Restaurant 150k/mo 7+ negatives per month 80k balance
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  1. #1
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    Restaurant 150k/mo 7+ negatives per month 80k balance

    We have a restaurant that we have funded in the past three times with BFS. They recently have been going negative over 7 times per month and BFS will not renew them again.

    Ideally they want around $150k and to pay off their 80K balance. Worst case they may take a 2nd if it's their only option.

    We've been getting declines everywhere we sent them.

    Gross sales are $150k+ per month.

    If anyone who is a direct lender and is okay with that many negatives each month, please reply or DM. Thanks!

  2. #2
    Veteran Reputation points: 135672 Chambo's Avatar
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    If BFS won't renew, sounds like a second is going to be best, if not only, option.

    Any other top tier fund will notice that and decline. Plus, Raid is the only Top Tier fund I know that'll buy out/renew under 50%

  3. #3
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    you need to find someone that will do a split

  4. #4
    PM me, I can get this done

  5. #5
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    I would gladly take a look at this file and similar files for you.
    Thank you,

    Joseph Vaknen
    Business Development
    SuperFastCap


    Direct: (646) 546-3866 (Text or Call)
    E-mail: Joe@superfastcap.com
    www.superfastcap.com

  6. #6
    Negatives already and it will get worse with a bigger payment..lenders know this

  7. #7
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    Quote Originally Posted by Red View Post
    We have a restaurant that we have funded in the past three times with BFS. They recently have been going negative over 7 times per month and BFS will not renew them again.

    Ideally they want around $150k and to pay off their 80K balance. Worst case they may take a 2nd if it's their only option.

    We've been getting declines everywhere we sent them.

    Gross sales are $150k+ per month.

    If anyone who is a direct lender and is okay with that many negatives each month, please reply or DM. Thanks!
    Quikstone, net % isn't high but try em they do 1st cc splits only.

    Principis (smart step funding now) and rapid finance do cc splits as 1sts and have net splits lower then 50%.

    For 2nds try inadvance, Simply funding if they still do cc splits, and Legend funding too if they still do cc splits.

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