Results 1 to 10 of 10
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11-02-2022, 03:53 PM #1
- Join Date
- Aug 2014
- Posts
- 35
Need A 2nd Position Lender For Restaurant With Negative days
The merchant has a cc split and is looking for a second-position ach deal.
1. October - $36,106 in deposits/ 6 days negative/ $2018 ending balance/ $1,252 avg. monthly balance
2. September - $71,969 minus a $25,000 cash advance deposit ($46969) / 5 days negative/ $2355 ending balance/ $4,889 avg. monthly balance
3. August - $49,927,106 in deposits/ 4 days negative/ $1,375 ending balance/ $1,535 avg. monthly balance
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11-02-2022, 04:06 PM #2
Anything you stack this with will default in days.
It would be senile to fund a Merchant that still has more than 5 negative days AFTER being funded $25k.
That's piss poor money management.The Brokers Nightmare
I don't want peace, I want problems, ALWAYS!
Florida-Based
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11-02-2022, 05:34 PM #3
- Join Date
- Nov 2019
- Posts
- 692
I am glad to see there are other people that sees things like that. And he has a cc split so if the sales drop his payments drops and he still has poor daily balances. Anyone that gives the merchant a stack is only putting the merchant in a worse spot that he already is in.
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11-03-2022, 09:54 AM #4
- Join Date
- May 2022
- Posts
- 91
Forget negative days. How many NSFs does he have per month? I don't care if the merchant's balance is negative or if he has overdrafts as long as the bank is paying my debit. If he has returned items even after being funded $25K, I wouldn't touch it with a ten foot pole. Also, notice that in September, he ended the month with only $2355 even after getting $25K. He's running through the funds too quickly.
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11-03-2022, 10:48 AM #5
- Join Date
- Sep 2022
- Posts
- 25
shoot me an email with more information looks like something I can help you with
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11-03-2022, 12:34 PM #6
This deal is very doable, reach out to me at the info below
We specialize in funding:
Deals w prior Defaults
"Over Leveraged" deals
All Positions (as long as there is space)
Low FICO scores
and all other "difficult" deals
To submit a file or to request an ISO Agreement, kindly email underwriting@supremefunding.net.
I look forward to hearing from you.
Rasheed Miller
(917) 933-3095 (text or call)
https://supremefunding.net/
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11-03-2022, 01:05 PM #7
- Join Date
- Aug 2014
- Posts
- 35
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11-03-2022, 01:12 PM #8
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11-03-2022, 02:13 PM #9
- Join Date
- Apr 2021
- Posts
- 121
Sounds like this is a prefect fit for hybrid
Email us today kevin@hybridadvancellc.com
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11-03-2022, 02:50 PM #10
- Join Date
- Jul 2022
- Posts
- 14
Capitalize can potentially do something here.
Reach out to tyler@capitalizegroup.com
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