Restaurant $200K/month $90k BFS balance needs second position
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  1. #1
    Senior Member Reputation points: 117
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    Restaurant $200K/month $90k BFS balance needs second position

    DIRECT LENDERS ONLY!!!!!!!

    This restaurant deposits $200k monthly. Their balance is around $90k with BFS. They are seeking a second position for $150k+

    Please DM or respond if this is a deal you can fund.

    Thank you!

  2. #2
    We can take a look at it. Email all the information to emily@getbackd.com
    Emily Clow
    Partner Manager
    (214) 208-5390
    emily@getbackd.com
    www.getbackd.com

  3. #3
    Senior Member Reputation points: 84416
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    A new 1st that is a Term Loan ( 3 years) without pre-pay penalty and then for long term funding an SBA 7A Loan
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  4. #4
    Red,


    The Smarter Merchant loves restaurants. If they fall in the following box then we should connect:

    PREMIUM- 3-10 MONTHS - 1.15 - 1.25 BUYRATES - UPSELL TO 15 POINTS - BUYOUT INTO 1st POSITION -1st AND 2nd POSITIONS- DAILY/WEEKLY OPTIONS - 675 FICO - 30k MINIMUM MONTHLY SALES - UP TO 2 DAYS NEGATIVE - 30 MONTHS MINIMUM TIME IN BUSINESS

    STANDARD- 3-9 MONTHS - 1.21 - 1.32 BUY RATES - UPSELL TO 12 POINTS - BUYOUT INTO 1st AND 2nd POSITION - 1st - 3rd POSITION FUNDING - DAILY/WEEKLY OPTIONS- 550 FICO - 10k MINIMUM MONTHLY SALES - UP TO 5 DAYS NEGATIVE - 12 MONTHS MINIMUM TIME IN BUSINESS

    John Galante
    The Smarter Merchant
    ISO Relations
    Johng@thesmartermerchant.com
    C: 347-377-1273
    P: 888-262-7171
    F: *646-219-2731
    www.thesmartermerchant.com


    Visit The Smarter Merchant's Facebook page: https://www.facebook.com/groups/thesmartermerchant/
    Last edited by thesmartermerchant2020; 02-28-2020 at 01:11 PM.

  5. #5
    Sponsor Reputation points: 9187 DannyFoxCap's Avatar
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    Miami, FL
    Posts
    147

    This sounds like a perfect file for Fox. Reach out to go over the deal.
    Direct: 347-468-7528
    Cell: 305-753-3967
    Fax: 866-557-0455
    Email: Danny@foxbusinessfunding.com

  6. #6
    Senior Member Reputation points: 503040
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    Quote Originally Posted by Red View Post
    DIRECT LENDERS ONLY!!!!!!!

    This restaurant deposits $200k monthly. Their balance is around $90k with BFS. They are seeking a second position for $150k+

    Please DM or respond if this is a deal you can fund.

    Thank you!
    You aren’t getting a $150,000 second on that.

  7. #7
    Senior Member Reputation points: 54989
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    Mantis -- Can go from offer to fund in 2-3 hours!
    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

  8. #8
    Senior Member Reputation points: 6544
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    Location
    48 Wall St. New York, NY 10005
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    Hello Red, 2nd's and 3rd's is our sweet spot. Reach out if you'd like to discuss the file further or get signed up to submit the deal if not already.

    Jeff Pecori • VP of ISO Relations
    VitalCap Fund | 48 Wall St. | New York, NY 10005
    P. 850.630.7509 | F. 646.219.7949 | jeff@vitalcapfund.com

  9. #9
    Senior Member Reputation points: 676
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    We offer strong 2nd positions.

    Email submissions@pdmcapital.com
    PDM Capital
    39 Broadway
    New York, NY 10006
    646-876-1055

  10. #10
    Senior Member Reputation points: 3706
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    We can help you get this one funded.
    Paul Boxer
    Merchant Marketplace

    Chief Operating Officer
    Chief Revenue Officer

    Cell: (516) 805-9209
    paul@merchantmarketplace.com
    www.merchantmarketplace.com

  11. #11
    Senior Member Reputation points: 117
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    Quote Originally Posted by WestCoastFunding View Post
    You aren稚 getting a $150,000 second on that.
    Obviously. I never said they're getting approved for that. That's what the client asked for. Clearly we are having trouble getting them approved that's why we posted the deal on here. If you're interested in the deal then what's the best you can do?

  12. #12
    Senior Member Reputation points: 503040
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    Quote Originally Posted by Red View Post
    Obviously. I never said they're getting approved for that. That's what the client asked for. Clearly we are having trouble getting them approved that's why we posted the deal on here. If you're interested in the deal then what's the best you can do?
    If you are going to look solely in the MCA space, I’d probably look to 1st merchant, principis or Libertas first. Then maybe one of those B types like EBF, Knight, Fundworks, etc.

  13. #13
    Senior Member Reputation points: 26419
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    Quote Originally Posted by clowdnine View Post
    We can take a look at it. Email all the information to emily@getbackd.com
    your company is get backd(oored) ? interesting name

  14. #14
    Quote Originally Posted by showtime44 View Post
    your company is get backd(oored) ? interesting name
    Ha ha!
    Emily Clow
    Partner Manager
    (214) 208-5390
    emily@getbackd.com
    www.getbackd.com

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