Low # of deposits
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  1. #1

    Low # of deposits

    Hi all. Need some help with a client who imports and sells printing materials. All of their sales are via Amazon and Amazon only pays them twice per month. So each deposit represents many of revenue items, but the banks only show 2 deposits per month. $60k+ rev/ month. $10k avg bank balance. Merchant wont accept less than $50k. Looking for a funding source who will look past the low # of deposits. Ready, go.

  2. #2
    Senior Member Reputation points: 8592
    Join Date
    Oct 2014
    Posts
    260

    Sounds like you are letting the merchant set the expectations, rather than the other way around. If a merchant told me they wouldn't take less than 50k, i would tell them to go to a bank than......they will be back

    Just a thought........
    Second place? Set of steak knives.

  3. #3
    We look at it the deal.


    Steven Kamhi
    Phone 516-444-3499
    Cell -516-314-6887
    Fax 1-516-765-9184
    STEVENK@NULOOKCAPITAL.COM

  4. #4
    Senior Member Reputation points: 68233
    Join Date
    Dec 2014
    Location
    Quogue, NY
    Posts
    1,108

    Check to see if Amazon themselves have lent your customer Capital... They do that. If they haven't, feel free to touch base...

    RG 516 510 3855

  5. #5
    I can definitely help you with this! Please contact me at sonya@berkmanfunding.com
    We do deals like this everyday. Would love to help.

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