Cross Collateralize
Need a Funder or Vendor? START HERE

Results 1 to 20 of 20

Hybrid View

  1. #1
    Yes separate accounts. Separate entities.

  2. #2
    Senior Member Reputation points: 242074
    Join Date
    Feb 2017
    Posts
    3,463

    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)?

  3. #3
    Senior Member Reputation points: 118833 ridextreme's Avatar
    Join Date
    Dec 2014
    Posts
    1,121

    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?

Similar Threads

  1. Cross-Collateralized Reverse?
    By phunder in forum Merchant Cash Advance
    Replies: 8
    Last Post: 06-25-2024, 11:28 AM
  2. Replies: 2
    Last Post: 01-22-2021, 02:45 PM
  3. Collateralize lenders or funders???
    By Kevin Franklin in forum All Other Lending
    Replies: 1
    Last Post: 12-21-2017, 01:28 PM
  4. Cross Collateralize two businesses
    By Sachip24 in forum Merchant Cash Advance
    Replies: 2
    Last Post: 06-07-2017, 05:19 PM
  5. Replies: 3
    Last Post: 08-20-2014, 03:08 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

Blue Owl Capital acquires Atalaya
Kansas added to disclosure service tool
FIS launches SMB digital lending


DIRECTORY