[rickyortizmatos]

The merchant needs only $15K. He has another business (Tire Center) in the same location, but actually has a 1st position advance and no margin for a 2nd one. However, the monthly deposits in the gas station account averages above $50K and no advance or pending balance in this one.

[Jstarr]

Thats a tough one, not that it's in PR, it's because of the asset type - normally any financing on a gas station will require an environmental( phase 1 and possible 2) especially after a a storm, they could possible have leakage -and this could get very expensive, and lender like myself dont like taking that type of risk.

We've had money tied up in escrow for long periods of time until a clean up was complete... no fun.

[Chambo]

wow,...not only a gas station...but a gas station in storm ravaged Puerto Rico

[Davincinc]

The merchant needs only $15K. He has another business (Tire Center) in the same location, but actually has a 1st position advance and no margin for a 2nd one. However, the monthly deposits in the gas station account averages above $50K and no advance or pending balance in this one.

whats the balance on the first position? we can probably do a second on a cc split message us!

[mcaguru]

wow,...not only a gas station...but a gas station in storm ravaged Puerto Rico

could be worse chambo can be does anyone one fund a gas station in purto rico that has defaulted and has 3 partners 2 not willing to sign and btw they also sells cars.

[Finance Guru]

We do fund in Puerto Rico if you would like to discuss this deal further with me.