Results 1 to 11 of 11
-
04-19-2023, 04:12 PM #1
- Join Date
- Mar 2019
- Posts
- 105
Media Company, 1mm a month
Client Profile:
Deposits: 900/month
Monthly Revenue: 920k/month
ADB: 320k
Negative Days: 0
Positions: 1, B paper lender, currently at 3.75% withhold, funded small renewal in late January
Credit: 722
State: NV
TIB: 9/2020
Industry: Digital Media / E-Commerce
Looking For: 500-700k, 6-10 month deal in the high 3's, low 4's Sell Rate
Now here is the hair on the deal. Client owns 40-50 different e-commerce brands. All under the same entity, just different DBA's. He has roughly 20 different revenue generating business bank accounts, all relatively small rev per account at the same bank.
All revenue sweeps into a main account at the end of each day, but it still shows as a transfer. We have all accounts.
Who would give me a real deal that is not the ultra high risk guys. I have 300k over 42 weeks right now. Simply not enough money and a lot of stips to fund. I understand its complex, but who has an appetite for this deal?
If you are going to ask for all merchant processor statements it Dead on Arrival. He has 40-50 different merchant processor accounts for each brand.
-
04-19-2023, 04:43 PM #2
- Join Date
- Mar 2023
- Posts
- 13
Hey,
I am with Derek at White Cloud Funding I think we might be able to get this deal funded.
Please feel free to email me at Derek@whitecloudfunding.com. I would be more than happy to discuss.
(323)513-8773
-
04-19-2023, 04:59 PM #3
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 3,001
He has 40-50 different merchant processor accounts for each brand. Why?
Since cc processing is my main business - I will tell you flat out there are NOT 40 different processors, maybe 1000's of ISO, but, not different processors.
If his financials are strong and his/her charge-back ration is at an acceptable level one, one merchant account underwritten correctly would suffice.
A 12 Million dollar processing volume is not out of the norm - maybe a 2nd as back-up if that makes them feel more secure.
Beyond that - go for a Bank Term Loan - besides my resources, there are several others available.
Get them out of the MCA World - unless there is a reason behind the curtain they would not qualify
Contact me if you wish to discuss.Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
Office: 727-233-1111
Skype: fc-financial
-
04-19-2023, 05:03 PM #4
- Join Date
- Nov 2019
- Posts
- 692
-
04-19-2023, 06:54 PM #5
- Join Date
- Dec 2021
- Posts
- 154
Capitalize can likely get this done for you. Our Max term is 24 weeks but we can do upto 500k if the numbers work.
-
04-20-2023, 01:21 AM #6
- Join Date
- Mar 2019
- Posts
- 105
-
04-20-2023, 08:35 AM #7
You're best bet is with a funder that can cross collateralize the deal with all the DBA's combined.
To my knowledge, NewCo does this.The Brokers Nightmare
I don't want peace, I want problems, ALWAYS!
Florida-Based
-
04-20-2023, 09:27 AM #8
- Join Date
- Mar 2019
- Posts
- 105
They can add the DBA's but its all under the same EIN so need need for an MEI. Most UW's just don't want to deal with the headache of underwriting this deal which is very reasonable. Unfortunately I find it very hard to trust NewCo.
Tough deal
-
04-20-2023, 09:33 AM #9
What happened to that one funding company that used domains as collateral? This would be a perfect situation for this.
Sometimes deals are a phone call vs. email submit to iso rep (no offense pushers). If you want to go over this deal with UW directly let me know I’ll pm you an email or phone #
-
04-20-2023, 10:28 AM #10
- Join Date
- Nov 2019
- Posts
- 692
-
04-20-2023, 11:57 PM #11
- Join Date
- Dec 2021
- Posts
- 638
Marcus Clapman
Capybara Capital
marcus@capybarausa.com
www.capybarausa.com
646-708-5986 (Text Friendly!)
Similar Threads
-
Looking to place 50K advance, 12mo. min term, Cali Marketing/Media Company
By SmarterBusinessFunds in forum Deal BinReplies: 5Last Post: 09-24-2019, 02:33 AM -
Trucking company in WY - 45k/month but TiB since 5-17
By Arsenalist86 in forum Deal BinReplies: 9Last Post: 09-20-2017, 09:06 AM -
TRANSPORTATION COMPANY / 90k+ per month / MCA
By CFSCCorp in forum Deal BinReplies: 6Last Post: 05-19-2017, 06:31 PM -
media company
By brokerCompany in forum Deal BinReplies: 3Last Post: 01-12-2017, 12:52 PM -
Online media Company In Search of 150k
By AJR in forum Deal BinReplies: 3Last Post: 11-23-2016, 11:54 AM