Cleaning/Janitorial Service: Looking to consolidate 1st position
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  1. #1

    Cleaning/Janitorial Service: Looking to consolidate 1st position

    Merchant was funded on Jan 11th for $45,000/140 days (bal is $56k), and is looking to consolidate this balance into a longer term.

    TIB: 2016, 1 owner, FICO: 570, No BKs or Liens, Mo Revenue: $70k

    Please DM.

  2. #2
    I think that sub 600 credit score is going to limit how long of a term you get with any lender/funder.

    I would go out 8 months longest on this one.
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  3. #3
    Senior Member Reputation points: 81657
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    Quote Originally Posted by Monarch View Post
    Merchant was funded on Jan 11th for $45,000/140 days (bal is $56k), and is looking to consolidate this balance into a longer term.

    TIB: 2016, 1 owner, FICO: 570, No BKs or Liens, Mo Revenue: $70k

    Please DM.

    Consolidate 1 Position ? How does that occur? Plus he just was funded less than 30 days ago?
    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
    Does the borrower have any AR? Typically cleaning services have good AR, happy to get this done in 2-3 days and clean up MCA debt without factoring.

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