Appliance store 2nd position looking for home
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  1. #1
    Banned Reputation points: 353
    Join Date
    Nov 2019
    Posts
    53

    Appliance store 2nd position looking for home

    30k monthly revenue mostly in cc sales

    has 2 positions

    #1 owes 58k
    #2 owes 13k

    only wants to buy 1 out and get a second

    Has 14 neg days in Dec BUT HAS OVERDRAFT PROTECTION HASN'T MISSED ANY PAYMENTS

    Sole prop in texas

  2. #2
    Senior Member Reputation points: 503040
    Join Date
    Oct 2016
    Posts
    4,319

    $30K in monthly revenue with $71K in MCA balances.

  3. #3
    Senior Member Reputation points: 54977
    Join Date
    Dec 2013
    Posts
    4,713

    ISO's Claim Mantis is one of the strongest with High # of NSF's
    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

  4. #4
    Pm'd you!
    Emily Clow
    Partner Manager
    (214) 208-5390
    emily@getbackd.com
    www.getbackd.com

  5. #5
    Senior Member Reputation points: 4457
    Join Date
    Feb 2014
    Location
    Florida
    Posts
    256

    Are either of the paybacks on a split, or are they both daily's? If split is available, you can try and see if someone would be able to fund a 3rd position on an MCA split (direct or lock box). This would make more sense too, due to high NSF activity. But, this would cause more cash flow stress...works better if the $13K can get paid off from this. It's possible.. gotten a few of these done in the past. QuikStone is out, since they are 1st position funders only.. however this might work at Simply. Good luck!
    Shannon Harris
    Funding Specialist
    888-705-8818 phone
    239-790-2664 fax
    Shannon@StellarBusinessFunding.com
    www.stellarbusinessfunding.com

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