Tricky Deal - Need Help

**AlwaysFunding** · 08-27-2019, 12:30 PM

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

**Lmonus** · 08-27-2019, 12:31 PM

OnDeck possibly, but idk their guidelines on deposit count per month - Is PayPal already debiting the account?

**abfunders** · 08-27-2019, 12:33 PM

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

**AlwaysFunding** · 08-27-2019, 12:52 PM

Pay pal has NO loans out against this business. No debits from paypal either

**abfunders** · 08-27-2019, 01:03 PM

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?

**AlwaysFunding** · 08-27-2019, 01:03 PM

Originally Posted by Lmonus

OnDeck possibly, but idk their guidelines on deposit count per month - Is PayPal already debiting the account?

no paypal does not have a loan out

**AlwaysFunding** · 08-27-2019, 01:03 PM

Originally Posted by abfunders

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?

I mean he probably can, but that doesn't feed my kids soooo....

**abfunders** · 08-27-2019, 01:04 PM

Originally Posted by AlwaysFunding

I mean he probably can, but that doesn't feed my kids soooo....

You can feed your kids by having the right partners who can take him to the bank. Email me, I'll introduce you to someone.

**mcaguru** · 08-27-2019, 02:40 PM

**Alpha** · 08-27-2019, 05:25 PM

Originally Posted by AlwaysFunding

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

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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