Results 1 to 17 of 17
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04-25-2019, 06:08 PM #1
- Join Date
- Dec 2016
- Posts
- 56
split deal with 10 negative days and 2 positions open
6 year old restaurant in NY
one owner with 625 credit
averages $50k a month with $10k in credit cards
has negative days 10 plus
POS Clover system...looking for a split deal or lockbox
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04-25-2019, 06:49 PM #2
the subject mentions two positions open, but you fail to list info on those two positions. Based on the negative day info, it seems the merchant is having cash flow issues, so I don't see how adding a third position is going to help him (sounds like it would just create bigger NSF issues)
Depending on the balance,s I would try to taker out those positions and keep one CC based deal in there.
Otherwise, you are setting the merchant up for default and/or closing the business. Then you lose any potential renewal and piss off the funder who gave the guy a shot. A real win-win.
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04-25-2019, 06:51 PM #3
- Join Date
- Oct 2016
- Posts
- 4,318
They’re going out of business.
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04-25-2019, 08:02 PM #4
- Join Date
- Jan 2014
- Posts
- 1,378
cc holdback means less money being deposited then already is he will go from 10nsf's to 20
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04-26-2019, 10:57 AM #5
Why is the credit at 625? If you can determine why, and if it is something that can be easily addressed, your client could be in position for a term with a 25 point bump in his score. Have you considered this?
PM if you'd like to discuss.Sean Hawley
CEO
BLF
Bright Light Freight
shawley@brightlightfreight.com.com
631-210-6327
SBA, Term Loans, LOC, MCA & Equipment Finance (Transportation & Trucking)
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04-26-2019, 03:26 PM #6
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,977
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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04-26-2019, 03:38 PM #7
- Join Date
- Oct 2016
- Posts
- 4,318
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04-26-2019, 03:50 PM #8
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04-26-2019, 04:00 PM #9
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,977
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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04-26-2019, 04:02 PM #10
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04-26-2019, 04:17 PM #11
- Join Date
- Oct 2016
- Posts
- 4,318
Sometimes businesses fail. Can’t save them all.
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04-26-2019, 05:39 PM #12
- Join Date
- Apr 2014
- Posts
- 781
Out of business, agreed
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04-29-2019, 12:05 PM #13
- Join Date
- Apr 2019
- Posts
- 19
A1 Financial USA's Investors will give it a look. We once funded a business with 17 neg days...other things need to be in place.
50% comm split...909-930-9159, or email last 3 months statements, app, owners color DL photo to Mark@A1FinancialUSA.com
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04-29-2019, 02:01 PM #14
- Join Date
- Dec 2013
- Posts
- 4,713
Mantis may be able to fund without Split... its case by case but believe we have one of the highest (if not the highest) NSF max in the super subprime game!
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
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04-29-2019, 04:19 PM #15
- Join Date
- Jan 2014
- Posts
- 1,378
how would this not lead to more nsfs??? less money going into the account everyday. Especially if its a lock box where the money will be held for an extra day and this is a restaurant which means they are busy during weekends, that money will not hit their account until Tuesday or Wednesday and you are saying this will not cause more issues??
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05-06-2019, 09:45 PM #16
- Join Date
- May 2019
- Posts
- 20
100 percent will fund it its james from high five funding we fund defaults declines over leveraged merchants any type of deal we beat any offer aprove 95 percent of the files that come in any file deposting over 10k a month no matter what the case is try me out with any deal 347 301 4568 CALL AT ANY TIME FOR 25 -30 MIN APPROVALS MAX
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05-07-2019, 02:19 PM #17
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