300k monthly deposits with judgments
Need a Funder or Vendor? START HERE

Results 1 to 4 of 4
  1. #1
    Member Reputation points: 60
    Join Date
    Sep 2017
    Location
    New Jersey
    Posts
    6

    300k monthly deposits with judgments

    I have a merchant who is seeking $140,000 total (He will accept funding in increments of $20,000 to make lenders more comfortable) He owns a fresh food market comparable to A&P or Shop-rite. The business start date is December 2016, and does $250k-$300k in deposits consistently each month. (I have been to his business location because we are taking over his CC processing). The majority of his sales are on CCs, and is willing do enter into a daily ACH or CC Split/Lockbox agreement.

    The problem is the merchant has 2 judgments against him (MCA defaults). One dated June of 2017 for $44,762, and the other dated November 2017 for $43,900 both under different entities.

    Please advise if anyone is willing to learn more information on this file. Thank you in advance.

  2. #2
    Senior Member Reputation points: 27404
    Join Date
    Dec 2015
    Location
    Texas
    Posts
    552

    Quote Originally Posted by wefundcap View Post
    I have a merchant who is seeking $140,000 total (He will accept funding in increments of $20,000 to make lenders more comfortable) He owns a fresh food market comparable to A&P or Shop-rite. The business start date is December 2016, and does $250k-$300k in deposits consistently each month. (I have been to his business location because we are taking over his CC processing). The majority of his sales are on CCs, and is willing do enter into a daily ACH or CC Split/Lockbox agreement.

    The problem is the merchant has 2 judgments against him (MCA defaults). One dated June of 2017 for $44,762, and the other dated November 2017 for $43,900 both under different entities.

    Please advise if anyone is willing to learn more information on this file. Thank you in advance.
    will he take a 4 month 1.49? message me if yes, i can give you direct lender who can do this..

  3. #3
    Are judgements satisfied? Is there a reasonable explanation of the previous defaults? If ye I can prb go out a lil longer then 4 months..

  4. #4
    Are all judgements satisfied? Is the merchant in a payment plan? Which companies is it with?
    Adam Ward
    911 Ave U
    Brooklyn NY 11235
    adam@Funding-Zone
    347-269-1598

Similar Threads

  1. Replies: 12
    Last Post: 03-15-2019, 03:41 AM
  2. 300k monthly deposits with judgments
    By wefundcap in forum Merchant Cash Advance
    Replies: 9
    Last Post: 03-11-2019, 02:26 PM
  3. Replies: 5
    Last Post: 07-31-2018, 01:03 PM
  4. Trucking $200-$300k monthly
    By Fishing in forum Deal Bin
    Replies: 11
    Last Post: 01-13-2017, 04:26 PM
  5. 300k/monthly 2nd position
    By brokerCompany in forum Deal Bin
    Replies: 8
    Last Post: 01-15-2016, 03:44 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Blue Owl Capital acquires Atalaya
Kansas added to disclosure service tool
FIS launches SMB digital lending


DIRECTORY