Results 1 to 5 of 5
-
05-18-2015, 01:42 AM #1
- Join Date
- Feb 2015
- Location
- Norwood, Massachusetts, United States
- Posts
- 13
Client with mostly cash business - vending machines
Hello, I have a client with 2 businesses that are mostly cash. Vending machines. Who would be the best to lend on a mostly cash business like a vending machine business? Bank statements do not seem to reflect true value of business.
-
05-18-2015, 10:18 AM #2
No one will fund it if he doesn't deposit his cash. He will be approved based on his total deposits.
-
05-18-2015, 11:12 AM #3
- Join Date
- Jun 2014
- Posts
- 541
Underwriters back into a business's gross revenue figures based on deposited amounts. The likely existence of un-deposited receipts may increase the % of gross receipts a company is willing to buy. But the offer amount is always going to be a function of the gross deposited revenue-
Robert S Bloink
EVP of ISO Partnerships
Direct: 313-218-4663
Email: bb@cooperasset.com
Web: www.cooperasset.com
logo-01smaller.jpg
-
05-19-2015, 08:39 AM #4
- Join Date
- Aug 2014
- Posts
- 65
How much is his equipment worth?
-
05-19-2015, 04:59 PM #5
- Join Date
- May 2015
- Location
- Staten Island, NY
- Posts
- 16
John, I sent you an PM.
Michael Penna
Funding Specialist
855-676-6687 Main
718-989-9204 Fax
718-412-9032 Direct
917-885-0194 Cell
Email mpenna@rocfundinggroup.comLast edited by mpenna; 05-19-2015 at 05:02 PM.
Similar Threads
-
Asset Lender Needed - Pinball Machines and Construction Equipment
By John Pedersen in forum All Other LendingReplies: 2Last Post: 05-20-2015, 04:02 PM -
Are you a newbie to the business cash advance industry?
By AndreaM in forum Deal BinReplies: 2Last Post: 04-29-2015, 06:19 PM -
Need cash for your business?
By Eddie Money in forum PromotionsReplies: 0Last Post: 04-23-2015, 05:22 PM -
Vending machine companie
By cjbreaux33 in forum Merchant Cash AdvanceReplies: 2Last Post: 02-02-2015, 05:50 PM