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12-11-2018, 05:11 PM #1
Reputation points: 44171
- Join Date
- Aug 2017
- Posts
- 405
Need 50K asap
November 63K
October 139K
September 203K
Credit is 440, She had a Bk in 2010
TIB January 2018
She had a 25K loan with mantis and paid it off in full this they are now offering 75K now.
She also does Credit card sales
I need to get her 50K by friday!!!Last edited by Mynameisbob; 12-11-2018 at 08:42 PM.
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12-11-2018, 05:21 PM #2
Reputation points: 84417
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,977
We do credit card splits / lockbox.
Is your posting correct, November Revenue was 63K , which was 50% of the October Revenue ?
It would appear the business is seasonal and you want to load her with a 50K which is roughly 80% of gross revenue
in November
How would she service that debt?Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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12-12-2018, 09:47 AM #3
Reputation points: 54989
- Join Date
- Dec 2013
- Posts
- 4,713
Yep MANTIS / Cresthill has been VERY aggressive last few weeks !!!
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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12-13-2018, 01:09 AM #4
Reputation points: 44171
- Join Date
- Aug 2017
- Posts
- 405
Too bad Mantis doesn't work well with brokers....
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12-12-2018, 10:50 AM #5
Reputation points: 8447
- Join Date
- Jul 2015
- Location
- Tampa Florida
- Posts
- 502
We can look at this on CC split and consider seasonality. Please provide January - November processing statements along with October & November banks.
Jason H l Sales & Business Development
Quikstone Capital Solutions l Tampa FL
Direct Line & Mobile 813-371-8233 l Fax 813-371-8233 l Text 727-492-8812
Jason.Hausle@quikstonecapital.com
www.quikstonecapital.com
Direct Lender Since 2005
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12-12-2018, 12:30 PM #6
Reputation points: 49940
- Join Date
- Aug 2014
- Posts
- 620
50k might be doable if December MTD revenue is back up. Feel free to reach out if I can be of any help.
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12-12-2018, 01:07 PM #7
Depends on the MTD, but we can fund sub 500 credits
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12-12-2018, 02:35 PM #8
Reputation points: 1949
- Join Date
- Nov 2018
- Location
- San Diego, CA
- Posts
- 75
I think the Mantis renewal offer is strong here. Otherwise possibly CFG.
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