[Fundyman]

Say a retailer does a certain amount of credit card sales volume per month, I have seen funders say they will fund double, even up to triple the amount of those deposits.

I can't remember who are those companies that boast such funding amounts. Please remind me.

[patrickw]

OnDeck i believe.

[Fundyman]

Only them? It seems as though quite a few funding companies boasted this, until the era of ACH fundings came of age...

[abfunders]

Snap and GRP do some nice things, too, since they can go out to 18 months.

[mcaguru]

it depends what the amount of credit card monthly sales in relative to the average total monthly business revenue...we look at the average monthly business revenue when making an offer... the credit card revenue is not the main factor

[Fundyman]

Ondeck, Snap, GRP all declined, and I know it's all due to credit factors. Low FICO & perhaps delinquent items on the CBR...

[Fundyman]

it depends what the amount of credit card monthly sales in relative to the average total monthly business revenue...we look at the average monthly business revenue when making an offer... the credit card revenue is not the main factor

Do you make MCA offers? There are multiple locations, average monthly gross is $51K, but he requests $55-60K. CC volume is $28K/mo. Can you work that?

[LoanMe]

Say a retailer does a certain amount of credit card sales volume per month, I have seen funders say they will fund double, even up to triple the amount of those deposits.

I can't remember who are those companies that boast such funding amounts. Please remind me.

LoanMe approves files based on affordability/average ending daily balances. We just funded an auto parts dealer bringing in $11k per month a $55k term loan.

Take a look here for some recently funded partner files: https://conta.cc/2xg8jBC

[Jason Sterling]

It's case by case. We have done double but gross sales have to warrant the high remittance % needed to turn it.