Results 1 to 5 of 5
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03-27-2024, 09:27 AM #1
- Join Date
- Aug 2017
- Posts
- 17
Looking to place an MCA deal with 3 million in annual deposit volume, needs $100k
Building materials supplier with variable monthly deposits needs funding .
Here are what recent monthly deposits look like :
Nov $211,000 deposits
Dec $302,000
Jan $113,000
Feb $36,000
And so far this month deposits for March deposits are about $185,000
However last month ( February is historically the worst month ) the Merchaht had 6 nsf last month because an auto debit she started paying manually with a check (for insurance payments) kept debiting her account even though they were now being paid via checks the Merchaht sends them .
In February on 3 different days the merchant had items returned (nsf) for non sufficient funds and the merchant had 2 days that she had a negative ending bank account balance. None of the negative bank balance or NSF days are consecutive.
If this is something you are confident you can fund let me know . This file has already been approved for small amounts but the Merchaht wants between $40,000 in funding to $100,000 in funding preferably.
There are no NSFs or negative days this month and In summer months the Merchaht see deposits soar to over half a million dollars a month .
If you can find this email me at adam.c@guaranteedbusinessfunding.org
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03-27-2024, 10:08 AM #2
$3M in annual deposits and wants a MCA?
Have you contemplated better options?
Seasonal business - get 12 months bank statements
Real basic maybe try and go to SmartBiz and try for a LOC or term loan?Last edited by Olderguy; 03-27-2024 at 10:13 AM.
Steve Benjamin
Professional Business Loans
522 Contessa
Irvine, CA 92620
steveprobiz@gmail.com
https://probizloans.net/
Broker, Underwriter, general business loan expert
949.228.1050
@ 24 hour funding working capital loans
@ Term loans from 3 years to 10 years at 9.5% and up
@ Equipment financing up to 7 years
@ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
@ SBA loans - 7A and 504.
@ Private money equity and debt for major investments
@ Personal Loans up to gross income from personal tax return.
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03-27-2024, 11:08 AM #3
- Join Date
- Apr 2020
- Posts
- 127
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03-27-2024, 02:32 PM #4
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,939
IF they really want a MCA - consider a credit card split
We would need the to see last summer bank and credit card statements.
But, I would agree with Steve, I would go for a better product if they qualify
SBA Bolt - a Term 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
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03-27-2024, 02:48 PM #5
- Join Date
- Jul 2015
- Location
- Tampa Florida
- Posts
- 498
We can consider on credit card split MCA. We are usually fine with some NSF's and Negative days in the bank.
Soft Offer:
Signed application
Most recent 6 months credit card processing statements
February business bank and March MTD business bankJason 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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