Technology Company - Low transaction count
Need a Funder or Vendor? START HERE

Results 1 to 8 of 8
  1. #1

    Technology Company - Low transaction count

    Merchant seeking 1st position with weekly term. They have previous MCA clean payoff history.

    Transaction count - 1 - 2 deposits
    TIB - 6 YEARS
    FICO 620
    Revenue - 35k-50k per month

  2. #2
    Senior Member Reputation points: 27465
    Join Date
    Dec 2021
    Posts
    697

    Sounds like a Capybara deal to me. marcus@capybarausa.com (depending on the specifics we have funded low deposits).
    Marcus Clapman
    Capybara Capital
    marcus@capybarausa.com
    www.capybarausa.com
    646-708-5986 (Text Friendly!)

  3. #3
    I can help. additionally, my first position programs work like a line of credit where the merchant pays for what take and not force them to refinance or take a second position when they want more funding. contact me for more details
    TMRNOW | A Total Merchant Resources Company
    Ariel Avalos – Iso Relations Manager
    377 Hoes Lane, Suite 240, Piscataway, NJ 08854
    Phone: 347-814-6152 | Email: Ariel@tmrnow.com | Web: www.tmrnow.com

  4. #4
    Senior Member Reputation points: 96449
    Join Date
    Mar 2014
    Location
    Florida
    Posts
    3,328

    Quote Originally Posted by RightC View Post
    Merchant seeking 1st position with weekly term. They have previous MCA clean payoff history.

    Transaction count - 1 - 2 deposits
    TIB - 6 YEARS
    FICO 620
    Revenue - 35k-50k per month
    Have them improve their FICO to over 650 and then go for a Bolt Express
    Look up BayFirst in St. Pete Florida
    Dave Lambert, Business Development
    Managed Services Provider
    https://www.tsys.com
    https://www.united-internet.com
    https://www.nmi.com
    dave@fcbankcard.com
    Office: 727-233-1111
    Skype: fc-financial

  5. #5
    Senior Member Reputation points: 210649
    Join Date
    Jan 2014
    Posts
    1,426

    National used to only need 1 deposit per month, not sure if its still the same though havn't worked with them in few years

  6. #6
    Senior Member Reputation points: 20776
    Join Date
    Jun 2024
    Posts
    180

    Quote Originally Posted by Sachip24 View Post
    National used to only need 1 deposit per month, not sure if its still the same though havn't worked with them in few years
    1 deposit per month is diabolical.. imagine if an issue occurs with their ONLY source of income


    Alex Peterson
    ISO Relationship Manager, THORO CORP
    E: alex@thorocorp.com
    C: 305-502-9414

  7. #7
    Senior Member Reputation points: 210649
    Join Date
    Jan 2014
    Posts
    1,426

    Quote Originally Posted by AlexPete View Post
    1 deposit per month is diabolical.. imagine if an issue occurs with their ONLY source of income


    Alex Peterson
    ISO Relationship Manager, THORO CORP
    E: alex@thorocorp.com
    C: 305-502-9414
    yea it was sweet only needed 1 deposit per month and they paid up to 20pts ...good old days

  8. #8
    Senior Member Reputation points: 77257
    Join Date
    Dec 2015
    Posts
    705

    Quote Originally Posted by Sachip24 View Post
    National used to only need 1 deposit per month, not sure if its still the same though havn't worked with them in few years



    I'm a bit perturbed with the phrasing of this sentence. National "used to only need 1 deposit per month"

    Well how much lower can you go before the merchant is unqualified?

Similar Threads

  1. Replies: 0
    Last Post: 07-27-2016, 01:35 PM
  2. Replies: 0
    Last Post: 03-14-2016, 01:44 PM
  3. Replies: 7
    Last Post: 02-18-2016, 04:52 PM
  4. Replies: 7
    Last Post: 10-31-2014, 11:46 AM
  5. Technology driven funding company
    By Annie in forum Help Wanted
    Replies: 0
    Last Post: 07-24-2014, 01:07 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

SmartBiz acquires Centrust Bank
Cash App can now allow borrowing
SoFi inks $5B deal w/ Blue Owl Capital


DIRECTORY
The Arcade