Can Any One Help With A Split CC Deal With Issues
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  1. #1

    Can Any One Help With A Split CC Deal With Issues

    I have a restaurant producing 23k per month in revenue with negative days and 19k avg. in credit card processing. Looking for a split fund cc deal. The owner has weak credit scores. January and Febraury were slower months due to the harsh vector winter storm where they are located in the North. They are currently back to normal. Currently has a balance with Simply of $7,500. Simply is not being responsive to the merchant.
    Feb 2019 - $15,534 In Processing Volume/$17,964 In Total Deposits/ Had 8 negative days and many overdraft charges
    Mar 2019 - $22,970 In Processing Volume/$28,207 In Total Deposits/ Had 7 negative days and many overdraft charges
    Apr 2019 - $20,438 In Processing Volume/$25,424 In Total Deposits/ Had 11 negative days and many overdraft charges
    The merchant has already generated $19,415 in total sales mtd.
    Looking for a max offer.
    No brokers.
    No collateral to pledge.

  2. #2
    Senior Member Reputation points: 84417
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    Quote Originally Posted by davis3003 View Post
    I have a restaurant producing 23k per month in revenue with negative days and 19k avg. in credit card processing. Looking for a split fund cc deal. The owner has weak credit scores. January and Febraury were slower months due to the harsh vector winter storm where they are located in the North. They are currently back to normal. Currently has a balance with Simply of $7,500. Simply is not being responsive to the merchant.
    Feb 2019 - $15,534 In Processing Volume/$17,964 In Total Deposits/ Had 8 negative days and many overdraft charges
    Mar 2019 - $22,970 In Processing Volume/$28,207 In Total Deposits/ Had 7 negative days and many overdraft charges
    Apr 2019 - $20,438 In Processing Volume/$25,424 In Total Deposits/ Had 11 negative days and many overdraft charges
    The merchant has already generated $19,415 in total sales mtd.
    Looking for a max offer.
    No brokers.
    No collateral to pledge.
    Credit Card split / Lock Box
    Pay Off Simply
    Flexible Daily Payments
    Net the Merchant Some Working Capital
    No UCC
    NO COJ
    No Personal Guarantee

    I work directly with a Private Funder (Not a Bank) - I'm assuming that makes me a broker
    Call me
    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

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