Doctor with Only 2 or 3 deposits a month
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  1. #1

    Doctor with Only 2 or 3 deposits a month

    I have an emergency room doctor that gets paid through the hospital but only twice a month. He is incorporated and been in practice for 14 years. Credit isn't very good but no issues with the bank account. Deposits about 30k per month and I have over a years worth of bank statements to prove income. He doesn't have a lease as he works directly out of the hospital. However, this clearly isn't home based either. Client is looking for at least 30k if possible and would accept more. Biggest problem has been lack of deposits. However, the volume and history is definitely there.

  2. #2
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    I think mantis would need another deposit we like 4 per month... i may be able to make an exception ? email me..
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
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    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  3. #3
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    Quote Originally Posted by randyw View Post
    I have an emergency room doctor that gets paid through the hospital but only twice a month. He is incorporated and been in practice for 14 years. Credit isn't very good but no issues with the bank account. Deposits about 30k per month and I have over a years worth of bank statements to prove income. He doesn't have a lease as he works directly out of the hospital. However, this clearly isn't home based either. Client is looking for at least 30k if possible and would accept more. Biggest problem has been lack of deposits. However, the volume and history is definitely there.
    Have you considered SBA Startup Loan (25K)
    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

  4. #4
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    I have seen Mulligan accept lower number of deposits... they are a good first position funder, paying 12 on 10 month terms at 1.38. Minimal fees.
    Shannon Harris
    Funding Specialist
    888-705-8818 phone
    239-790-2664 fax
    Shannon@StellarBusinessFunding.com
    www.stellarbusinessfunding.com

  5. #5
    Cooper would fund this deal, regardless of average number of deposits. If there's a history of routine quality deposits, send it our way-


    Robert S Bloink
    EVP of ISO Partnerships
    Direct: 248-341-9477
    Email: bb@cooperasset.com
    Web: www.cooperasset.com
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  6. #6
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    I might be able to help. Send me an email and I will take a look at it.

    Alex P
    www.lenderzhub.com
    alex@lenderzhub.com
    855-262-2996
    Last edited by AlexP; 05-15-2018 at 11:25 AM.

  7. #7
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    24 Capital Funded a deal for me with 1 Deposit a month

  8. #8
    Business Backers will consider files with 1 deposit a month, as long as the file fits risk model.

  9. #9
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    loanme does 1 deposit and also I think quickbridge or national one of those two

  10. #10
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    Quote Originally Posted by Sachip24 View Post
    loanme does 1 deposit and also I think quickbridge or national one of those two
    all 3 of them do one deposit

  11. #11
    Senior Member Reputation points: 3706
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    Have you tried us yet?
    Paul Boxer
    Merchant Marketplace

    Chief Operating Officer
    Chief Revenue Officer

    Cell: (516) 805-9209
    paul@merchantmarketplace.com
    www.merchantmarketplace.com

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