Restaurant needs 150k 2nd
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  1. #1
    Senior Member Reputation points: 203690
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    Restaurant needs 150k 2nd

    banks show numerous nsf's so ach deal is out of the question. He does have a 1st position with balance of 85k weekly payment. Does about 200k via credit cards. Who can give decent 2nd position deal via credit cards? does about 250k a month in revenue. credit scare sucks in the mid 5's

  2. #2
    Senior Member Reputation points: 6957 ESE5020's Avatar
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    Quote Originally Posted by Sachip24 View Post
    banks show numerous nsf's so ach deal is out of the question. He does have a 1st position with balance of 85k weekly payment. Does about 200k via credit cards. Who can give decent 2nd position deal via credit cards? does about 250k a month in revenue. credit scare sucks in the mid 5's
    Credit score wont deter us, who does he do CC processing with ? if its integrity we can offer a CC split, or may be able to offer a second position weekly.
    East Shore Equities, LLC
    Tel: (516) 784-4298 | Fax: (516) 231-5590
    www.EastShoreEquities.com

  3. #3
    Veteran Reputation points: 135672 Chambo's Avatar
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    Quote Originally Posted by Sachip24 View Post
    banks show numerous nsf's so ach deal is out of the question. He does have a 1st position with balance of 85k weekly payment. Does about 200k via credit cards. Who can give decent 2nd position deal via credit cards? does about 250k a month in revenue. credit scare sucks in the mid 5's
    does 250K per month in TOTAL REVENUE....has an 85K balance.....and asking for another $150K? Everything they make will go to paying off cash advances.

  4. #4
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    We can review for a split deal if the merchant is processing with Integrity or willing to change to them.

    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

  5. #5
    So this is how Premium Merchant Funding "shops" for their deals? SMH.....not a good look.

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