Who Still Does Decently Aggressive MCAs on Restaurants?
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  1. #1
    Senior Member Reputation points: 20465 Fundyman's Avatar
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    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.

  2. #2
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    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!

  3. #3
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    I can def take a look.
    Moe Braun
    Rocket Capital
    (C)848-318-2598
    (O)786-937-3556
    Moe@rocketcapllc.com
    http://rocketcapllc.com

  4. #4
    Senior Member Reputation points: 16767 fundinggrasshopper's Avatar
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    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.

  5. #5
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    Quote Originally Posted by Fundyman View Post
    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.
    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
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

  6. #6

  7. #7
    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

  8. #8
    Quote Originally Posted by Fundyman View Post
    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.
    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

  9. #9
    Senior Member Reputation points: 10476
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    Quote Originally Posted by Fundyman View Post
    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.
    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

  10. #10
    Senior Member Reputation points: 8447
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    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 underwriting
    Jason 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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