Client with mostly cash business - vending machines
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  1. 05-18-2015, 01:42 AM #1
    John Pedersen
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    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.
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  2. 05-18-2015, 10:18 AM #2
    ridextreme
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    No one will fund it if he doesn't deposit his cash. He will be approved based on his total deposits.
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  3. 05-18-2015, 11:12 AM #3
    BB_Cooper
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    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
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  4. 05-19-2015, 08:39 AM #4
    MoveAhead162@gmail.com
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    How much is his equipment worth?
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  5. 05-19-2015, 04:59 PM #5
    mpenna
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    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.com
    Last edited by mpenna; 05-19-2015 at 05:02 PM.
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