Results 1 to 7 of 7
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12-16-2020, 01:14 PM #1
- Join Date
- Jan 2019
- Posts
- 13
New business
I have a merchant who has started there business in September. So first month the numbers are 0 but October they did 31k and November did 53.
I have a 11k offer over 80 days. Need to beat. LMK ASAP. All my lenders I deal with will kill it for TIB.
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12-16-2020, 01:35 PM #2
Cresthill, Elevate, Everest/Vader, Fundry, LoanMe, Quikstone, The LCF Group
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12-16-2020, 02:52 PM #3
- Join Date
- Jul 2015
- Location
- Tampa Florida
- Posts
- 503
Thanks NCD. We can consider new businesses that are open 3months +. Credit card splits exclusively.
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
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12-16-2020, 03:03 PM #4
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12-16-2020, 03:32 PM #5
- Join Date
- Feb 2019
- Posts
- 124
seems like they are picking up steam quickly. If they have an ar aging report i would 100% get that and see if your current offer can get bumped if its strong enough. When I see new businesses that are doing revenue like that I always check sos to see if they have another more established business as well. Does not seem like a newbie business owner
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12-17-2020, 05:18 PM #6
- Join Date
- Jul 2015
- Location
- Tampa Florida
- Posts
- 503
Our minimum funding amount is $5,000, to qualify for that the merchant must be averaging $6,500 + each month in credit cards. With a new business we take ramping up time into consideration. We are used to seeing situations where 1st month might only be $3,000 but then they ramp up 2nd month $7,000 and then 3rd month $15,000....
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
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12-22-2020, 08:29 AM #7
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