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05-19-2020, 05:02 PM #1
- Join Date
- Jul 2019
- Posts
- 48
Hi Michael, we are looking to see what the business did before the pandemic, then obviously we know that during the pandemic 90% of business have suffered and revenue decreased and we know that, so we are not fully taking the last few months into major consideration, hence why we want the MTD to see if the business is on the upswing and if it is we can make an offer. The prior months gives us a good feel on where the revenue can get (respectively) over time again, and what the business looked like in normal times. We are also making offers that can include an add on loan within 30-60 days if the business continues to increase its revenue. Feel free to reach out. I will always take a call. We can get creative, circumstance permitting with different merchants. My cell is 845-494-4898. Respectfully, Greg B.
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05-19-2020, 05:42 PM #2
- Join Date
- Jun 2015
- Posts
- 3,321
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05-19-2020, 06:12 PM #3
- Join Date
- Jul 2019
- Posts
- 48
Hi Michael. I cannot give an accurate answer as there are too many factors involved. For example what business type is it, how many years in business, merchants credit score, what position loan are they seeking, when they did the 100k per month did they have a lot of NSFs, were the average daily balances 15k or $1000? I have no idea on the contributing factors. Also, if they did 100k per month and dropped to zero for 2 months, since may is almost over, maybe we would like to see 30k in a MTD so we can see that for the month they reopened they have at least claimed 30% of there business back. If you want to call me to discuss the deal, feel free. If I know the deal is not in our wheelhouse, I will tell you directly over the phone as I have no interest in collecting paper we cannot fund. My cell is 845-494-4898.
As for who owns ByzFunder. The owner is Ilya Fridman.
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