Results 1 to 5 of 5
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12-17-2014, 02:41 PM #1
- Join Date
- Apr 2013
- Location
- Basalt CO
- Posts
- 869
Low Monthly eposit Count Annual sales $3.2 mill looking for home
They do 1-3 deposits a month, but the deposit has multiple checks etc. looking for $50k quickly and will pay back quickly.
ODC, CAN and GRP wont do it.
No CC sales, just bank deposits.
Any direct lender might be able to do this?
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12-17-2014, 02:43 PM #2
- Join Date
- Sep 2014
- Posts
- 430
Did you provide deposit slips to any of the lenders that declined it to show there are multiple checks per deposit? That should usually do it, unless there is something else about the file that you aren't tell folks.
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12-17-2014, 02:46 PM #3
- Join Date
- Apr 2013
- Location
- NY
- Posts
- 203
rapid will fund businesses doing 1-3 deposits a month ... BUT as credit guy said, there must be something else wrong with the file that is causing the decline not the low deposits, because all of the funders you mentioned will reconsider if you show deposits slips showing multiple deposits per slip
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12-17-2014, 02:49 PM #4
- Join Date
- Apr 2013
- Location
- Basalt CO
- Posts
- 869
Yes have slips, fico is above 600, business credit might be an issue. but the guy is only looking for 50k on over 3 mill in gross.
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12-18-2014, 02:05 AM #5
If he can pledge an asset try WBL.
Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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