online retail 150K per month
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  1. #1

    online retail 150K per month

    I have an online retail store that is doing 150K per month and has two current MCA and is looking for another MCA with his merchant account. does anyone do a split on credit card with it being a third position? The current balance for his MCA are 36k and 18K

  2. #2
    Veteran Reputation points: 159120 J.Celifarco's Avatar
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    there are a few companies that would do that but the banks would still need to be positive. Nobody that I know of is going to fund the cc account and do a split deal if the banks are all banged up and negative all the time
    John Celifarco
    Managing Partner
    Horizon Funding Group

    3423 Ave S
    Brooklyn, NY 11234
    T: (347) 773-3990 | F: (718) 795-1990
    Linkedin: Profile
    Email: john@horizonfundinggroup.com

  3. #3
    Member Reputation points: 220
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    We should be able to help you on this. Please feel free to reach out to me directly:

    Alex Procopio, CEO
    LendrzHub
    San Diego, CA
    855-262-2996
    Direct: 619-572-5002
    www.lendrzhub.com

  4. #4
    Member Reputation points: 10 Paul@Guardianlending's Avatar
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    what do the ending balances look like?

  5. #5
    Senior Member Reputation points: 71352
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    CFG does 3rd position CC Splits all the time, but the balances have to be somewhat decent. Deal will take an extra day or two to fill up the reserve, but once that is done it should be a piece of cake.
    Thank you,

    Lior Monus
    Business Development Manager
    CFG Merchant Solutions


    Direct: (646) 880-6764
    Cell: (516) 319-5826
    Fax: (646) 278-7322
    Lmonus@cfgms.com
    180 Maiden Lane New York, NY 10038

    www.cfgmerchantsolutions.com

  6. #6
    10K to 20K ending balance

  7. #7
    Senior Member Reputation points: 54989
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    Mantis funding all day. Should be able to fund same day as submission with contracts back in and then you will be protected by our renewal lock.
    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

  8. #8
    Senior Member Reputation points: 49940
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    I should be able to get you a split/lockbox offer here as long as they have strong balances/cc volume. Feel free to reach out if I can be of any help.

  9. #9
    Senior Member Reputation points: 227883
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    Did you take this over to Lendvo yet?

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