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  1. #26
    Senior Member Reputation points: 81657
    Join Date
    Mar 2014
    Location
    Florida
    Posts
    2,869

    "heavy chunk of A/R is going to get paid out in 45 days, etc. What happens when they are wrong" ?

    A true MCA, this would not be an issue - a MCA is the purchase of "Future Receivables" - since no one can predict the future - it will
    take a bit longer for repayment.

    One of the advantages of credit card split funding - they daily repayment is flexible
    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  2. #27
    Quote Originally Posted by k lion View Post
    I have a merchant who is a security company. His revenues are $126,000 March with $28602 month ending balance. $83950 April with $49817 month ending balance. May $107,000 with $6141 month ending balance. Those are true deposits. Has 3 positions. $94,000. $48,000 and $44000. He seems way overleveraged, but he keeps getting funded, so there has to be room for something. A little capital, or a reverse, or both would work. Can anyone do?
    Get signed up sounds like something for our box.
    Uptown Iso Department
    ________________________________________
    Office | 732.994.2550
    iso@uptownfund.com | uptownfund.com

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