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01-15-2015, 02:11 PM #1Member
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- Oct 2014
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- New York, NY
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Diner
Merchant has been in business for a little over 6 months.
Does about 33k a week in sales.
He is requesting about 100-150k but is flexible.
Wants 16-24 month terms
He has an advance originally for 52k and his current balance is about 37k. Which is being taking out his credit card sells.
Does anyone realistically think this is possible?
Thanks in advanceLast edited by bwadvance; 01-15-2015 at 02:13 PM.
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01-15-2015, 02:23 PM #2Veteran
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Sorry but that really isn't realistic. Nobody is going to go out 16-24 months for a business open for only 6 months. You can probably find an offer where you get close on the $ amount but I doubt you find any offers that would go out past 8 months
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01-15-2015, 03:18 PM #3Senior Member
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- Connecticut
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Maybe with collateral, I doubt anybody will offer that straight up.
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01-15-2015, 07:35 PM #4Member
Reputation points: 10
- Join Date
- Sep 2014
- Posts
- 27
Diner
we tend to base it more on the cash flow, being a direct bank. if you wanna send it over, I will deff see what we can do!!! 860-436-5920 / kmacdonald@wbl.com
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