Credit card splits
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  1. #1
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    Credit card splits

    Are there any lenders that do credit card split Consolidations?

  2. #2
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    You obviously are asking other than Quikstone that normally needs net 75%?

  3. #3
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    Yes other than

  4. #4
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    Elevate and MCG offer CC splits.

  5. #5
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    Quote Originally Posted by Fundthis! View Post
    Are there any lenders that do credit card split Consolidations?
    I do cc splits on all positions if the merchant is not over extended and has good daily balances. I need to know how many positions the merchant has. What the balances are. What the monthly revenue is and how the daily balances look.


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

  6. #6
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    Quote Originally Posted by Fundthis! View Post
    Are there any lenders that do credit card split Consolidations?
    A cc split could be utilized IF they have enough average monthly volume to pay off existing positions
    and net the merchant 50%+

    In most cases since the merchant is looking to consolidate, that indicates a decrease in revenue. Not a good omen for the business.
    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

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