Seasonal Farm Business Needs Funding
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  1. #1

    Seasonal Farm Business Needs Funding

    I have a merchant that has a farm in California in need of funding for his up coming season which starts in October/November. He makes no deposits from May until October but keeps money in his account around $50k (Ending balance). Last year and this year were his monthly deposits:

    November $61k
    December $220k
    January $138k
    February $228k
    March $78k
    Apr $60k

    The merchant needs around $50k. His credit score is over 700. Let me know if anyone can help.

  2. #2
    Senior Member Reputation points: 218103
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    This is where you go with leveraging the personal credit responsibly. Email me, I'll introduce you to the group that makes this type of thing happen and YOU get paid.

  3. #3
    Senior Member Reputation points: 81657
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    Quote Originally Posted by davis3003 View Post
    I have a merchant that has a farm in California in need of funding for his up coming season which starts in October/November. He makes no deposits from May until October but keeps money in his account around $50k (Ending balance). Last year and this year were his monthly deposits:

    November $61k
    December $220k
    January $138k
    February $228k
    March $78k
    Apr $60k

    The merchant needs around $50k. His credit score is over 700. Let me know if anyone can help.
    Why are they not using the local USDA Office for an Ag Loan?

    https://www.fsa.usda.gov/programs-an...loan-programs/
    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
    Senior Member Reputation points: 8447
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    Jul 2015
    Location
    Tampa Florida
    Posts
    493

    Quote Originally Posted by davis3003 View Post
    I have a merchant that has a farm in California in need of funding for his up coming season which starts in October/November. He makes no deposits from May until October but keeps money in his account around $50k (Ending balance). Last year and this year were his monthly deposits:

    November $61k
    December $220k
    January $138k
    February $228k
    March $78k
    Apr $60k

    The merchant needs around $50k. His credit score is over 700. Let me know if anyone can help.
    Do they process credit cards? We could consider a credit card split deal if the volume is strong.
    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

  5. #5
    Senior Member Reputation points: 68233
    Join Date
    Dec 2014
    Location
    Quogue, NY
    Posts
    1,108

    What other debt is on their Balance Sheet?

    How much is the ask?

    Machinery and Equipment Assets?

  6. #6
    Hey Davis I sent you a private message. Give me a call. We will take a look at the client and get them funded. Thanks Davis. Look forward to hearing from you.

    Brandon Dressler
    Preferred Funding Group
    brandon@preferredfundinggroup.com
    815-878-0244

  7. #7
    Cobalt would be able to make a decent offer on this.

    Feel free to reach out to us.
    Cobalt Funding Solutions | Direct Funder

    cobaltfunding.com| 202-773-4200
    New York, NY. | deals@cobaltfunding.com

  8. #8
    We can do commercial loan and secure it with the land or equipment; they should have assets. My email is listed below. Thank you.

    Jimmy@sigicancapitalcorp.com

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