[Amiran5]

Hey guys,

I have a merchant in MA that owns a window siding company, and the bank statements show $240k for this year with months that have 1 - 3 deposits. Other months are 4 - 6

He has no cash advances out currently and credit mid 6s.

He has 3 pieces of land, but not enough equity for a WBL deal.

Let me know what you guys think here

[Chambo]

most (legitimate) places will do a seasonal business if you provide 12 months of banks. The issue is, are we going INTO slow season, or coming OUT OF slow season?

Gotta admit, Business Backer has been oneof the most flexible companies out there with these types. They will fluctuate the daily payment in accordance with the season

[Amiran5]

most (legitimate) places will do a seasonal business if you provide 12 months of banks. The issue is, are we going INTO slow season, or coming OUT OF slow season?

Gotta admit, Business Backer has been oneof the most flexible companies out there with these types. They will fluctuate the daily payment in accordance with the season

Thanks. He is going into his season, and I do have 12 months of statements. The problem I am seeing is that some months, he is really low.. Like one month was 1 deposit $350, another was 1 deposit $9,000

I did reach out to business backer for a partnership, so hopefully they can help.

[Jamesf]

Hey guys,

I have a merchant in MA that owns a window siding company, and the bank statements show $240k for this year with months that have 1 - 3 deposits. Other months are 4 - 6

He has no cash advances out currently and credit mid 6s.

He has 3 pieces of land, but not enough equity for a WBL deal.

Let me know what you guys think here

What does he want and what are the properties?

[Chambo]

Thanks. He is going into his season, and I do have 12 months of statements. The problem I am seeing is that some months, he is really low.. Like one month was 1 deposit $350, another was 1 deposit $9,000

I did reach out to business backer for a partnership, so hopefully they can help.

TBB has gotten pretty full of themselves...won't sign up new ISOs who cannot commit to $1 million a month....

You might also try LG FUNDING. they do a % of deposits deal as well.

[Amiran5]

What does he want and what are the properties?

He is looking for like $70k

He said he has 3 pieces of land where 2 are being built on -

1 is worth $650k and he owes $350k
1 is worth $210k and he owes $110k
1 is worth $150k and he owes $40k

[RichardGerard]

Hey guys,

I have a merchant in MA that owns a window siding company, and the bank statements show $240k for this year with months that have 1 - 3 deposits. Other months are 4 - 6

He has no cash advances out currently and credit mid 6s.

He has 3 pieces of land, but not enough equity for a WBL deal.

Let me know what you guys think here

Amiran5,

Is the client profitable? If yes- there are bank options available to help. The 20k per month is not representative of the loan size--the amount of Debt Service Coverage available will be the driver. We mentioned it last week- client with 75k per month received a 350k LOAN- plus a line of credit- based on guarantor credit and earnings.

Client might be eligible for up to 150k. He's also in the Northeast and one of our Main Banking relationships will give us approvals within 48 hours of a full submission (2 years Corp and Personal returns, Debt Schedule, YTD PL and Balance, and Application).

Our Partnership Director, Jared Lagemann, can be emailed at jared@bccusa.com, or call our office at 631-880-7501.

Richard Gusmano, CEO & Founder
Business Capital Consultants USA
3237 Route 112 Suite 9
Medford, NY 11763

Richard@bccusa.com

[BillionzandBillionz]

Amiran5,

Is the client profitable? If yes- there are bank options available to help. The 20k per month is not representative of the loan size--the amount of Debt Service Coverage available will be the driver. We mentioned it last week- client with 75k per month received a 350k LOAN- plus a line of credit- based on guarantor credit and earnings.

Client might be eligible for up to 150k. He's also in the Northeast and one of our Main Banking relationships will give us approvals within 48 hours of a full submission (2 years Corp and Personal returns, Debt Schedule, YTD PL and Balance, and Application).

Our Partnership Director, Jared Lagemann, can be emailed at jared@bccusa.com, or call our office at 631-880-7501.

Richard Gusmano, CEO & Founder
Business Capital Consultants USA
3237 Route 112 Suite 9
Medford, NY 11763

Richard@bccusa.com

big time broker here, a bunch of hot air, but didn't actually say ANYTHING AT-ALL after all this nonsense.

sounds like you send him your file and you wont get any straight answers at all.

[mcaguru]

MAntis