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06-18-2018, 03:45 PM #1
- Join Date
- Apr 2013
- Location
- Basalt CO
- Posts
- 869
Restaurant TIB 3 months
Have a restaurant doing cc sales of $35-40k/month. TIB is short.
Anyone doing something like this out of the box?I put my contact info in here, and
was bombarded with spam from funders
if you need to reach me PM me
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06-18-2018, 03:57 PM #2
- Join Date
- Dec 2013
- Posts
- 4,713
mantis has funded a ton of files that barely touched on 3 complete months in business!
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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06-18-2018, 05:14 PM #3
- Join Date
- Apr 2013
- Location
- Basalt CO
- Posts
- 869
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06-18-2018, 05:34 PM #4
- Join Date
- Dec 2013
- Posts
- 4,713
I sit with final underwriters all day long and hear them discuss how they are about to fund a business only 10 weeks in business. (must be over 3 month banks statements) i also have a network of (cant get into all our secrets) that gives us fresh NEW in business Applications files (maybe a sign store business --not that example but its close enough so you know the business is NEW) and we fund tons of them. please email me and i will see why (with name of business) so i can see why your specific example was declined).
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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06-18-2018, 04:06 PM #5
90% failure rate, that is the national average for startup restaurants - the barrier of entry is minimal, and every one of them are undercapitalized when they open, chances are he will be out of business soon, 3 months TIB and 3 more months until they are closed.
I have first had experience with this - we own a firm that has over 1200 restaurant clients.Jerry Starr
Insource Funding
433 Plaza Real,
Boca Raton, Fl 33432
P: 800-805-3391 Fx: 561-270-6895
insourcefunding.net
WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL
◆ 50% LTV - No Fico Required
◆ 90% CLTV on Purchases
◆ Investment Residential / Commercial Properties
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06-18-2018, 04:33 PM #6
- Join Date
- Dec 2013
- Posts
- 4,713
Jerry you maybe correct for some reason the 10% that don't go out of business seem to be littered all over our portfolio but with all jokes aside i was at the national restaurant association conference years ago and i went to a lecture that claimed its closer to 50% that go under. I don't know what they were using to calculate those numbers. (Could be things perhaps have changed last few years or perhaps i missed a vital point in the lecture).
Last edited by mcaguru; 06-18-2018 at 04:37 PM.
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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06-18-2018, 05:03 PM #7
- Join Date
- Feb 2017
- Posts
- 3,468
Quikstone (Sterling) has advertised here that they can do this if the lender pay the vendor directly and they switch over their processing...
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06-19-2018, 11:27 AM #8
- Join Date
- Jul 2015
- Location
- Tampa Florida
- Posts
- 503
That is our Jumpstart funding which is for unopened business, funds have to be used for POS systems / equipment. We pay the POS reseller / equipment supplier directly. We don't release funds on Jumpstarts until the business opens and completes two batches with Sterling Payment processing. Thanks
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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06-18-2018, 05:47 PM #9
- Join Date
- Dec 2013
- Posts
- 4,713
Did you just send me the deal based in Indiana if it is we approved! (may be mixing up another daily funder conversation ).
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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06-18-2018, 05:55 PM #10
- Join Date
- Nov 2014
- Posts
- 438
LoanMe 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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06-19-2018, 11:23 AM #11
- Join Date
- Jul 2015
- Location
- Tampa Florida
- Posts
- 503
We can look at this on credit card split.
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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06-28-2018, 11:36 AM #12
- Join Date
- Jun 2018
- Location
- NY,NY
- Posts
- 8
albert@prosperumcapital.com
646-491-6961
90 days is good enough.
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