Results 1 to 18 of 18
-
04-17-2019, 01:18 PM #1
- Join Date
- Nov 2014
- Posts
- 97
Second Position for a Merchant with Many Over Drafts Average deposits $50k x Month
Deposits from $45 to $60K per month its their Slow Season so we need $20k , has many OD and some NSF's
NOTE : Have a Mantis offer but it's too low , they won't go up . Vader said no and YSC said No. both because the overdrafts and NSF's
Who else could do this??
Thanks
-
04-17-2019, 01:43 PM #2
- Join Date
- Jun 2017
- Posts
- 2,049
No real info here....
Try LCF, Mainstreet
-
04-17-2019, 02:10 PM #3
- Join Date
- Oct 2014
- Location
- Naples, FL
- Posts
- 474
If they do a lot in CC's... you might be able to do a cc split. Neg days and NSF's don't matter as much to many uw'ers.
-
04-17-2019, 02:32 PM #4
We can look at this deal, Submissions@EastShoreEquities.com
-
04-17-2019, 02:52 PM #5
- Join Date
- Dec 2013
- Posts
- 4,713
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
-
04-17-2019, 05:00 PM #6
- Join Date
- Nov 2014
- Posts
- 97
-
04-17-2019, 05:57 PM #7
- Join Date
- Dec 2013
- Posts
- 4,713
Let us know what he comes back with FYI...you can always email me and i can go to the Uw and see what can be done.
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
-
04-17-2019, 06:31 PM #8
- Join Date
- Nov 2014
- Posts
- 97
''
Lerry and Rickard Kim went trough it twice and no increase . Not surprised because even when I like Mantis and fund here and there with them I always know their offers are a little low most of the times . No biggie , Its the business model 1.48 80 Payments and so but sometimes no one else presents an offer so can't complain
-
04-17-2019, 06:43 PM #9
- Join Date
- Dec 2013
- Posts
- 4,713
At times too high can be an issue. Yes you get a higher offer and than company goes under.....I can put on here 20 subprime funders that left the market since 2007 with people losing all their renewals because they were giving higher offers than merchant can handle -- I like to believe that Mantis's Underwriters are like F-16 Pilots on the side of Airforce ONe on a cloudy night
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
-
04-17-2019, 07:30 PM #10
- Join Date
- Jan 2014
- Posts
- 1,375
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
-
04-18-2019, 11:55 AM #11
- Join Date
- Nov 2014
- Posts
- 97
-
04-18-2019, 11:56 AM #12
- Join Date
- Nov 2014
- Posts
- 97
-
04-18-2019, 03:26 PM #13
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,959
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
-
04-18-2019, 04:01 PM #14
- Join Date
- Nov 2014
- Posts
- 97
-
04-18-2019, 05:26 PM #15
- Join Date
- Aug 2017
- Location
- New York City
- Posts
- 199
Bet mantis kills the deal after u get the coj done and all
-
04-18-2019, 05:32 PM #16
- Join Date
- Jun 2015
- Posts
- 3,325
-
04-19-2019, 09:58 AM #17
- Join Date
- Feb 2016
- Posts
- 55
Something Cooper Asset could definitely compete with
Reach out to bterner@cooperasset.com and let me see what we can come up with!Ben Terner
VP of ISO Relations
Direct: 248-341-9789
Email: bterner@cooperasset.com
Web: www.cooperasset.com
-
04-19-2019, 04:25 PM #18
- Join Date
- Dec 2015
- Posts
- 17
PM me, I can get you a better and profitable deal for you. Sorry you have had bad luck with those lenders but we can take a look and get you to where you need to be.
Similar Threads
-
Merchant does 1 to 2 deposits a month
By CashAdvanceKing in forum Merchant Cash AdvanceReplies: 6Last Post: 03-15-2019, 01:04 PM -
3 substantial deposits per month, California company, 90k in February, 1 position 8k
By MCABroker123 in forum Deal BinReplies: 6Last Post: 03-11-2018, 10:15 AM -
Who will fund this deal with an average of 8K a month in deposits
By gcfandrew in forum Deal BinReplies: 6Last Post: 06-23-2017, 10:40 AM -
Merchant averaging $35K but has less than 10 deposits per month. Recommendations?
By Quickfunder in forum Deal BinReplies: 8Last Post: 10-03-2016, 09:02 PM -
Need to find a funder that can fund average an average of 4 deposits a month?
By sigma94 in forum Deal BinReplies: 7Last Post: 07-14-2015, 08:00 PM