Results 1 to 7 of 7
Hybrid View
-
10-13-2022, 04:27 PM #1
Reputation points: 758
- Join Date
- Aug 2020
- Posts
- 41
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.
-
10-14-2022, 12:25 PM #2
Reputation points: 2506
- Join Date
- Mar 2022
- Posts
- 63
any previous mca history?
-
10-14-2022, 12:49 PM #3
Reputation points: 39760
- Join Date
- Oct 2014
- Location
- Naples, FL
- Posts
- 474
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.
-
10-17-2022, 12:44 PM #4
Reputation points: 10476
- Join Date
- Nov 2019
- Posts
- 679
-
10-14-2022, 01:05 PM #5
-
10-14-2022, 02:09 PM #6
Reputation points: 84417
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,956
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
-
10-17-2022, 12:46 PM #7
Reputation points: 10476
- Join Date
- Nov 2019
- Posts
- 679
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
Similar Threads
-
Auto repair - wants 10k
By KPFastCash in forum Deal BinReplies: 5Last Post: 04-27-2022, 02:06 PM -
Auto Repair seeking 2nd Position
By CashAdvanceKing in forum Deal BinReplies: 8Last Post: 03-25-2019, 03:50 PM -
3 substantial deposits per month, California company, 90k in February, 1 position 8k
By MCABroker123 in forum Deal BinReplies: 6Last Post: 03-11-2018, 10:15 AM -
International: Saudi Auto Parts / Auto Repair Businesses
By tamerica in forum Deal BinReplies: 1Last Post: 09-08-2016, 06:03 PM -
auto repair
By kcssb in forum Deal BinReplies: 9Last Post: 07-31-2015, 12:15 PM