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05-17-2019, 01:17 PM #1
- Join Date
- Apr 2013
- Location
- Basalt CO
- Posts
- 869
Pharmacy Doing $80k a month
Downside is he has a **** ton of NSF, OVerdraft and ave daily balance is negative. Tons of NSF fees.
Anyone specialize in Pharmacies that can overlook the problems to provide funding?I put my contact info in here, and
was bombarded with spam from funders
if you need to reach me PM me
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05-17-2019, 01:19 PM #2
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,508
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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05-17-2019, 01:47 PM #3
- Join Date
- Jun 2017
- Posts
- 2,049
There are Companies who will completely ignore NSF and Overdrafts (depending on how the bank treats them - and if they are consistent) and just put a split on him
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05-17-2019, 01:45 PM #4
- Join Date
- Jun 2017
- Posts
- 2,049
One of the best deals I ever had (renewed steadily for about a decade)
Was a very big Pharmacy/Department Store in a posh posh area of upstate NY.
They did big Volume too.
NSFs and Negatives - and it's a Pharmacy???? SPLIT DEAL - ALL DAY, I wouldn't even submit it without the CC Statements
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05-17-2019, 02:46 PM #5
depends on those NSFs,...are they fees, but the bank is honoring the payments, or are there returns? If the latter, ain't going anywhere, because they cannot handle current cash flow, how would they handle less money coming from CC's?
Also, big Pharmacy, Upstate NY? Where upstate? Might want to make sure they aren't an Oxy factory that would soon be under investigation
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05-17-2019, 06:14 PM #6
- Join Date
- Jul 2015
- Location
- Tampa Florida
- Posts
- 503
We can look at this on credit card split if they have decent credit card volume. We don't mind negative days or nsf's.
Deal Submissions:
Fully completed and signed application (Majority owner fills this out and signs)
Two most recent business bank statements with all pages OR merchant business bank account username and password
Most recent 6 months credit card processing statements with all pages OR merchant processing account username and password
Copy of owners driver license or passport (Will need this before funding is released)
If deal will be $50,000 or more we need the 2018 tax return OR year to date 2019 profit and loss statement with balance sheet
If there is an existing funding/cash advance we need to know the balance and will need a payoff letter to move forward (1st Position only, merchant must net 70-75%)
Please ask your merchants about liens & judgments before submitting deals. This can save everyone time.Jason H l Sales & Business Development
Quikstone Capital Solutions l Tampa FL
Direct Line & Mobile 813-371-8233 l Fax 813-371-8233 l Text 727-492-8812
Jason.Hausle@quikstonecapital.com
www.quikstonecapital.com
Direct Lender Since 2005
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05-17-2019, 06:57 PM #7
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05-17-2019, 11:06 PM #8
- Join Date
- Dec 2017
- Posts
- 277
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05-18-2019, 01:19 AM #9
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,996
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
Office: 727-233-1111
Skype: fc-financial
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05-20-2019, 09:31 AM #10
- Join Date
- Aug 2017
- Posts
- 251
Perhaps check out Pharmacy Funding (I'm not affiliated with them but have heard about them through one of my ISO's).
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05-20-2019, 10:15 AM #11
Would need more info on his OverDraft protection, if they're receivables and credit is solid, we may be able to offer weekly payments here
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05-20-2019, 11:15 AM #12
- Join Date
- Apr 2013
- Location
- Basalt CO
- Posts
- 869
he does not take cc. Very strange, claims to be in a low income neighborhood and no one uses cc's.
I put my contact info in here, and
was bombarded with spam from funders
if you need to reach me PM me
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