[viper066]

Have a 4 year old restaurant that avg $30k a month with 610 credit in Virginia, but always keep balances below $500 but never goes negative

have a $20k offer and looking for min $35k to purchase additional oven

[Kevin Henry-Seacoast]

20 "funders" who have no money will say "send it over" in less than 60 seconds.

[MCA-VET]

Have a 4 year old restaurant that avg $30k a month with 610 credit in Virginia, but always keep balances below $500 but never goes negative

have a $20k offer and looking for min $35k to purchase additional oven

Not sure about 35K with out UW... but below 500 daily balance is that 99cents or $487.00 ? you can sign-up and find out asap ...

[BR-Nightmare]

Have a 4 year old restaurant that avg $30k a month with 610 credit in Virginia, but always keep balances below $500 but never goes negative

have a $20k offer and looking for min $35k to purchase additional oven

You're not going to get $35k here on an MCA, I don't know if equipment financing would work here, that would be a suitable option maybe?

[ridextreme]

Pawnee

[Jason Sterling]

We can take a look at this on first position credit card split. Might be able to get there if we can pay the 3rd party direct.

[mross@LENDBUG]

Have a 4 year old restaurant that avg $30k a month with 610 credit in Virginia, but always keep balances below $500 but never goes negative

have a $20k offer and looking for min $35k to purchase additional oven

We can do a Credit card split. That would be ideal from what I'm reading.



$ 1% bonus point for the month of June $

We have revamped our lending criteria for aggressive offers and maximum deal flow. We pride ourselves on being extremely creative and flexible.

Our funding Criteria:

- 10k minimum funding - 500k max funding
- B, C, D paper
- Offers not based on credit score - low credit ok
- Response time (realistically) as low as 60 minutes
- 1st - 5th position - Up to 38% withhold of net deposits
- 1.32 buy rates
- Terms up to 140 days (weekly's upon approval)
- Max Upsell to 15 points
- Early Payoff Discounts
- 4 truck minimum for trucking industry
- 15k a month average revenue
- Minimum of 5 deposits per month
- Minimal stips (VC & ID)
- Docusign Contracts
- Commission paid after 1st debit clears (4 days)


! Attention Sales Reps !

- Ask us about our Line of Credit for syndication -


Michael Ross
Lendbug
New York, NY
Mross@lendbug.com
646-360-0411

[ryan $]

If they keep their balances so thin...... what will happen when you add a daily payment????

[BR-Nightmare]

If they keep their balances so thin...... what will happen when you add a daily payment????

You just blew his mind, LOL

[Yankeeman07]

If they keep their balances so thin...... what will happen when you add a daily payment????

With a credit split the funder receives their money 1st - then the merchant - No ACH Rejects.

That is the purpose of a Lock-Box - Split Funding

The amount of funds they are seeking will be a long reach - but as Quickstone mentioned - if the vendor is paid direct

[Fetachini]

Lot of funders will not touch this because it's in VA, new laws went into effect friday.

[ryan $]

With a credit split the funder receives their money 1st - then the merchant - No ACH Rejects.

That is the purpose of a Lock-Box - Split Funding

The amount of funds they are seeking will be a long reach - but as Quickstone mentioned - if the vendor is paid direct

If the daily comes off the top (ie a split), the balances in his bank still get lower, what happens when he goes negative and racks up NSF charges, and his bank account eventually gets closed....

[NotALoan]

20 "funders" who have no money will say "send it over" in less than 60 seconds.

And none of them will have read the part where the merchant is located in Virginia...

[TheUnderwritingProdigy]

With a credit split the funder receives their money 1st - then the merchant - No ACH Rejects.

That is the purpose of a Lock-Box - Split Funding

The amount of funds they are seeking will be a long reach - but as Quickstone mentioned - if the vendor is paid direct

Yeah, until they open up another credit card processor and start funneling their sales through that terminal instead of yours.