Second Position for a Merchant with Many Over Drafts Average deposits $50k x Month
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  1. 04-18-2019, 11:55 AM #1
    microboby
    microboby is offline
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    Quote Originally Posted by Sachip24 View Post
    may have better chance if you give more details, what kind of business, whats balance on 1st position, current daily payment, when is busy season again, exactly how many overdrafts/NSfs past month etc etc. How are you lenders saying "we can do it send it" without knowing any of this info lol
    Restaurant SIC
    Balance is about 40K CC Split
    Busy Season starts Next month
    OD and NSF over 10 x month
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  2. 04-18-2019, 03:26 PM #2
    Yankeeman07
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    Quote Originally Posted by microboby View Post
    Restaurant SIC
    Balance is about 40K CC Split
    Busy Season starts Next month
    OD and NSF over 10 x month

    We do credit card split / lock box
    Will pay off 1st - net in the range of 50%
    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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  3. 04-18-2019, 04:01 PM #3
    microboby
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    Quote Originally Posted by Yankeeman07 View Post
    We do credit card split / lock box
    Will pay off 1st - net in the range of 50%
    60k in sales x month won't make the cut to net 50% net if you make the math mate
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