Results 1 to 10 of 10
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01-26-2024, 01:27 PM #1
Who Still Does Decently Aggressive MCAs on Restaurants?
Who do does real MCA without being conservative?
- Avg. mo. deposits: $150K
- $65K CC revenue monthly
- Avg. ending: $3900
- Avg Daily: $6500
- No positions out.
It's not necessarily A paper cause there are about 5 negative days a month. But the revenue & stability is there.
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01-26-2024, 01:39 PM #2
- Join Date
- Oct 2022
- Location
- Long Island
- Posts
- 56
I'll throw my hat in the ring
Ben K
Fratello Capital
Direct Funder
Underwriting@fratellocapital.com
www.fratellocapital.com
212-464-8108
NO ORIGINATION FEES!
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01-26-2024, 01:40 PM #3
- Join Date
- Mar 2023
- Location
- Miami
- Posts
- 40
I can def take a look.
Moe Braun
Rocket Capital
(C)848-318-2598
(O)786-937-3556
Moe@rocketcapllc.com
http://rocketcapllc.com
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01-26-2024, 01:56 PM #4
fundyman, chatting you my number - i am a broker but have 2 perfect funders for this deal.
I dont play games, will tell you the funders, and if you're not signed on to them i would be happy to facilitate the sub for you for a very minimal cut of the commission.
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01-26-2024, 01:59 PM #5
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 3,001
What amount is the merchant seeking ( not what the broker wants)
Usage of funds?
Credit card split may be an option (lockbox) if merchant wants to remain with current processor.
General rule of thumb- - 50% to 60% of the last 4 months average credit card volume = $$funded amount.
**We speak directly to all applicants prior to providing 3 offers.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
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01-29-2024, 07:08 AM #6
- Join Date
- Sep 2023
- Posts
- 42
andrew@arkcapitalfunding.com
9082083593
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01-29-2024, 09:30 AM #7
- Join Date
- Jan 2024
- Posts
- 19
This sounds like a file we can give an aggressive offer on, depending on the rest of the numbers.
menachem@capitalizegroup.com
347-519-5051
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01-29-2024, 10:10 AM #8
- Join Date
- Jan 2024
- Posts
- 26
tim@c2advance.com ; deals@c2advance.com
Actively seeking new brokers and broker shops to join our growing and reliable network
Direct lenders providing offers in 30 mins
100% ISO
$50k-$500k
12-15 points
B-C paper
Will fund prior defaults if satisfied and over a year old
Accredited business with BBB
HMU today @ 732-757-1832
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01-29-2024, 11:00 AM #9
- Join Date
- Nov 2019
- Posts
- 692
I do true mca's all the time which is the cc split. I can get as aggressive as the file allows me to. I want to make sure the hold back does not hurt the merchant and i can get paid back. My first postion renewals work a little like a line of credit as well.
Scott Platto
scott@tmrnow.com
tmrnow.com
212-220-9872
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01-29-2024, 04:30 PM #10
- Join Date
- Jul 2015
- Location
- Tampa Florida
- Posts
- 503
This would most likely be a fit for our credit card sales based MCA. We do well with negative days and NSFs as long as the credit card sales are healthy. We don't have a minimum credit score requirement. We don't charge any origination or other junk fees. We don't double dip on renewals. We are first position but can consider consolidation if it puts the merchant into a better situation.
Submissions:
1.Signed application
2.December bank statement & January month to date bank statement
3.Most recent six months of credit card processing statements through December (4 months considered if new business)
4.Disclose any open positions, judgments, liens, Uccs as it will save time in underwritingJason H l Sales & Business Development
Quikstone Capital Solutions l Tampa FL
Direct Line & Mobile 813-371-8233 l Fax 813-371-8233 l Text 727-492-8812
Jason.Hausle@quikstonecapital.com
www.quikstonecapital.com
Direct Lender Since 2005
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