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06-12-2019, 11:09 PM #1
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
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06-13-2019, 09:11 AM #2
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.
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06-13-2019, 10:02 AM #3
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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