Results 1 to 5 of 5
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12-17-2014, 05:23 PM #1
- Join Date
- Jun 2014
- Posts
- 89
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.
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12-18-2014, 01:46 PM #2
- 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.
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12-18-2014, 02:10 PM #3
- Join Date
- Oct 2014
- Posts
- 56
We look at it the deal.
Steven Kamhi
Phone 516-444-3499
Cell -516-314-6887
Fax 1-516-765-9184
STEVENK@NULOOKCAPITAL.COM
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12-18-2014, 03:18 PM #4
- 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
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01-23-2015, 01:10 PM #5
- Join Date
- Jan 2015
- Posts
- 29
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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