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01-03-2023, 04:14 PM #1
Reputation points: 10
- Join Date
- Sep 2022
- Posts
- 12
Monthly Deposit vs Daily balance affect on approved amounts
I am trying determine how having a high monthly deposit but low average daily balance affects on loan amount. Basically, I have a merchant that has high revenue/profits in last 3 months. However, he withdraws to personal accounts quickly and prefers keep Business account at low balance.
Monthly Deposits - $200k
Owner withdrawal -$150k
Other expenses- $50k
Avg balance kept it $5K
I think this affect the amount he can be approved. I may have to convince leave more money in.
Any suggestions? Thanks
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