[Kevin G]

So I receive documents/statements all the time however I would like to know how to decide which statements are worth submitting.
I have received declines with merchants making 30K a month with ending balances ranging 14-17K.
I understand the industry has a lot to do with the decision also, however what is the format as far as knowing what to expect?

[JohnT.]

Most funders will look at daily ending balances and see if they are cashflow positive vs negative and bouncing payments. If you see a lot of returned checks / items and / or neg daily balances thats usually a dead give away what to do with it. Now, assuming they accept CC's there are a different tier of funders that will do a cc split on high neg day merchants.

Also, if they have multiple positions that is eating up 15k in debt service on their 30k revs that would also likely get a decline or a high risk / short term offer assuming positive daily balances.

Hope that helps...

[Kevin G]

Very helpful, and thank you.
Is there a percentage of loan debt that's pretty much a red flag?

[Michael I]

Very helpful, and thank you.
Is there a percentage of loan debt that's pretty much a red flag?

the stackers will go as high as putting the daily to 25-40% of monthly gross

[JohnT.]

the stackers will go as high as putting the daily to 25-40% of monthly gross

Facts

[Kevin G]

Got it