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08-30-2018, 04:24 PM #1
- Join Date
- Apr 2018
- Posts
- 144
Retail Interior Design Company - 300k
Jan - July
Avg Deposits - $80,000
Avg # Deposits - 6
Avg Daily Balance - $103,000
Credit: 720+
Seeking 300k. How do I get there? Kalamata? TVT? Find someone to purchase 22-25% of future receivables then find a second that goes up to 35% total on a shorter-term? Every merchant says this, but they want to pay off in 3 months when contracts finish up so cost is not a major factor.
The daily balances support the payment whether it be daily or weekly, but the average monthly deposits need to be higher. Month to month it's not very consistent, but the merchant is smart and keeps more money than needed in the bank during a slower month.
Turnaround needs to be less than 7 days, so more traditional route not an option at this time.
Any suggestions are appreciated.
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08-30-2018, 04:36 PM #2
- Join Date
- Dec 2013
- Posts
- 4,713
Cresthill capital sign up today ... we funded for ISO's today alone!! ... more then funding companies fund in a month ! Get on board...!
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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08-30-2018, 05:02 PM #3
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- Apr 2018
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- 144
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08-30-2018, 05:22 PM #4
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- Feb 2017
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- 3,455
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08-30-2018, 05:28 PM #5
- Join Date
- Jun 2016
- Posts
- 416
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08-30-2018, 06:19 PM #6
- Join Date
- Mar 2017
- Location
- Nunya
- Posts
- 830
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08-30-2018, 11:47 PM #7
- Join Date
- Jan 2018
- Posts
- 353
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08-31-2018, 07:22 AM #8
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
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08-31-2018, 10:02 AM #9
- Join Date
- Dec 2015
- Location
- Texas
- Posts
- 552
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08-31-2018, 10:15 AM #10
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- Oct 2016
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- 4,318
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08-31-2018, 10:22 AM #11
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- Dec 2014
- Location
- Quogue, NY
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- 1,108
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09-01-2018, 12:06 AM #12
- Join Date
- Aug 2018
- Posts
- 19
Hey,
300k should be feasible given the situation. We would have to do 2 separate deal on this, so I would have to speak with another partner to get the full amount. Because of the low amount of deposits the rate would be a bit higher, however I could compensate for that with an early payment discount if they plan on paying back in 3 months. Now with them making 80k a month, do they have an A/R list that would justify their ability to pay back early? Shoot me an email and we can speak more about it. bgibbs@fastadvancefunding.com
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09-01-2018, 07:11 AM #13
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
--- So if they are only doing 80k per month how is it that they are going to be able to substantiate AR to justify early payback? If clients are paying in say 45 days that gives them approximately 120k in AR aging (not list)- a far cry less than 300k.
For a client doing 80k per month to get 300k you need to know the PROFIT, which involves an underwrite- not 2 separate deals.. Do the math: let's say the client in some fantasy world gets 300k over 8 months at a 1.3.. That means they will be paying back $49k per month on their 80k in sales.. Does that make any sense at all???
While I admire and respect your zeal to get deals, common sense needs to be factored in.
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09-03-2018, 08:58 AM #14
- Join Date
- Aug 2018
- Posts
- 843
Agreed here.
I was about to sign up with him until i read this. This means he is the type of iso rep who'll always say "yea man! I gotchu send it in" then goes to boss to get pat on head, then he will come back with 50k-80k.
If you want to get this done with an mca, send it to bfs/principis/cancap, get 18 month offers @ 100k, and fund all 3. Afterwards pray he doesn't default or shop around, otherwise you're totally screwed. That is the only way.
Other then that, stack it. Bfs -> knight -> everest -> ein cap -> Yellowstone -> chromecapital -> john braun, then he should be happy. Do it in that exact order and you'll get the highest dollar amounts (ebf/knight beat kalamata/legend on my deals when it comes to $ amount).
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