Restaurant deal
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  1. #1
    Senior Member Reputation points: 23750
    Join Date
    Aug 2014
    Posts
    194

    Restaurant deal

    Any funders that can do the following:

    Restaurant avg monthly rev Approx $110k (approx 75% cc sales)
    No NSF issues, strong daily balances

    Currently has two positions with A paper funders with weekly payments. Balances $70k + $40k

    Anyone that can consolidate and let merchant net some. Ideally looking for $150k - $200k with 12 - 18 month term. Paying off $110k balances and netting remaining.

    Merchant credit 650 +

    Let me know, thanks

  2. #2
    Senior Member Reputation points: 227882
    Join Date
    Feb 2017
    Posts
    3,431

    Snap would do more than the monthly gross at 18 months, but they'll need like net 50%.

    Unless the client's credit is 700+, or if the business credit is fantastic, or there is real estate, there aren't any options for MCAs.

  3. #3
    Senior Member Reputation points: 6544
    Join Date
    Dec 2018
    Location
    48 Wall St. New York, NY 10005
    Posts
    271

    I believe you will be hard pressed to find someone in the mca world to consolidate both of these positions with $110k gross rev. Would the merchant consider buying out one of the positions? If so, reach out and we can discuss the deal further.

    Jeff Pecori
    ISO Relations manager
    VitalCap Fund
    48 Wall St. New York, NY 10005
    P. 850.630.7509
    F. 646.219.7949
    jeff@vitalcapfund.com

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