Low Volume High Deposit Deal
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  1. #1
    Senior Member Reputation points: 752
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    Apr 2014
    Location
    Chicago, IL
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    Low Volume High Deposit Deal

    I have a LA based marketing firm that does an average of $120K per month between 5-6 transactions.
    No NSFs. ADBs average $3K range with lowest ones reaching $300 and highest at $56K.

    Credit score is in the 650s.

    Has a first for $21K that he'd like consolidated into a longer term advance.

    Best offer I have for him so far is at $45K with a 6.5 mo payback at 1.45. Not exactly a homerun.

    Any other direct lenders out there who consider this type of transaction? I feel like the low volume on deposits puts him in subprime category in standard u/w guidelines almost immediately.

  2. #2
    Banned Reputation points: 179851
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    Jun 2017
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    2,049

    Quickbridge I know doesnt mind low deposit count.

  3. #3
    Senior Member Reputation points: 6544
    Join Date
    Dec 2018
    Location
    48 Wall St. New York, NY 10005
    Posts
    271

    Hello Adeel, we could be a player on this file. Reach out if you'd like to submit or discuss it further.

    Jeff Pecori
    ISO Relations manager
    VitalCap Fund
    48 Wall St. New York, NY 10005
    P. 850.630.7509
    F. 646.219.7949
    jeff@vitalcapfund.com

  4. #4
    Senior Member Reputation points: 54977
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    Dec 2013
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    4,713

    Seems like Mantis ... we are one of the best in low # of monthly deposits and perhaps BEST at high NSF's #
    Last edited by mcaguru; 11-13-2019 at 01:32 PM.
    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

  5. #5
    Senior Member Reputation points: 3366 Accord Business Funding's Avatar
    Join Date
    Feb 2016
    Location
    Houston, Texas
    Posts
    152

    Hi Adeel,

    Have you sent it over to Accord? We require a min of 3 deposits per month as long as they're relative in size. You guys are already signed up with us (2016). Shoot me an email and we'll see what we can do.
    Kevin Dinh

    3131 Eastside Street, Suite 350
    Houston, TX 77098
    P: 713-322-9743
    Email: kdinh@accordbf.com
    Web: https://go.accordbf.com/DF-Partners/

  6. #6
    Senior Member Reputation points: 14746
    Join Date
    Sep 2019
    Posts
    109

    Any A/R ? If so check out Oarex

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