[skideeppow]

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?

[Kevin Henry-Seacoast]

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?

No, but I have some marsh mellows you can roast over that dumpster fire....

[ryan $]

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

[ryan $]

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

[Chambo]

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

[Jason Sterling]

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.

[Chambo]

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.

Paying off one position, the merchant has to net 70%? for Real?

[Michael Slabitcher]

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.

Quikstone just funded a deal for me with a bunch of negative days and NSF. They are funding a second deal this upcoming week, again with a substantial number of NSF and negative days. Highly recommended!

PS
They don't charge the merchant any fees!

[Yankeeman07]

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?

Credit Card Split / Lock Box
Amount of funding your client is seeking?

We do not require merchant to change credit card processor.

[Big Mack]

Perhaps check out Pharmacy Funding (I'm not affiliated with them but have heard about them through one of my ISO's).

[ESE5020]

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

[skideeppow]

he does not take cc. Very strange, claims to be in a low income neighborhood and no one uses cc's.