Restaurant needing $150K - First Position- negative days is an issue
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  1. #1

    Restaurant needing $150K - First Position- negative days is an issue

    I am looking for a lender who can take a restaurant with several negative days first position. Does an average of $150k a month, good credit, has been in business for several years.

    Thanks!

  2. #2
    Would really depend on ending daily balances
    High risk deal due to negative banking also if he has no mca history it won't be approved by us based of the details provided
    Possible to work a weekly on a 1st though

    Jayson@Mradvancellc.com

  3. #3
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    Quote Originally Posted by Maverick merchant View Post
    I am looking for a lender who can take a restaurant with several negative days first position. Does an average of $150k a month, good credit, has been in business for several years.

    Thanks!
    Specific usage of funds?
    One Possible Option would be an SBA

    $150K- 120 Payments - Estimated Monthly $1845.00 No Prepayment Penalty
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  4. #4
    depends on how bad negative days are, but we can do something like that off of the credit card sales. Hit us up at team@centraldiligencegroup.com

  5. #5
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    Quote Originally Posted by Saass-Itch View Post
    depends on how bad negative days are, but we can do something like that off of the credit card sales. Hit us up at team@centraldiligencegroup.com
    The restaurant is grossing $150k per month - your going to fund 100% of gross sales on a credit card split?
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  6. #6
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    Quote Originally Posted by Yankeeman07 View Post
    The restaurant is grossing $150k per month - your going to fund 100% of gross sales on a credit card split?
    sometimes 125%

    Step it up bro

  7. #7
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    Quote Originally Posted by ryan $ View Post
    sometimes 125%

    Step it up bro

    The merchant is doing $150K in credit card sales ?
    I work cc splits ever day and no funder with a common sense will do 125%

    BTW -- bro - what are you 18 years old?
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  8. #8
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    We do deals like this on credit card split everyday. Will Need 6 most recent credit card statements through April as well as March and April business banks with all pages for soft offer.
    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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    All else fails KEEP MANTIS IN MIND ..as i have been told we are the "most" aggressive on making offers with negative days.
    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

  10. #10
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    Quote Originally Posted by mcaguru View Post
    All else fails KEEP MANTIS IN MIND ..as i have been told we are the "most" aggressive on making offers with negative days.
    You know? I have Marcus on ignore, but I can't help but looking at the thread to see how fast it took Marcus to troll.
    YOU DON'T DO FIRST POSITIONS MARCUS! And you'll never compete with Quikstone or CDG. Never. They also offer 12 points, speaking of double-digits.

  11. #11
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    Quote Originally Posted by abfunders View Post
    You know? I have Marcus on ignore, but I can't help but looking at the thread to see how fast it took Marcus to troll.
    YOU DON'T DO FIRST POSITIONS MARCUS! And you'll never compete with Quikstone or CDG. Never. They also offer 12 points, speaking of double-digits.
    Don't say NEVER... we got the network of brokers across the country in touch with all small merchants.... we can add any term program should we decide!
    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

  12. #12
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    This can be funded, sent you PM.

  13. #13
    yes i fund all high risk files submit to james@highfivefunding.com

  14. #14
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    Honestly Dave, Your scope of Knowledge is just off putting. You latch on to one product after another to spotlight and resell without ever really having a full grasp on the industry.

    It works for you, great, but you are by no means qualified to give advice or guide anyone - Please....just stop.

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