Restaurant deal with good credit looking for large amount
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  1. 07-18-2019, 02:27 PM #1
    Amiran5
    Amiran5 is offline
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    Restaurant deal with good credit looking for large amount

    Hey guys,

    There are 2 owners, both with credit in high 6s to low 7s.

    They do about $45k a month and have a $65k balance with a weekly payment.

    The merchant is looking for $125k to pay off their balance and looking for a monthly payment.

    They qualify for Loanme, but the rate is way too expensive for them.

    They have a house but it would only qualify for $50k with WBL, so looking for some alternative options.

    If there is an option that would help, please let me know!
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  2. 07-18-2019, 02:56 PM #2
    FinancialSwissArmyKnife
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    How much equity do they have in the house?
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  3. 07-18-2019, 03:23 PM #3
    Amiran5
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    Quote Originally Posted by FinancialSwissArmyKnife View Post
    How much equity do they have in the house?
    It is worth around $330k and owes about $230k
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  4. 07-18-2019, 03:41 PM #4
    MoneyMatchMaker
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    www.arffinancial.com

    American Restaurant Financial might be worth a shot
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  5. 07-18-2019, 03:46 PM #5
    WestCoastFunding
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    Quote Originally Posted by MoneyMatchMaker View Post
    www.arffinancial.com

    American Restaurant Financial might be worth a shot
    ARF is great, but they aren’t doing this.
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  6. 07-18-2019, 03:57 PM #6
    Kevin Henry-Seacoast
    Kevin Henry-Seacoast is offline
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    Quote Originally Posted by WestCoastFunding View Post
    ARF is great, but they aren’t doing this.
    Arf...I thought you said Alf....
    Kevin Henry
    VP-Business Development
    Seacoast Business Funding, a division of Seacoast Bank
    561-850-9346
    Kevin.Henry@SeacoastBF.com
    1880 N Congress Ave., Suite 404
    Boynton Beach, FL 33426
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  7. 07-22-2019, 01:05 PM #7
    moneygreen
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    Quote Originally Posted by MoneyMatchMaker View Post
    www.arffinancial.com

    American Restaurant Financial might be worth a shot
    what exactly do they offer? Site says they are a funder but their product description is very generic
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  8. 07-22-2019, 01:29 PM #8
    WestCoastFunding
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    Quote Originally Posted by moneygreen View Post
    what exactly do they offer? Site says they are a funder but their product description is very generic
    Merchant advances. They compete with other A funders.
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  9. 07-24-2019, 03:44 PM #9
    skideeppow
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    Quote Originally Posted by WestCoastFunding View Post
    ARF is great, but they aren’t doing this.
    arf is no longer paying full commissions. You refer the deal, and they try and get it done and pay you 2-3 points.

    I wouldnt submit anything to them anymore.
    I put my contact info in here, and
    was bombarded with spam from funders
    if you need to reach me PM me
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