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  1. #1
    Senior Member Reputation points: 4262 Magicmike18's Avatar
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    Cpa looking for 12k must be weekly

    March-19,085
    April-27,126
    May-12,591

    This would be first position deal. Merchant absolutely refuses to take a daily, so it must be weekly.

    Only 2 nsfs in last 90 days, and credit is 640

  2. #2
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    Quote Originally Posted by Magicmike18 View Post
    March-19,085
    April-27,126
    May-12,591

    This would be first position deal. Merchant absolutely refuses to take a daily, so it must be weekly.

    Only 2 nsfs in last 90 days, and credit is 640
    Weekly with a weak credit score and declining revenue?
    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: 4262 Magicmike18's Avatar
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    Yeah genious I get offers all the time with them on files similar to this. I don't know why you got comment **** on every ****ing post.

  4. #4
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    Quote Originally Posted by Magicmike18 View Post
    Yeah genious I get offers all the time with them on files similar to this. I don't know why you got comment **** on every ****ing post.
    IF you get offers all the time on high risk files such as the one you posted, why are you seeking a solution?
    Should be a piece of cake for an experienced broker like yourself.

    My musing was why would you think a merchant dictates terms - the CPA is needing $$$, the bigger question is - WHAT DO THEY QUALIFY FOR?

    Has the CPA filed for "Targeted EIDL" - nearly every zip code qualifies.
    Was he/she approved for the 1st EIDL $$$ - if so, SBA sent out an email for a "Request For Additional $$:

    All that is required is a simple email to get the ball rolling.

    I'm not a genius according to Einstein , BUT, I'm smarter than the average bear !!
    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
    Senior Member Reputation points: 4262 Magicmike18's Avatar
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    A merchant can dictate terms or just not take what you’re offering its that simple. Second if you knew so much you’d know the merchants sales aren’t declining hes a cpa and april is always there highest month. Lastly I have 10k offer at 500 a week but merchant wants an extra 2k and a longer term deal.
    Last edited by Magicmike18; 06-06-2021 at 12:47 PM.

  6. #6
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    Quote Originally Posted by Magicmike18 View Post
    A merchant can dictate terms or just not take what you’re offering its that simple. Second if you knew so much you’d know the merchants sales aren’t declining hes a cpa and april is always there highest month. Lastly I have 10k offer at 500 a week but merchant wants an extra 2k and a longer term deal.
    Let's follow the bouncing ball - you post @ 10:30 p.m. on a Friday night seeking a solution, but, now on a Sunday you allegedly have an offer for $10K @ $500.00 a week for how long - 30 weeks?

    Very High Risk!!

    Nothing ever surprises me in this business - BUT IF you actually close this deal, is the big question.
    Anyone can provide an offer - will they actually fund.
    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

  7. #7
    Senior Member Reputation points: 4262 Magicmike18's Avatar
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    I’ve been sitting on the offer since friday afternoon guy. What is the purpose of this are you that bored you want to sit here and debate. This makes zero of us money. Thanks for your time take care.

  8. #8
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    Quote Originally Posted by Magicmike18 View Post
    I’ve been sitting on the offer since friday afternoon guy. What is the purpose of this are you that bored you want to sit here and debate. This makes zero of us money. Thanks for your time take care.
    I'm rebuilding a computer and waiting for software updates and reinstalling other software

    If you have a $10K for $500.00 a week for what a 7 month term? which is an extremely long-term for a high risk client -

    I would not be shopping around - there cannot be that may funders that would stick there necks out for this type of file.

    Enjoy your Sunday !!
    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

  9. #9
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    Quote Originally Posted by Magicmike18 View Post
    March-19,085
    April-27,126
    May-12,591

    This would be first position deal. Merchant absolutely refuses to take a daily, so it must be weekly.

    Only 2 nsfs in last 90 days, and credit is 640

    Credibly would probably give you a look at this. Wouldn't be shocked if they want to see a full year of statements and/or tax return due to industry. Decent chance they just ended there busy seen as it is. Knight may also do it.

  10. #10
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    If you didn't get this done yet, I'd fund it. zalman@askzalman.com

  11. #11
    I'll do weekly; not a problem.

    Respectfully,
    Jimmy Cannata
    Sigican Capital Corp.
    Direct: 718-801-1085
    Email: jimmy@sigicancapitalcorp.com
    Linkedin.com/in/sigicancapital

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