California Restaurant Funded $700,000 by Yellowstone Capital

**CO1** · 04-03-2013, 05:35 PM

So I was on Sean Murray's website for (http://www.merchantprocessingresource.com/) the head line reads "California Restaurant Funded $700,000 by Yellowstone Capital" !! Ok; I have been in this Industry for about 3 years and I have been with 3 different companies from a Direct Funder to a broker to a Direct-Funder/Broker and I did work on a deal while at Capital Stack for 300k but it died and I have never ever funded anything that high in my career in this industry so I wanted to do know where the hell are these deals coming from?! I have done it all Cold call, Predictive Dialer, Press 1, Lendio, Social Media, dont get me wrong I congradulate Yellowstone and lets not forget Rapids 1. something million deal. So now is there like something wrong I am doing or what?!

**HeatherF** · 04-04-2013, 10:37 AM

If you read in the article it didn't start out as a 700K... It was 75K then 125K and then the $500K came along but from what the article stated and what Yellowstone has stated it was $500K for expansion so my guess would be that they are funding off his growth potential with the new locations and expansion.

**Scott Williams** · 04-04-2013, 10:58 AM

I wouldn't worry about funding one deal for 700k. There are very few of those types of deals getting funded each month. I would focus on funding 10 deals for 70k each and then you are making the same amount of money.

**CO1** · 04-04-2013, 11:16 AM

I am aware of what the article states Heather. My point was that I just dont understand where those types of accounts come from. And scott this is true on what you said, Thanks.

**Finance1** · 04-04-2013, 11:23 AM

The $4M SFS "Mob Experience" deal is a good story. I think they recovered about $160k before the legal disaster. lol. I'm not even sure what happened after the court battle ensued.

Good read:

http://www.vegasinc.com/news/2011/se...mob-experienc/

**CO1** · 04-04-2013, 11:31 AM

Ah yes! I remember this story! It was a story i heard about before I entered into the Industry from a friend that was in the Industry already which struck a curiosity in me which lead me into it after 3 years im still here.

**Capital Stack** · 04-04-2013, 11:37 AM

Heather actually reads

Originally Posted by HeatherF

If you read in the article it didn't start out as a 700K... It was 75K then 125K and then the $500K came along but from what the article stated and what Yellowstone has stated it was $500K for expansion so my guess would be that they are funding off his growth potential with the new locations and expansion.

**skideeppow** · 04-04-2013, 12:01 PM

I did a 1.2 million $ advance for a retail company, fully paid back and it got no press. Maybe I should have been promoting that and tooting my horn.
What you think?

**Capital Stack** · 04-04-2013, 12:14 PM

if your trying to build your brand.

Originally Posted by skideeppow

I did a 1.2 million $ advance for a retail company, fully paid back and it got no press. Maybe I should have been promoting that and tooting my horn.
What you think?

**HeatherF** · 04-04-2013, 12:17 PM

I was just stating that the 700K is not reflective of the merchants actual size... not that you didn't read it.

**HeatherF** · 04-04-2013, 12:24 PM

Originally Posted by Capital Stack

Heather actually reads

I got a couple lines in before my ADHD kicked in.

**CO1** · 04-04-2013, 03:59 PM

1.2 Million ey. Congrats man. Whats your secret? Lol.

**isaacdstern** · 04-05-2013, 06:43 PM

Funding these large deals is no easy task...it's important to partner up on these large deals with a funding company you trust. We brought this specific deal to Strategic Funding....the CEO and CFO actually flew out an met the owners personally. I think in this case it gave everyone a certain comfort level which you need when you are giving a merchant this much money at one time.

**isaacdstern** · 04-05-2013, 06:44 PM

Sfs once again showed us why they are a true partner!!

**CO1** · 04-08-2013, 12:50 PM

It might not be easy to anyone to give out that much money uncolleteralized but these specific deals seem to pop up a lot but not to frequenct..

**isaacdstern** · 04-09-2013, 06:29 AM

A lot of the merchants applying these days have higher fico scores and extremely strong financials....I guess banks are still not lending!!

**CO1** · 04-09-2013, 11:59 AM

Because the cats out the bag! Merchants understand that its Banks that are behind this again. I had a merchant ask me "Which Bank do i work with?" & I replyed no bank and they did not believe it, So maybe this will be the Industry standard like the processor companies saying they are wells fargo which i witnessed many times.

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