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  1. #1
    Merchant owns two gas stations. Separate entities. One does 250k a month and the other does 450k. He wants to fund the one doing 250k, but it has lower balances. He's willing to put the one doing 450k up for collateral. Looking for MCA deal.

  2. #2
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    Quote Originally Posted by ifundtrucking View Post
    Merchant owns two gas stations. Separate entities. One does 250k a month and the other does 450k. He wants to fund the one doing 250k, but it has lower balances. He's willing to put the one doing 450k up for collateral. Looking for MCA deal.
    Obviously not for us
    Kevin Henry
    VP-Business Development
    Seacoast Business Funding, a division of Seacoast Bank
    561-850-9346
    Kevin.Henry@SeacoastBF.com
    1880 N Congress Ave., Suite 404
    Boynton Beach, FL 33426

  3. #3
    Quote Originally Posted by ifundtrucking View Post
    Merchant owns two gas stations. Separate entities. One does 250k a month and the other does 450k. He wants to fund the one doing 250k, but it has lower balances. He's willing to put the one doing 450k up for collateral. Looking for MCA deal.
    We will gladly have a look at the file. Send me an email to alex@thorocorp.com and we will take it from there.

  4. #4
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    Quote Originally Posted by ifundtrucking View Post
    Merchant owns two gas stations. Separate entities. One does 250k a month and the other does 450k. He wants to fund the one doing 250k, but it has lower balances. He's willing to put the one doing 450k up for collateral. Looking for MCA deal.
    Are the gas and the convenience store accounts separate? Just throwing this question out there for you to understand that 450k combined vs 450k in just convenience store are completely separate files!

  5. #5
    Yes separate accounts. Separate entities.

  6. #6
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    Quote Originally Posted by ifundtrucking View Post
    Yes separate accounts. Separate entities.
    He has two gas stations, different entities.
    I'm saying that funders don't look at the deposits for gas, because the profit margins are SO small.
    They need to see the convenience store deposits only.
    So what I'm saying more clearly is: Are there 4 bank statements (2 for each), or only 2 (1 for each)?

  7. #7
    Senior Member Reputation points: 118256 ridextreme's Avatar
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    Quote Originally Posted by ifundtrucking View Post
    Yes separate accounts. Separate entities.
    1. Does the gas station have a convenience store?
    2. Do they do auto repair?
    3. Do the 250K and 450K deposits include gasoline sales?

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