 processing account per location
    That seems to be the issue. At one of the locations he switched then switched back, but I believe both accounts are active. It does seem like he has 2 at one location but I believe if I was to get his MTD he is only using one.

  5. #5
    Does maintain separate operating accounts for each location? Send me PM.

    Supposed it depends on what happened with the current advance, but it sounds fundable-

    Robert S Bloink
    EVP of ISO Partnerships
    Direct: 313-218-4663
    Email: bb@cooperasset.com
    Web: www.cooperasset.com
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