Results 1 to 7 of 7
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12-17-2019, 12:36 PM #1
- Join Date
- Apr 2017
- Posts
- 127
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!
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12-17-2019, 12:38 PM #2
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%
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12-17-2019, 12:50 PM #3
- Join Date
- Jun 2015
- Posts
- 3,322
you need to find someone that will do a split
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12-17-2019, 01:09 PM #4
- Join Date
- Nov 2019
- Posts
- 11
PM me, I can get this done
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12-30-2019, 01:41 PM #5
- Join Date
- Dec 2019
- Posts
- 158
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
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11-13-2023, 09:26 PM #6
- Join Date
- Dec 2021
- Posts
- 41
Negatives already and it will get worse with a bigger payment..lenders know this
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11-14-2023, 04:32 AM #7
- Join Date
- Aug 2018
- Posts
- 789
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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