Results 1 to 5 of 5
Hybrid View
-
05-01-2020, 01:40 PM #1
- Join Date
- Mar 2020
- Posts
- 5
Looking for a funder to one of my clients
A client with a successful Asian cousin is looking for funds. The problem is that the restaurant is on the east coast and providing only deliveries due to state restrictions. The Merchant had an avg of 60K in CC sales before the virus, his CC sales dropped to an avg 30K, he always used to work with CC split, he has another 10% to pay to the lender that he works with all those years, but the specific lender is out right now... Credit 650, he is also looking for a different types of products that can help him get funded.
-
05-01-2020, 02:09 PM #2
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,943
The amount of the balance?
Pay off existing balance and use the remaining on a credit card split / lock box.
2nd option, have the merchant increase his FICO near 700, then look at a SBA 7(a) working capital loan.
3rd option - does the merchant have equity in commercial real estate?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
-
05-01-2020, 02:20 PM #3John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
-
05-01-2020, 04:43 PM #4
- Join Date
- Jul 2015
- Location
- Tampa Florida
- Posts
- 498
We can take a look at this deal for you.
Submittal:
1.Signed application
2.Credit card processing portal username and password
3.February March April business bank statements
4.Payoff letter or balance screenshot for existing dealJason H l Sales & Business Development
Quikstone Capital Solutions l Tampa FL
Direct Line & Mobile 813-371-8233 l Fax 813-371-8233 l Text 727-492-8812
Jason.Hausle@quikstonecapital.com
www.quikstonecapital.com
Direct Lender Since 2005
-
03-18-2021, 01:39 PM #5
- Join Date
- Mar 2017
- Posts
- 3
Still looking for an option? Please call me to discuss as we might do it 310-562-9676
Similar Threads
-
Hedge funder or direct funder with guts i have a deal for about $500k
By Pbs in forum Merchant Cash AdvanceReplies: 7Last Post: 09-14-2016, 03:30 PM -
Direct Funder/ Syndicated Funder will work hard for deals!
By BoostAaron in forum PromotionsReplies: 0Last Post: 03-03-2016, 09:39 AM -
Need a Funder , real funder and fast..
By c4get in forum Deal BinReplies: 3Last Post: 06-28-2015, 03:29 PM -
Need a Funder , real funder and fast..
By c4get in forum Deal BinReplies: 3Last Post: 06-26-2015, 04:40 PM -
wanted : Funder , Direct real Funder -
By c4get in forum Deal BinReplies: 5Last Post: 06-20-2015, 12:16 PM