NAB/Capital For Merchant pricing

**mrmcfadden** · 11-13-2014, 10:51 AM

If a Merchant processing 25k he can only be funded up to that amount. With a factoring of 1.30-1.44 & 540 credit score. Is this how all merchant advanced pricing works?

He's was looking for 55k.

The prospect looking else where because he wanted more funding.

**Jared_Weitz** · 11-13-2014, 10:55 AM

What's he doing in total monthly gross? maybe he can get more on a fixed payment platform.

**mrmcfadden** · 11-13-2014, 11:02 AM

On the fixed platform where should his Gross be at? & @ what estimate factoring rate?

**Jared_Weitz** · 11-13-2014, 11:08 AM

Originally Posted by mrmcfadden

On the fixed platform where should his Gross be at? & @ what estimate factoring rate?

no matter how long in business due to a 540 credit he may be capped at a 9 month. Assuming he does 40k per month and has good bank balances and there is no hair on the deal he would probably be able to qualify for a max payback of $43,200 so the advance amount could be $35,000. That would be taking about 12% of the merchants monthly gross.

**WhoisKingsley** · 11-13-2014, 11:36 AM

Even though he can be funded up to 100% of his CC, how much of the deposits into his bank are not from CC? He may be able to qualify for a split.

What's the industry? How long in biz?

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