[mca123]

I have a merchant averaging $50k in deposits from may-oct, but drops down to $1k in nov because of their slow season. However, December MTD show deposits in the $20k range.

Any lenders that can make an offer when looking at payback months assuming the average is $50k, or is the nov drop a huge red flag?

[RichardGerard]

question is: Why would the business drop to nearly zero? You could try to submit 12 bank statements to show annual dollars, but the client would likely need to show strong profits, have business longevity, and not be 'liened up' to have anyone offer any substance. Maybe look into a spot factor if he has any worthwhile paper...

Feel free to call.. Richard 516 510 3855

[CherylSuperior]

MCA, we could do this deal as long as the payback months (Jan-Apr 2014) look good.

[Erin Dreselly]

If you still need a home for this one please call me!

[mca123]

Payback months look good, as does December 2014 ($30k in deposits). It's just Nov 2014 that had a huge drop.

[Eagle Funding]

Mca123, if you have 12 months statements I can take a look at it, give me a call 718 316 3323 or email me at allen@trustcapitalfunding.com

[mca123]

I have 12 months. The owner has a 680 credit, Any lenders with terms in the 8-12 month range for auto/truck sales?

[Eagle Funding]

If its a first position I can go in that term range

[SK215]

If you still need help for this, please email me at funding@berkmanfunding.com