[Magicmike18]

Looking for someone to go in 3rd position on credit cards. Restaurant has been in business since 2007. Averages 190k-215k a month and 80% of the business is credit card sales. He has two positions totaling about 95k.Pays a combined weekly of $3200. The only catch is his ending balances are very weak and he does have nsfs. Anyone would look at this?

[Ehenek]

What his financials look like? I could look at an SBA.

[closer129]

Looking for someone to go in 3rd position on credit cards. Restaurant has been in business since 2007. Averages 190k-215k a month and 80% of the business is credit card sales. He has two positions totaling about 95k.Pays a combined weekly of $3200. The only catch is his ending balances are very weak and he does have nsfs. Anyone would look at this?

The issue you are having to find a place is the fact that not many funders do cc splits anymore is one issue. The other is that the merchant already has 2 balances taking over 13k a month and has poor daily balances and probably bouncing the mca payments which shows he cant afford the ones he has. If he takes more funding even as a cc split it will put him more into a whole and the only people to benefit is the funder and the broker. he will have less money to pay his bills and cover the other 2 advances and put himself and the other funders in a bad spot.

If this was a first position i would be able to do a cc split on a business with poor balances if he cannot get any fundings and in a few months when he pays off the 2 advances i can take a look at it.

Scott Platto
scott@tmrnow.com
www.tmrnow.com
212-220-9872

[Yankeeman07]

Looking for someone to go in 3rd position on credit cards. Restaurant has been in business since 2007. Averages 190k-215k a month and 80% of the business is credit card sales. He has two positions totaling about 95k.Pays a combined weekly of $3200. The only catch is his ending balances are very weak and he does have nsfs. Anyone would look at this?

Are both of his positions credit card split funding?
Are they recent?
A true consolidation with a longer term and better factor rate pay be an option.

[speedmob]

My Alphaloans.com can help please click on our link and take a look at our site. We can help fund this client for you. My email is info@myalphaloans.com

[Magicmike18]

already got him approved thanks everyone

[Zonefund]

My Alphaloans.com can help please click on our link and take a look at our site. We can help fund this client for you. My email is info@myalphaloans.com

You got banned and made a new account?

Youre a broker.

[UptownFund]

Just FYI I've seen Itria do a lockbox in 3rd position in a similar situation.

I'll fund behind it if there's enough room.

[Zonefund]

Looking for someone to go in 3rd position on credit cards. Restaurant has been in business since 2007. Averages 190k-215k a month and 80% of the business is credit card sales. He has two positions totaling about 95k.Pays a combined weekly of $3200. The only catch is his ending balances are very weak and he does have nsfs. Anyone would look at this?

This merchant is easy mode for a 1st pos cc split consolidation. I wish i had my hand on files like this. A 3rd may not be necessary.

Inadvance used to do great cc splits in 2nd and 3rd.