Results 1 to 11 of 11
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12-05-2014, 11:15 AM #1
- Join Date
- Nov 2014
- Posts
- 76
IT business with high avg daily balance but low number of monthly deposits
Im trying to assist an IT (Information Technology) business with a working capital loan.
Avg daily balance over the last 6 months has been consistent at approx $30,000
Borrower has one big customer that amounts to a deposit of approx $10,500 each month. Then he typically has 3 or 4 additional small deposits. So total deposits are above $10,000 per month but it's typically one big deposit of $10,000 and then 4 additional ones of around $250.
Can anyone help with this one given the low number of deposits each month
thanks
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12-05-2014, 01:50 PM #2
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
What's the ideal loan this client is looking for?
Bob Shaw
734-929-3800
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12-07-2014, 06:15 PM #3
- Join Date
- Nov 2014
- Posts
- 76
Looking for $35k but I think that's very unrealistic given his monthly deposits are hovering around $12k per month...
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12-09-2014, 10:37 AM #4
- Join Date
- Dec 2013
- Location
- Connecticut
- Posts
- 332
What state are they located in? You have options that include no deposit restrictions if they are located in a qualifying state. If they have a need directly for equipment or related you also have some options. PM if you'd like to discuss further.
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12-09-2014, 11:47 AM #5
- Join Date
- Dec 2014
- Posts
- 2
IT business with high avg daily balance but low number of monthly deposits
I can offer what he is grossing monthly , maybe more if he has collateral to pledge. Pm me if you're interested in more information.
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09-15-2015, 11:14 AM #6
- Join Date
- Jul 2015
- Posts
- 14
Leo Connell
Funding Specialist
I can help you out if you have statements. Send me an email we can work something out.
Yellowstone Capital
lconnell@yellowstonecapllc.com
Office-646-774-3352
Cell-518-570-0484
Fax-978-313-8631
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09-15-2015, 11:27 AM #7
- Join Date
- May 2015
- Location
- NC
- Posts
- 208
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09-15-2015, 02:03 PM #8
- Join Date
- Sep 2015
- Posts
- 3
Do you have a use of funds for the $35k? Do they have any long term contracts in place?
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09-15-2015, 02:06 PM #9
- Join Date
- Jul 2015
- Posts
- 14
I guess the ole "you miss 100% of the shots you dont take" saying applies here, well then.
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09-16-2015, 12:56 PM #10
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
You might try LoanMe
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09-16-2015, 02:43 PM #11
- Join Date
- Nov 2014
- Posts
- 438
LoanMe Business
949-535-7798
Email: Business.Loans@LoanMe.com
www.loanme.com/SBL-partner
1900 S State College Blvd. Suite 300
Anaheim, CA 92806
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