Cash checking merchant in Massachusetts - need a lender
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  1. #1
    Senior Member Reputation points: 27404
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    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
    Steven Jones
    www.davincinc.com
    Steven@davincinc.com
    PH: 210-290-4102
    "We can beat your offer!"

  2. #2
    Senior Member Reputation points: 54989
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    is it strictly check chasing or convenience store as well ?
    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

  3. #3
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    check cashing, no payday loans, no retail section
    Steven Jones
    www.davincinc.com
    Steven@davincinc.com
    PH: 210-290-4102
    "We can beat your offer!"

  4. #4
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    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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