Low Monthly eposit Count Annual sales $3.2 mill looking for home
Need a Funder or Vendor? START HERE

Results 1 to 5 of 5
  1. #1
    Senior Member Reputation points: 47257
    Join Date
    Apr 2013
    Location
    Basalt CO
    Posts
    867

    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?

  2. #2
    Senior Member Reputation points: 16720
    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.

  3. #3
    Senior Member Reputation points: 2218
    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

  4. #4
    Senior Member Reputation points: 47257
    Join Date
    Apr 2013
    Location
    Basalt CO
    Posts
    867

    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.

  5. #5
    Senior Member Reputation points: 32658 Zach's Avatar
    Join Date
    Nov 2013
    Posts
    1,733

    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

Similar Threads

  1. Replies: 7
    Last Post: 12-30-2014, 03:06 PM
  2. Replies: 5
    Last Post: 09-09-2014, 09:26 AM
  3. Replies: 3
    Last Post: 08-23-2014, 06:02 PM
  4. Deal Option for low trans count
    By skideeppow in forum Merchant Cash Advance
    Replies: 8
    Last Post: 12-14-2013, 12:22 AM
  5. Advance monthly sales for retail and food services
    By CO1 in forum Merchant Cash Advance
    Replies: 2
    Last Post: 05-06-2013, 04:17 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Pipe secures $100M credit facility
Cloudsquare: 14 new lender APIs
FundKite survey finds 77%


DIRECTORY