$7500 Needed for Seasonal Merchant - Any thoughts?
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  1. #1
    Senior Member Reputation points: 39760
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    $7500 Needed for Seasonal Merchant - Any thoughts?

    Any feedback? Takers?

    Amount Requested: $7,500

    December 2014: $50.00 (no nsfs) Avg Daily Balance: $76.34
    November 2014: $9264.26 (no nsfs) Avg Daily Balance: $1971.50
    October 2014: $7,329.36 (no nsfs) Avg Daily Balance: $2557.22
    September 2014: $14552.81 (no nsfs) Avg Daily Balance: $3933.19
    August 2014: $23,152.14 (no nsfs) Avg Daily Balance: $3821.81
    July 2014: $16,456.40 (no nsfs) Avg Daily Balance: $3082.51
    June 2014: $21,436.40 (no nsfs) Avg Daily Balance: $3746.61
    May 2014: $17,299.58 (2 nsfs) Avg Daily Balance: $3534.15
    April 2014: $8,237.69 (2 nsfs) Avg Daily Balance: $1409.28 (1 negative day)
    March 2014: $1272.04 (2 nsfs) Avg Daily Balance: -75.31 (2 negative days)
    February 2014: $2,679.34 (7 nsfs) Avg Daily Balance: - $327.35 (14 negative days)
    January 2014: $1,298.10 (16 nsfs) Avg Daily Balance: -621.30 (14 negative days)


    Average Daily Balances :$3000

    Total NSF’s: 29

    How many days in the negative: 31

    Business: Drive In Theater - Seasonal due to snow

  2. #2
    Administrator Reputation points: 59879 admin's Avatar
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    moved to deal bin.

  3. #3
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    Thanks... and sorry for that!

  4. #4
    Member Reputation points: 84 arielp's Avatar
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    send it over i can fund it
    Ariel Perez-Palma
    Finance Specialist

    World Business Lenders
    81 Market Sq.
    Suite 7
    Newington, CT 06111

    Direct: (860) 436-4963
    Cell: (203) 600-4221
    Fax: (646) 924-3632
    Email: aperez@wbl.com
    Web: www.wbl.com

  5. #5
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    What state are they located? Hows the FICO? Don't think you'll find a home with an MCA/Daily payment lender but some of the high risk term loan providers don't necessarily care about the seasonality.

  6. #6
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    The payback months aren't very strong if you were to qualify him right now. Even with collateral the balances do not support a large advance...

    MFS Global would have been a good choice for them if they didn't have so many NSFs. He starts picking up in April... Tricky. How is his credit? You can try to qualify him for a LOC so he can use it at his disposal... monthly payments...

  7. #7
    I could definitely help you with this and quickly as well.
    Email me at funding@berkmanfunding.com
    Last edited by SK215; 01-23-2015 at 02:17 PM.

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