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02-11-2021, 04:03 PM #1
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- Sep 2015
- Posts
- 122
Ownership Change Deal
Hi guys, I have a merchant who took over a gas station convenience store in November 2020 that was in operation since 1/2016. The entity was changed in November but nothing else in the business. The deposits going in are only from the convenience store and not gas proceeds.
Merchant has done about $80k/month in deposits almost half of which is credit card revenue, is there anybody that can give us an offer that is decent (not a 3 month 1.49)? Balances are solid, no negative days. Please dm me if you can help, no brokers. Thank youLast edited by SCCNY; 02-11-2021 at 04:06 PM. Reason: added information
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02-11-2021, 09:26 PM #2
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- Mar 2014
- Location
- Florida
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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
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02-14-2021, 11:46 PM #3
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- Apr 2014
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- 781
Another dumb post...covid brings out the idiots
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02-15-2021, 11:35 AM #4
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- Feb 2017
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- 3,433
Just FYI, I wouldn't have responded if Golf didn't, but in order to add value and not just drop thoughts out of the wrong end of my body, these deals can get done if you can show that the merchant has prior experience in the industry, especially if the new owner is located locally is just expanding, especially if the new owner was an employee, especially if the old owner is still there in some roll.
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02-16-2021, 12:21 PM #5
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- Sep 2015
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- 122
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02-16-2021, 12:35 PM #6
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,959
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
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02-16-2021, 12:55 PM #7
- Join Date
- Sep 2015
- Posts
- 122
I got the offer on Friday after I made the posting here. Why don't you worry about your deals and stop questioning what I am doing here.
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02-16-2021, 12:56 PM #8
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- Feb 2017
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- 3,433
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02-16-2021, 12:57 PM #9
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- Feb 2017
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- 3,433
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02-17-2021, 10:47 AM #10
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,959
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
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02-17-2021, 10:52 AM #11
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,959
Because it is a childish post - you are on a forum that is made up of mostly brokers - seeking help/advice, whatever term you want to use
and make a statement _ No Brokers -
Pick up the dang phone and call whomever you think is a Direct Funder within the MCA Space.
The board has plenty of advertisers and has a Resource Directory - you may consider using the tools provided.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
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02-17-2021, 10:55 AM #12
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,959
Because it is a childish post - you are on a forum that is made up of mostly brokers - seeking help/advice, whatever term you want to use
and make a statement _ No Brokers -
Pick up the dang phone and call whomever you think is a Direct Funder within the MCA Space.
The board has plenty of advertisers and has a Resource Directory - you may consider using the tools provided.
https://dailyfunder.com/directory/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
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02-17-2021, 11:25 AM #13
- Join Date
- Sep 2015
- Posts
- 122
This is the deal bin where you ask questions about possible deals, if you don't have any positive input why don't you keep it to yourself. There are plenty of funders I have met using this forum. Why are you so offended that I said no brokers that is my preference and you are absolutely the last person I would want any help from.
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02-17-2021, 12:21 PM #14
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,959
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
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02-17-2021, 12:35 PM #15
- Join Date
- Feb 2017
- Posts
- 3,433
That post of Dave's reminds me of this movie scene conveniently made into a meme....
i know you are.jpg
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02-17-2021, 12:37 PM #16
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- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,490
14 posts back and forth over a $30,000 deal...... Sometimes viewing this forum is like watching 2 seagulls fight over a french fry.......
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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02-17-2021, 12:50 PM #17
- Join Date
- Feb 2017
- Posts
- 3,433
There are less than 20 direct funders? Really?
I'm going to list more than 20 direct MCA funders in no particular order who are direct and are/were active on this forum
IOU, Breakout, Rapid, CFG, Advantage, Cooper, RDM, TVT, Fundry (and their 20 affiliates), Elevate, Ace, Smart Business Funding, SOS, Vital, LCF, Velocity Group, LG Funding, Everest, Fox, ByzFunder, Blue Bridge, Fresh Funding, G&G, Forward, Legend, Quikstone... and why not throw in OnDeck just for fun?
There are a dozen others who probably watch from the side.
Dave, I don't understand why you're still here. You call people names and make a fool out of yourself simultaneously. If you have time to post, then follow your own advice and just pick up the phone and call leads. Personally, I like adding value, and I love gaining value out of constructive posts here, I can honestly say that I've learned so much from direct lenders and funders here. If it wasn't for my relationship (and closing of several deals) with one direct mortgage lender, I would not have closed the multimillion dollar hotel deal 13 months ago, and I wouldn't have even had it sent to me. Instead, we watch, listen, add value when we can, and hopefully don't get the grief sent back in your face.
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02-17-2021, 02:08 PM #18
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,959
Has the deal been closed and the merchant funded - 6 days later
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
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02-17-2021, 02:27 PM #19
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,959
When I see this wording on a web site - that informs me they work with other funding partners - and are NOT direct funders.
They may service the account, but, that wording leaves me to the belief that they are NOT the funders.
BTW - who asked you to add your no-sense to this post - ?
*BANK PARTNERS FEATURED IN THESE SITES.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
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02-17-2021, 03:23 PM #20
- Join Date
- Sep 2015
- Posts
- 122
lol this guy Dave is insane antagonizing me over a simple deal question how this escalated at all is crazy you got problems man
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03-18-2021, 08:34 AM #21
- Join Date
- Mar 2019
- Posts
- 5
Did you end up getting this deal closed? I have a resource that can get this done by cob. Let me know. Thanks
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