Results 1 to 12 of 12
-
09-02-2021, 11:30 AM #1
- Join Date
- Apr 2018
- Posts
- 178
how slow will September be?
The religious community will be on celebrating holidays for 10-11 days out of the working month - do you think the industry will take a hit this month?
-
09-02-2021, 11:42 AM #2
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,874
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
-
09-02-2021, 12:59 PM #3
September is the start of leasing season! Equipment finance companies are going to be firing on all cylinders until the end of year.
Business owners are now looking at strategies to reduce their taxable income. Thanks to Section 179 and bonus depreciation, equipment purchases are a big part of that strategy.
Anyone looking to add equipment financing to their product mix have the opportunity to make a lot of additional money the next few months, and beyond.
-
09-02-2021, 01:36 PM #4
- Join Date
- Mar 2018
- Location
- Salt Lake City, UT
- Posts
- 86
When are the holidays this month?
-
09-02-2021, 01:50 PM #5
- Join Date
- Feb 2017
- Posts
- 3,347
NON work days for the religious Jews:
Labor Day: Sept 6
Rosh Hashanah: Sept 7-8
Yom Kippur: Sept 16
Sukkos / Sukkot: Sept 21-22
End of Sukkos: Sept 28-29
Don't expect much to happen or move on Sept 15, 20 or 27 either, they're all extremely busy days even if you may have some back and forth communications from mobile devices.
-
09-02-2021, 02:06 PM #6
- Join Date
- Apr 2016
- Location
- Ft Lauderdale
- Posts
- 57
Great month to utilize your non orthodox funders to get those deals done. You may develop some new relationships as well.
Jake Strelzik
305- 785-2548
-
09-02-2021, 02:28 PM #7
- Join Date
- Mar 2018
- Location
- Salt Lake City, UT
- Posts
- 86
-
09-06-2021, 11:36 AM #8
- Join Date
- Jan 2017
- Posts
- 65
I've funded many deals in this industry on Jewish holidays, GREAT time to capitalize on the crumbs left behind those days... But yes enjoy your Holidays people!
-
09-07-2021, 07:19 AM #9
- Join Date
- Mar 2017
- Posts
- 32
IN talking with key clients, it appears that they plan no decrease in business this month. Yes there will be time off for religious observances but they laid out a plan to keep things going. Let's all make sure to have the attitude of gratefulness, positivity, and strong work effort and this can be a September to remember.
-
09-07-2021, 01:59 PM #10
- Join Date
- Dec 2020
- Location
- New York CIty
- Posts
- 32
Our Sweet Spots:·* 1st*- 7th positions for same day funding between 25k and 750k. (High deposit volume {100k+}*·**We'll beat or match any other funders' offer within minutes (upon request for urgent files) Have a Yellowstone agreement? If so, send it and we will beat it that day!·**We are particularly competitive in the following industries: retail, restaurants, food/beverage, medical/dental offices, consulting/advertising/real estate/construction/etc with solid contractual receivables and We can go to 12 month on high risk industries in 1st position.
Some Brief Underwriting Guidelines:Program Lengths: 1st position max term 18 month,*2nd position max is 12 months3rd position max is 10 months(ladder positions will depend on* available cash flow)390 payment days,*or 78 weekly payments,or 39 bi-weekly payments,or 18 monthly payments* *(Exceptions can be made)*Positions1st*– 7th positions**(Exceptions can be made)Min. Time in Business6 monthsRequired Bank Statements3 Months from all accountsMinimum Credit ScoreNone (500+ preferred)*Min. Days of Deposits5** * * ***Some exceptions made depending on industry
Min. Monthly Bank Deposits$18,500Funding Amount$25,000 - $750,000*(Over $150,000 requires 6 months and financials )Min. Avg Daily Balance reqd.VariableMax Negative Days Per Month5Max Monthly NSFs10Judgments/LiensYes – Payment Plans OnlyCredit Card SplitsYes- No Fixed TermRestricted IndustriesMay still be approved for up to 6 monthsBackgroundNo violent crimes or financial/fraud felonies*BankruptciesDischarged okay /*No Dismissed bankruptcies within the last 2 yearsCredit ReportNo major delinquencies*Benefits of Working with Prosperum Capital:
·**We are direct Funders and we are licensed in California, not super brokers!·**Same day add-ons!·**We do not reduce your commission on renewals!·**VERY competitive terms!·**Same day funding in as little as 6 hours!·**Weekly, daily, and 2x per week payment options on most positions.·**Ability to syndicate on any deal we fund for you!·**We're happy to white label. Must submit* a minimum of15 Files a month*·**Quick turn-around time!·**Commission is 4- 12 points depending on rate and term, better rates usually have less points built in and we allow for upselling 2 for 1 point of commission*
Buy Rates as low as 15-20% for 3 months and as low as 20% for 1 year if clean in 1st.
--
Thank You & Stay Productive!
--
Businesses*Prosper With Prosperum !*
Channon Smith,**Funding Specialist
|*Office*|*(646) 766-9922 Ex 1027|*Fax |*(888) 894-3518*or*(212) 706-0117|*Email |*CSmith@ProsperumFunding.Com8 West 36th Street, Floor7*|*New York, NY 10018ProsperumFunding.Com
-
09-08-2021, 01:16 PM #11
- Join Date
- Jul 2021
- Location
- United States
- Posts
- 145
-
09-08-2021, 01:42 PM #12
- Join Date
- Dec 2020
- Location
- New York CIty
- Posts
- 32
Similar Threads
-
Bluebridge funding -Updated SEPTEMBER 2020
By Ari Gill in forum Merchant Cash AdvanceReplies: 1Last Post: 09-17-2020, 03:40 PM -
End Of The Month Funding Frenzy September 2018
By StipMeBabyOneMoreTime in forum Merchant Cash AdvanceReplies: 6Last Post: 09-28-2018, 04:10 PM -
14 Points any deal funded in August or September
By ayfayfay in forum PromotionsReplies: 3Last Post: 08-24-2018, 02:02 PM -
How were your months? September was my biggest
By johndough17 in forum Merchant Cash AdvanceReplies: 56Last Post: 10-16-2017, 10:46 AM -
September absolutely rocked at Yellowstone Capital!!!
By isaacdstern in forum Merchant Cash AdvanceReplies: 55Last Post: 10-26-2013, 05:32 PM