[csichoice]

I have a merchant that needs 50K to do some expansion and the best offer I have gotten is 30K. This will be a first position MCA no negative days the monthly deposits are as follows July 44K Aug 68K Sep 32K.

Are there any direct lenders that could get them to the 50K they want?

[mcaguru]

Dd you try Mantis ? we love 1st position High Risk files!

[J.Celifarco]

industry and credit??? Also what does payback months show.. With the drop in sales in the most recent month payback months would be the only way to get a higher offer

[csichoice]

Child day care credit around 650

[J.Celifarco]

Child day care credit around 650

go with payback months or possibly financials only way to get the offer raised. Dont know if you get all the way to 50k but 40kish sounds possible

[mcaguru]

Child day care credit around 650

Child care... we funded hundreds in that sector.

[csichoice]

I got an offer from Mantis but it was really low

[mcaguru]

I got an offer from Mantis but it was really low

Got it....ask for a bump and see how it goes.

[Atlas Financial]

What John said. Try getting 6 months total in statements to see if the average increases. I don't know if you tried On Deck.. but you should just in case. Unless they've been in business under a year, but the sales/credit make their cut.

[BB_Cooper]

go with payback months or possibly financials only way to get the offer raised. Dont know if you get all the way to 50k but 40kish sounds possible

Agreed. To get to $50K you likely need >3yr TIB and all the stars to align, but doable-

[WestCoastFunding]

I got an offer from Mantis but it was really low

Marcus deserved this.

[mcaguru]

Marcus deserved this.

Firstly it shows we make offers!! 2ndly we fund 100K+ deals all the time ...not sure what the low offers is in this case ? ...

[WestCoastFunding]

Firstly it shows we make offers!! 2ndly we fund 100K+ deals all the time ...not sure what the low offers is in this case ? ...

Mantis is NEVER going to offer $50k to a merchant doing $32K in sept.

[mcaguru]

Mantis is NEVER going to offer $50k to a merchant doing $32K in sept.

Payback months help raise offers all the time !

[SCCNY]

credibly is great for these as they usually just average the last 3 months for offers

[Atlas Financial]

Marcus deserved this.

The bluntness of his comment made me LOL.

[Cashman1]

I have a merchant that needs 50K to do some expansion and the best offer I have gotten is 30K. This will be a first position MCA no negative days the monthly deposits are as follows July 44K Aug 68K Sep 32K.

Are there any direct lenders that could get them to the 50K they want?

Double fund like ever broker. Please do it on Marcus!

[Davincinc]

I have a merchant that needs 50K to do some expansion and the best offer I have gotten is 30K. This will be a first position MCA no negative days the monthly deposits are as follows July 44K Aug 68K Sep 32K.

Are there any direct lenders that could get them to the 50K they want?

how much in cc?

[Sachip24]

what state are they in? if Loanme state they will make strong offer, headway capital can prob get you the 50k or take that 30k offer and give them bluevine LOC., there's few ways you can get you are looking for without having to give 1st and 2nd but that is also another option.

[Lmonus]

This doesn't sound like a 50k deal, but why don't you ask for a bump on your 30k approval, syndicate a couple of bucks and i'm sure you can meet in the middle with 40k and close the deal. Hope this closes for you!

[JAG1700]

If it's really 650 credit and child day care, get the payback months and send those along with the rest of the package you currently have. Happy to take a look at it and see if we can better the offer you currently have.