Results 1 to 10 of 10
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08-27-2019, 12:30 PM #1
- Join Date
- Feb 2017
- Posts
- 13
Tricky Deal - Need Help
I have a charter company operating year round.
They book through paypal online and transfer the paypal to the bank account 1 to 2 times per month ( so low deposit count)
Great credit, Great TIB, Good Ledgers.
The client is fully booked for the next 18 months and can show this also can show paypal transactions to show its not one big transaction.
Where would you go with this?
Marcus, No need to self promote on this one
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08-27-2019, 12:31 PM #2
- Join Date
- Mar 2016
- Posts
- 908
OnDeck possibly, but idk their guidelines on deposit count per month - Is PayPal already debiting the account?
Thank you,
Lior Monus
Business Development Manager
CFG Merchant Solutions
Direct: (646) 880-6764
Cell: (516) 319-5826
Fax: (646) 278-7322
Lmonus@cfgms.com
180 Maiden Lane New York, NY 10038
www.cfgmerchantsolutions.com
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08-27-2019, 12:33 PM #3
- Join Date
- Feb 2017
- Posts
- 3,450
QuickBridge, LoanMe, maybe even Bluevine?
The other tricky part will be that PayPal definitely has a loan out with this guy, and is probably in first UCC position
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08-27-2019, 12:52 PM #4
- Join Date
- Feb 2017
- Posts
- 13
Pay pal has NO loans out against this business. No debits from paypal either
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08-27-2019, 01:03 PM #5
- Join Date
- Feb 2017
- Posts
- 3,450
Oh, if it's great credit, then why can't he go to a bank himself? Or why not offer him 0 APR business cards?
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08-27-2019, 01:03 PM #6
- Join Date
- Feb 2017
- Posts
- 13
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08-27-2019, 01:03 PM #7
- Join Date
- Feb 2017
- Posts
- 13
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08-27-2019, 01:04 PM #8
- Join Date
- Feb 2017
- Posts
- 3,450
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08-27-2019, 02:40 PM #9
- Join Date
- Dec 2013
- Posts
- 4,713
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
覧覧覧覧覧覧覧覧覧覧覧覧覧
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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08-27-2019, 05:25 PM #10
- Join Date
- Dec 2016
- Posts
- 37
Might want to try The Business Backer with this one. They will work with 1-2 deposits a month. Being able to show multiple transactions through PayPal would only be a plus. A solid credit profile would be able to lock in a low buy rate enabling you to work in higher commissions. Might be able to get a low 1.30's funding with 12-15 points built in.
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