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  1. #1

    Low revenue

    I have a client coming in today. Last 3 months he said he deposited 12k, 8k, 15k. Who funds something this small?

  2. #2
    Senior Member Reputation points: 72398 Olderguy's Avatar
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    Last I checked...

    Bitty if 3 months over $5K each
    954-477-7333

    I got a guy a merchant business credit card for $69,000 with similar revenue.
    Midwest Corporate Credit. Had Fico over 700. short TIB.
    Last edited by Olderguy; 04-09-2024 at 09:35 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.

  3. #3
    Senior Member Reputation points: 84403
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    Quote Originally Posted by hardrock View Post
    I have a client coming in today. Last 3 months he said he deposited 12k, 8k, 15k. Who funds something this small?
    You don't mention amount of funding that they are seeking?

    If they accept credit cards, a split may be a solution
    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

  4. #4
    Senior Member Reputation points: 10476
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    Nov 2019
    Posts
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    My minimum is 10k a month as long as they are keeping at least 1,000 every dat in ending daily balances. I need 4 months of statments.


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

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