Results 1 to 13 of 13
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04-11-2018, 04:52 PM #1
- Join Date
- Dec 2015
- Location
- Elmira - Horseheads, NY
- Posts
- 7
Too many NSFs but strong revenue
My client is asking for $45,000 after depleting account after repair expenses.
$1,500,000 in annual revenue
In business since 2014
Ag business but not farming - revenue consistent over the year.
Averages $137,190 last four months
Feb 2018 NSFs - 12 total
Mar 2018 - 11
** Note that the business was clean before January and a large loan repayment.Last edited by tfh1962; 04-11-2018 at 05:00 PM. Reason: moe
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04-11-2018, 04:54 PM #2
- Join Date
- Feb 2017
- Posts
- 3,468
He's got real estate or other collateral?
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04-11-2018, 04:59 PM #3
- Join Date
- Dec 2015
- Location
- Elmira - Horseheads, NY
- Posts
- 7
No additional collateral.
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04-11-2018, 05:05 PM #4
- Join Date
- Feb 2017
- Posts
- 3,468
How's their FICO? You can get them unsecured if they're 680+
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04-11-2018, 05:47 PM #5
- Join Date
- Oct 2014
- Posts
- 60
Do they accept credit cards/ are there other advances in there that he's paying? Feel free to reach out to discuss
Daniel Lenefsky
Senior Finance Executive/VP ISO relations
P:646-774-3301
F: 646-398-5656
daniel@yellowstonecapllc.com
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04-11-2018, 06:03 PM #6
- Join Date
- Dec 2013
- Posts
- 4,713
This screams mantis kind of offer!! (sorry for coming on late -- no reason for 2 texts if i am OK?)...
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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04-11-2018, 06:16 PM #7
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 3,000
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
Office: 727-233-1111
Skype: fc-financial
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04-11-2018, 06:29 PM #8
- Join Date
- Jan 2014
- Posts
- 1,380
if his clients are commercial go the factoring or ABL route, they wont care about nsf's
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04-11-2018, 07:07 PM #9
- Join Date
- Dec 2015
- Location
- Elmira - Horseheads, NY
- Posts
- 7
They don稚 accept credit cards.
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04-11-2018, 07:09 PM #10
- Join Date
- Dec 2015
- Location
- Elmira - Horseheads, NY
- Posts
- 7
ABL - no unemcumbered assets exist.
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04-11-2018, 07:19 PM #11
- Join Date
- Dec 2015
- Location
- Elmira - Horseheads, NY
- Posts
- 7
The FICO IS APPROXIMATELY 680. I did not run credit.
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04-11-2018, 07:21 PM #12
- Join Date
- Dec 2015
- Location
- Elmira - Horseheads, NY
- Posts
- 7
I don稚 know Mantis. Reading about Mantis is more than a little interesting.
LoanMe liked everything about this deal, except the location - Texas.
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04-11-2018, 07:39 PM #13
- Join Date
- Feb 2017
- Posts
- 3,468
Get the credit report? www.creditchecktotal.com gets your all 3 or www.freecreditscore.com (Experian) and Credit Karma (TU and Equifax).
That will tell you the truth.
If it's like you say, I'll give you a reference you can use to monetize this.
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