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  1. #1
    Senior Member Reputation points: 24
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    monthly payments

    Who will fund a merchant in Arkansas on a monthly pay back with a 570 credit score? I may be able to sell a bi weekly
    Last edited by k lion; 05-19-2021 at 06:16 PM.

  2. #2
    Senior Member Reputation points: 81655
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    Quote Originally Posted by k lion View Post
    Who will fund a merchant in Arkansas on a monthly pay back with a 570 credit score? I may be able to sell a bi weekly
    No one in their right mind - You may be able to sell a bi-weekly?

    It is not what you are able to sell - it is what does the merchant qualify for

    ** Does the business accept credit cards? If so, a credit card split funding may be a solution.
    Credit Score is a factor, but, not a deal breaker.
    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

  3. #3
    Senior Member Reputation points: 24
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    i can get him a typical cash advance but he wants to free up cash flow. Only bi weekly or monthly would work. The only credit card splits ive heard of are daily hold backs.

  4. #4
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    Quote Originally Posted by k lion View Post
    i can get him a typical cash advance but he wants to free up cash flow. Only bi weekly or monthly would work. The only credit card splits ive heard of are daily hold backs.
    repair his credit then. 570 is pretty much over 100 points below what is needed for a monthly from a credit POV.

  5. #5
    Senior Member Reputation points: 81655
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    Quote Originally Posted by k lion View Post
    i can get him a typical cash advance but he wants to free up cash flow. Only bi weekly or monthly would work. The only credit card splits ive heard of are daily hold backs.

    You are correct - cc splits are a daily % pay-back - flexible daily payments based upon credit card sales volume.
    NOT a fixed daily,weekly,monthly payment
    Last edited by Yankeeman07; 05-20-2021 at 08:56 AM.
    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

  6. #6
    Senior Member Reputation points: 4262 Magicmike18's Avatar
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    7125 Peri Lane Brooklyn Ny 11234
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    His credit isn’t great at all so monthly is going to be tough. But you can try loan me they might take a look at it.

  7. #7
    Loan me. or SOL

  8. #8
    Senior Member Reputation points: 14313
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    Headway possibly

  9. #9
    Senior Member Reputation points: 8447
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    We exclusively fund credit card split deals. Bad credit and negative banks are ok as long as the processing volume is healthy. We have direct split relationships with several credit card processors. We can also offer lockbox if we don't have a relationship with their processor and they are not willing to switch.
    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

  10. #10
    Senior Member Reputation points: 24
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    did you mean sos?

  11. #11
    Senior Member Reputation points: 24
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    Thanks. Ive gotten sub 600 credit funded through loanme before but the merchant
    is in Arkansas. not a loanme state.

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