restaurant always negative
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  1. #1
    Senior Member Reputation points: 24
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    Jan 2019
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    restaurant always negative

    Hi. restaurant, negative on avg. 15 days a month. The bank statements are 23k, 50k, 56k. The credit card statements are 33k 29 k, and 14k. Anyone who could help, I'd appreciate it. Processor is Heartland which is part of global. credit card split, lockbox, anything. Thank you

  2. #2
    Senior Member Reputation points: 203690
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    If they are already negative 50% of of the month (75%) of monthly pay days...getting them an hold back deal would only make matters worse. That's less money going into the account.

  3. #3
    Senior Member Reputation points: 24
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    what do you suggest? I generally suggest anything seasonal does better under a split, as well as salons, barbers, who do little to no business on sundays and mondays, and restauants as well. A lot of times, these businesses go under with mca. Plus, restaurants with that many negative days has no shot at cash advance.

  4. #4
    Senior Member Reputation points: 54989
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    Mantis may be the most aggressive on neg days but 15 is 6 days more than id like to see. FYI many many changes that will give you a competing advantage !! (big time of the super-subprime 100K+ deals and also for the 2-10K deals!!) .....

    NOT WORKING WITH US YET...SIGN-UP TODAY!!
    Last edited by mcaguru; 03-22-2019 at 10:51 AM.
    Marcus Clapman | Business Development | Cresthill Capital
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  5. #5
    Senior Member Reputation points: 503040
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    Quote Originally Posted by mcaguru View Post
    Mantis may be the most aggressive on neg days but 15 is 6 days more than id like to see. FYI many many changes that will give you a competing advantage !! (big time of the super-subprime 100K+ deals and also for the 2-10K deals!!) .....

    NOT WORKING WITH US YET...SIGN-UP TODAY!!
    Marcus, can you tell your team to stop spamming offers. It’s great when you send an offer, but these automated emails for each offer, that are resent EVERY SINGLE DAY, is getting annoying.

  6. #6
    Senior Member Reputation points: 198007
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    Quote Originally Posted by mcaguru View Post
    Mantis may be the most aggressive on neg days but 15 is 6 days more than id like to see. FYI many many changes that will give you a competing advantage !! (big time of the super-subprime 100K+ deals and also for the 2-10K deals!!) .....

    NOT WORKING WITH US YET...SIGN-UP TODAY!!
    Capture.PNG

  7. #7
    Simply funding LLC

    email or call me. Thanks.
    Last edited by Mo_farhadi; 12-24-2023 at 01:37 PM.

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