Results 1 to 6 of 6
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11-13-2019, 09:30 AM #1
- Join Date
- Apr 2014
- Location
- Chicago, IL
- Posts
- 185
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.
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11-13-2019, 10:26 AM #2
- Join Date
- Jun 2017
- Posts
- 2,049
Quickbridge I know doesnt mind low deposit count.
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11-13-2019, 10:54 AM #3
- 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
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11-13-2019, 01:19 PM #4
- Join Date
- Dec 2013
- Posts
- 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
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11-13-2019, 01:31 PM #5
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/
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11-13-2019, 03:27 PM #6
- Join Date
- Sep 2019
- Posts
- 109
Any A/R ? If so check out Oarex
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