Results 1 to 9 of 9
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06-08-2018, 04:02 PM #1
Which Funders Fund Double the Gross Credit Card Deposits or More?
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.
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06-08-2018, 04:02 PM #2
OnDeck i believe.
Patrick Wilson
Managing Partner
www.PremierCapitalNetwork.com
(NO MORE LENDER/FUNDER CALL PLZ)
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06-11-2018, 09:24 AM #3
Only them? It seems as though quite a few funding companies boasted this, until the era of ACH fundings came of age...
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06-11-2018, 09:33 AM #4
- Join Date
- Feb 2017
- Posts
- 3,463
Snap and GRP do some nice things, too, since they can go out to 18 months.
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06-11-2018, 10:53 AM #5
- Join Date
- Dec 2013
- Posts
- 4,713
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
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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06-11-2018, 03:04 PM #6
Ondeck, Snap, GRP all declined, and I know it's all due to credit factors. Low FICO & perhaps delinquent items on the CBR...
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06-11-2018, 03:06 PM #7
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06-11-2018, 07:18 PM #8
- Join Date
- Nov 2014
- Posts
- 438
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/2xg8jBCLoanMe Business
949-535-7798
Email: Business.Loans@LoanMe.com
www.loanme.com/SBL-partner
1900 S State College Blvd. Suite 300
Anaheim, CA 92806
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06-12-2018, 11:43 AM #9
- Join Date
- Jul 2015
- Location
- Tampa Florida
- Posts
- 503
It's case by case. We have done double but gross sales have to warrant the high remittance % needed to turn it.
Jason H l Sales & Business Development
Quikstone Capital Solutions l Tampa FL
Direct Line & Mobile 813-371-8233 l Fax 813-371-8233 l Text 727-492-8812
Jason.Hausle@quikstonecapital.com
www.quikstonecapital.com
Direct Lender Since 2005
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