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  1. #1

    Restaurant in TX Avg. $100k per month 7month TIB

    I have a restaurant in Houston, TX primarily focusing on catering. They have been depositing $100k per month with average daily balances of $100k-$150k in the last 3 months.

    Business opened up on 11/2019 and the owner has 780 credit score.

    Any ideas on which lender will consider 7mo. TIB and provide good rates? Client doesn't mind a very short term as long as the rates are competitive.

    Thanks

  2. #2
    Hey team, we are looking to expand our ISO relations network and provide funding to more businesses than ever before. Please review the minimum requirements below and let me know if you have any questions. Thank you- Ian

    Minimum Requirements
    Positions- 1-3
    FICO: 550+
    Min. Monthly Gross Deposits: $35,000
    Time in Business: 1 Year
    Trucking Requirements: 7+ Trucks / $75,000 Gross Revenue / AR Report
    Construction: $75,000 AR Report
    Max Funding Amount: $1M
    Max Term: 10 Months
    Repayment Options: Daily and Weekly Options Available

    Restricted Industries
    Auto Sales
    Non Profit
    Cannabis
    Lawyers
    203-705-8764

  3. #3
    Senior Member Reputation points: 117
    Join Date
    Apr 2017
    Posts
    127

    Quote Originally Posted by sergio450 View Post
    I have a restaurant in Houston, TX primarily focusing on catering. They have been depositing $100k per month with average daily balances of $100k-$150k in the last 3 months.

    Business opened up on 11/2019 and the owner has 780 credit score.

    Any ideas on which lender will consider 7mo. TIB and provide good rates? Client doesn't mind a very short term as long as the rates are competitive.

    Thanks
    Hey BesCap can fund this for you. Please send app and statements to Deals@BesCapFinancial.com

  4. #4
    Senior Member Reputation points: 81655
    Join Date
    Mar 2014
    Location
    Florida
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    2,854

    Lightbulb

    Quote Originally Posted by sergio450 View Post
    I have a restaurant in Houston, TX primarily focusing on catering. They have been depositing $100k per month with average daily balances of $100k-$150k in the last 3 months.

    Business opened up on 11/2019 and the owner has 780 credit score.

    Any ideas on which lender will consider 7mo. TIB and provide good rates? Client doesn't mind a very short term as long as the rates are competitive.

    Thanks
    Credit Card Split may be a possibility
    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

  5. #5
    Send to info@greenlitecapital.com

    Last 4 months Bank
    MTD
    Collateral list if any....

  6. #6
    Senior Member Reputation points: 8447
    Join Date
    Jul 2015
    Location
    Tampa Florida
    Posts
    488

    We can take a look if credit card sales are strong.
    Jason 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

  7. #7
    Senior Member Reputation points: 4118
    Join Date
    Jan 2020
    Location
    Brooklyn, New York
    Posts
    122

    Buy rates starting at a 1.25, weekly payments available here. Restaurants are our strong suit and will compete aggresively. Send over an email and lets see how we can get this done by tomorrow morning.
    Clark Sica
    Business Development Manager
    Lending Valley, Inc.
    Office Line: 347-478-5161
    Mobile Line:347-536-0528
    Fax: 1-888-850-1971
    www.LendingValley.com

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