Customer with low deposits 125 k a month
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  1. 12-04-2024, 11:56 AM #1
    michaelh
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    Customer with low deposits 125 k a month

    Customer keeps big balances but limited deposits need 1st with weekly and longer term Any Ideas

    NY Deal 14 years in Business



    Nov 2 Deposit - 101k
    October 7 Deposits - 129k

    Sept 6 deposits - 120k


    Mike
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  2. 12-04-2024, 12:06 PM #2
    Johndough24
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    Quote Originally Posted by michaelh View Post
    Customer keeps big balances but limited deposits need 1st with weekly and longer term Any Ideas

    NY Deal 14 years in Business



    Nov 2 Deposit - 101k
    October 7 Deposits - 129k

    Sept 6 deposits - 120k


    Mike
    Fico?
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  3. 12-04-2024, 12:09 PM #3
    abfunders
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    Industry and how many deposits?
    Micah Markowitz | mmarkowitz@abfunders.com | 314-396-2828 | abfunders.com
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  4. 12-04-2024, 12:13 PM #4
    Olderguy
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    I have done a SBA 7A loan for a client that had ony a couple of deposits a month. Was some time ago. Is that an option? Minimum funding time may be 30 days and up.
    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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  5. 12-04-2024, 12:37 PM #5
    michaelh
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    Customer claims 675 - haven't pulled
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  6. 12-04-2024, 12:38 PM #6
    michaelh
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    Quote Originally Posted by abfunders View Post
    Industry and how many deposits?
    Customer keeps big balances but limited deposits need 1st with weekly and longer term Any Ideas

    NY Deal 14 years in Business



    Nov 2 Deposit - 101k
    October 7 Deposits - 129k

    Sept 6 deposits - 120k
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  7. 12-04-2024, 12:40 PM #7
    michaelh
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    Quote Originally Posted by Johndough24 View Post
    Fico?
    Customer claims 675 - haven't pulled


    High end Interior Design
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  8. 12-04-2024, 12:45 PM #8
    Olderguy
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    Run it through SmartBiz or Newity portal and see if it passes.
    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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  9. 12-04-2024, 02:09 PM #9
    WineDownWednesday
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    headway might approve them for a loc
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  10. 12-04-2024, 04:41 PM #10
    michaelh
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    Quote Originally Posted by WineDownWednesday View Post
    headway might approve them for a loc
    do you have a contact at Headway? website?
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  11. 12-04-2024, 05:17 PM #11
    WineDownWednesday
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    Heres there website incase you want to sign up https://www.headwaycapital.com/ppc/h...xoCtSwQAvD_BwE
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  12. 12-05-2024, 05:04 PM #12
    closer129
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    Quote Originally Posted by michaelh View Post
    Customer keeps big balances but limited deposits need 1st with weekly and longer term Any Ideas

    NY Deal 14 years in Business



    Nov 2 Deposit - 101k
    October 7 Deposits - 129k

    Sept 6 deposits - 120k


    Mike
    What type of industry? How long of a term are they looking for? I have funded deals sinilar to this before but will depend on the term length.
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  13. 12-06-2024, 10:10 AM #13
    AbeSiegel
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    We probably can fund it.
    Feel free to Reach out to me.
    Abe@megedfunding.com
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  14. 12-30-2024, 03:03 PM #14
    Uniteamericafund
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    We can come up with a creative offer here.
    Send over the file, and I'll have an approval for you in 15 minutes.
    Direct Funder | Unite America Fund | New York, NY.

    Leah Miller | Director of Funding Operations

    Phone: (305)-791-1775
    Email: Leah@uniteamericafund.com
    Website: uniteamericafund.com

    First Position and Up | Past Defaults | No Industry Restrictions

    Integrity | Personal Relationships | Trusted Partnerships

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