[FSB]

We have through an Agent a tough restaurant deal. The problem is that their bank statements are terrible, overdrafts and NSF's, which means that an ACH deal would never work. So, we would need a lockbox split with the processor who is on the First Data platform.

We received an offer for $44K at 21% holdback, 10 months.The merchant said that he was told he could get the same thing with a 10% holdback. Told him, sure you expect them to give you (24) month deal.

Here are the particulars for any lender who thinks they can do the deal.

Time in Business: 7 years
January Processing: $34K
February: $35K
March: $31K
April: $19K
May: $37K
June: $35K

Thanks!

Howie Dane
Funding Sources for Business

(847) 831-4118
president@fundingsourcesforbusiness.com

[mcaguru]

Howie hows the Windy City doing with 91 degree weather ? !!

[Jstarr]

If its in Florida and they own the Real Estate, Call me...

[mcaguru]

Yep Jerry knows the eatery biz world !

[mikem]

We have through an Agent a tough restaurant deal. The problem is that their bank statements are terrible, overdrafts and NSF's, which means that an ACH deal would never work. So, we would need a lockbox split with the processor who is on the First Data platform.

We received an offer for $44K at 21% holdback, 10 months.The merchant said that he was told he could get the same thing with a 10% holdback. Told him, sure you expect them to give you (24) month deal.

Here are the particulars for any lender who thinks they can do the deal.

Time in Business: 7 years
January Processing: $34K
February: $35K
March: $31K
April: $19K
May: $37K
June: $35K

Thanks!

Howie Dane
Funding Sources for Business

(847) 831-4118
president@fundingsourcesforbusiness.com

We've done 20 negs on a 12% holdback.

[FSB]

Great, but as they say, "it's a dry heat"