Substantial OVERDRAFTS Auto Repair 1st position
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  1. #1

    Substantial OVERDRAFTS Auto Repair 1st position

    In business over 2 years. Decent revenue $100K+ a month. Crappy bank account management appears to be a factor. 9 UNPAID overdrafts last month on the main account plus more on the payroll account. Looking for a 1st position/starter loan. Any one do this? Thanks in advance.

  2. #2
    any previous mca history?

  3. #3
    Senior Member Reputation points: 39760
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    2 years of tax returns, credit over 690 (ETRAN over 175) and 1.2M in revenue could possibly get him up to $350k from the SBA in under 10 business days.

    Monthly payment. 10 year term. Rates under 9.25% a year. No prepayment penalty.

    If he doesn't have one of those three, then an MCA (credit card split) might still be an option as they get the repayment before the funds hit the bank (where OD are occuring)...

    Call Jason Hausle at Quikstone...

    Jason Hausle l Sales & Business Development
    Quikstone Capital Solutions l Tampa FL
    Direct Line 813-371-8233 Text Message 727-492-8812 Fax 813-371-8233
    Jason.Hausle@quikstonecapital.com www.quikstonecapital.com

    Or Scott at TMRNow

    Scott Platto
    tmrnow
    212-220-9872
    scott@tmrnow.com

    GOOD LUCK.

  4. #4
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    Quote Originally Posted by SKITTLES View Post
    In business over 2 years. Decent revenue $100K+ a month. Crappy bank account management appears to be a factor. 9 UNPAID overdrafts last month on the main account plus more on the payroll account. Looking for a 1st position/starter loan. Any one do this? Thanks in advance.
    We may be able to do a small deal with a weekly payment here to try it out. It depends on a few things about the file but if you want to give it a shot feel free to send in. We do not pull credit so it may not hurt to try.
    East Shore Equities, LLC
    Tel: (516) 784-4298 | Fax: (516) 231-5590
    www.EastShoreEquities.com

  5. #5
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    Quote Originally Posted by SKITTLES View Post
    In business over 2 years. Decent revenue $100K+ a month. Crappy bank account management appears to be a factor. 9 UNPAID overdrafts last month on the main account plus more on the payroll account. Looking for a 1st position/starter loan. Any one do this? Thanks in advance.
    Credit Card Split Funding -Lockbox may be an option
    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

  6. #6
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    Quote Originally Posted by Steven_O View Post
    2 years of tax returns, credit over 690 (ETRAN over 175) and 1.2M in revenue could possibly get him up to $350k from the SBA in under 10 business days.

    Monthly payment. 10 year term. Rates under 9.25% a year. No prepayment penalty.

    If he doesn't have one of those three, then an MCA (credit card split) might still be an option as they get the repayment before the funds hit the bank (where OD are occuring)...

    Call Jason Hausle at Quikstone...

    Jason Hausle l Sales & Business Development
    Quikstone Capital Solutions l Tampa FL
    Direct Line 813-371-8233 Text Message 727-492-8812 Fax 813-371-8233
    Jason.Hausle@quikstonecapital.com www.quikstonecapital.com

    Or Scott at TMRNow

    Scott Platto
    tmrnow
    212-220-9872
    scott@tmrnow.com

    GOOD LUCK.
    Thank you for that Steven.

  7. #7
    Senior Member Reputation points: 10476
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    Quote Originally Posted by SKITTLES View Post
    In business over 2 years. Decent revenue $100K+ a month. Crappy bank account management appears to be a factor. 9 UNPAID overdrafts last month on the main account plus more on the payroll account. Looking for a 1st position/starter loan. Any one do this? Thanks in advance.
    My company tmr now might take a look at this if it is a 1st postion as a cc split. And our first positions work like a line of credit in a way. We do not refinance the balance on renewals like every other funder does so the merchant gets double charged on the old money.

    Scott Platto
    212-220-9872
    tmrnow

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