Consolidating 3 positions, A Paper
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  1. #1
    Senior Member Reputation points: 84416
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    Quote Originally Posted by Quickfunder View Post
    Multi-location restaurant looking to consolidate 3 positions, A paper. Having trouble finding lender who will consolidate more than two at the terms applicant requires.

    3 positions taking about 33% of revenue doing over $120K a month at each of the two locations. Total balances hovering around $80K.
    When does the applicant dictate terms?

    IF the merchant has good financials, look at a SBA Express Loan.
    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

  2. #2
    Senior Member Reputation points: 1393
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    Quote Originally Posted by Yankeeman07 View Post
    When does the applicant dictate terms?

    IF the merchant has good financials, look at a SBA Express Loan.
    Dictate terms isn't the right way to put it. It's what he needs to get on the right track and unable to take anything else. This isn't a case of trying to sell him on positions just to sub the old ones out.

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