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  1. #1
    Banned Reputation points: 112
    Join Date
    Jun 2014
    Posts
    38

    2nd Position Restaurant Lots of Negative Days in 1 month out of 4

    Have a restaurant with 80K to 140k deposits 30K per mos in CC - 2nd position deal. Finished with Swift on June 24th

    13 out of 30 calender days in June negative
    4 out of 30 calender days in May negative
    4 in April
    2 in March
    I have the July to date - shows no negative days

  2. #2
    Senior Member Reputation points: 820
    Join Date
    Jan 2013
    Location
    Berlin, CT
    Posts
    191

    Quote Originally Posted by danra View Post
    Have a restaurant with 80K to 140k deposits 30K per mos in CC - 2nd position deal. Finished with Swift on June 24th

    13 out of 30 calender days in June negative
    4 out of 30 calender days in May negative
    4 in April
    2 in March
    I have the July to date - shows no negative days
    Paid off end of June and July bank statements don't have any issues. Looks like the 2nd position he just paid off was killing his cash flow. Who is the 1st with? What's the balance on that?

  3. #3
    Banned Reputation points: 112
    Join Date
    Jun 2014
    Posts
    38

    First was with Swift, second with Strategic

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