Results 1 to 7 of 7
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03-21-2019, 07:09 PM #1
- Join Date
- Jan 2019
- Posts
- 117
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
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03-21-2019, 07:28 PM #2
- Join Date
- Jan 2014
- Posts
- 1,377
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.
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03-22-2019, 09:00 AM #3
- Join Date
- Jan 2019
- Posts
- 117
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.
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03-22-2019, 10:42 AM #4
- Join Date
- Dec 2013
- Posts
- 4,713
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.
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03-22-2019, 11:36 AM #5
- Join Date
- Oct 2016
- Posts
- 4,318
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03-22-2019, 11:46 AM #6
- Join Date
- Mar 2017
- Location
- Nunya
- Posts
- 830
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03-22-2019, 11:51 AM #7
- Join Date
- Aug 2018
- Posts
- 16
Simply funding LLC
email or call me. Thanks.Last edited by Mo_farhadi; 12-24-2023 at 01:37 PM.
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