Restaurant Deal
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  1. #1
    Senior Member Reputation points: 1018
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    Oct 2012
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    Restaurant Deal

    This is restaurant located in Texas. Here are the specifics.

    December $69K
    January $70K
    February 61K
    TIB 8 Years

    No NSF's, good average daily balances, and ending balances.

    Need sell rate lower than 1.28/at least 9 months/with 12pts built-in.

    Also, no origination fee's. Merchant to get full advance without an deductions. and no COJ.

    Lenders Only!

    Howie Dane
    Funding Sources for Business

    president@fundingsourcesforbusiness.com

  2. #2
    Senior Member Reputation points: 203963
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    how was revenue in March and April? if credit is good online checkout all day

  3. #3
    Senior Member Reputation points: 341293
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    I have a feeling you will see a lot more restaurants seeking capital over the next several months. Putting my trader hat on.....I would be shorting the crap out of the industry right now.
    Kevin Henry
    VP-Business Development
    Seacoast Business Funding, a division of Seacoast Bank
    561-850-9346
    Kevin.Henry@SeacoastBF.com
    1880 N Congress Ave., Suite 404
    Boynton Beach, FL 33426

  4. #4
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    This sounds like a Rapid Advance deal... ALL DAY.

  5. #5
    Senior Member Reputation points: 5110 LJH365's Avatar
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    credit?
    Sean Hawley
    CEO
    BLF
    Bright Light Freight
    shawley@brightlightfreight.com.com
    631-210-6327
    SBA, Term Loans, LOC, MCA & Equipment Finance (Transportation & Trucking)

  6. #6
    Veteran Reputation points: 135672 Chambo's Avatar
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    Quote Originally Posted by Steven_O View Post
    This sounds like a Rapid Advance deal... ALL DAY.
    Not with THESE demands

    "Need sell rate lower than 1.28/at least 9 months/with 12pts built-in."

  7. #7
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    Quote Originally Posted by kevinhenry0527 View Post
    I have a feeling you will see a lot more restaurants seeking capital over the next several months. Putting my trader hat on.....I would be shorting the crap out of the industry right now.
    Bump...anyone else noticing this trend.....
    Kevin Henry
    VP-Business Development
    Seacoast Business Funding, a division of Seacoast Bank
    561-850-9346
    Kevin.Henry@SeacoastBF.com
    1880 N Congress Ave., Suite 404
    Boynton Beach, FL 33426

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