Fund while Lowered
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  1. #1
    Senior Member Reputation points: 23563
    Join Date
    Mar 2021
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    Fund while Lowered

    Which reputable funder will fund a merchant that just lowered end of December. jan is his slowest month of year (65K) things will start picking up again mid Feb

  2. #2
    Senior Member Reputation points: 217975
    Join Date
    Feb 2017
    Posts
    3,346

    "Lowered" meaning they have lowered MCA payments, or "lowered" meaning that they have lower Dec revenue? There are plenty of funders out there who can do it with 12 months of banks, LMK if you need any help.

  3. #3
    Senior Member Reputation points: 86876
    Join Date
    Feb 2018
    Posts
    1,349

    you need to find a funder that will let you send in 12 months to right size deal. 3 months of banks don't capture a seasonal business if that's what this deal is

  4. #4
    Senior Member Reputation points: 10109
    Join Date
    Jun 2015
    Location
    Gainesville, FL
    Posts
    189

    This is when we ask for payback months.

  5. #5
    Senior Member Reputation points: 6957 ESE5020's Avatar
    Join Date
    Oct 2017
    Posts
    331

    Quote Originally Posted by goatFunding View Post
    Which reputable funder will fund a merchant that just lowered end of December. jan is his slowest month of year (65K) things will start picking up again mid Feb
    We would consider. Would need 12 months of statements.
    East Shore Equities, LLC
    Submissions@EastShoreEquities.com
    Tel: 516-231-5595 | Fax: 516-231-5590
    www.EastShoreEquities.com

  6. #6
    Lowered MCA payments or lowered December rev?
    Katie Bell
    ISO Manager
    Thor Capital Group
    888-445-1028
    info@ThorCapitalGroup.com

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