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05-10-2019, 09:35 AM #1
- Join Date
- Dec 2015
- Location
- Texas
- Posts
- 552
Cash checking merchant in Massachusetts - need a lender
ive got a client doing decent numbers and acknowledge the margins are low on return but client is buying a new business and seeking a short term advance. Who can lend to this industry?
pearl wont due to state
ive seen a few of the previous post via searches on this and this appears to be a slim market for this type of merchant
any input helps
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05-10-2019, 10:17 AM #2
- Join Date
- Dec 2013
- Posts
- 4,713
is it strictly check chasing or convenience store as well ?
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
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Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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05-10-2019, 10:29 AM #3
- Join Date
- Dec 2015
- Location
- Texas
- Posts
- 552
check cashing, no payday loans, no retail section
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05-10-2019, 10:43 AM #4
- Join Date
- Dec 2013
- Posts
- 4,713
I think the reason people steer away from that sector is they make between .09-1.7% (sometimes 2.3%) per check cashed.... so its very tight margins.
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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