Merchant with excessive negative days but overdraft protection in place
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  1. #1

    Merchant with excessive negative days but overdraft protection in place

    Looking at a deal here...Merchant depositing over $100k a month... coming off a credit card advance with lockbox and wants to get into a fixed daily payment loan or advance. Has multiple negative days but has verifiable overdraft protection in place with bank. Are there any lenders/funders that will do a daily ACH deal with excessive negative days given that there is overdraft protection in place?

  2. #2
    Member Reputation points: 36
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    Sent PM.

  3. #3
    Senior Member Reputation points: 5987 Regium's Avatar
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    We consider overdraft protection in negative days.
    mike@yalber.com

  4. #4
    Cooper's underwriting analytic tool is far more heavily weighted towards returned items than negative days. Ultimately, if the merchant is going negative but not causing items to be returned, everyone is still getting paid, despite the negative days! It's a fine line, but an important distinction-

    Robert S Bloink
    EVP of ISO Partnerships
    Direct: 313-218-4663
    Email: bb@cooperasset.com
    Web: www.cooperasset.com
    logo-01smaller.jpg

  5. #5
    LoanMe will take a look at this. Because we offer MONTHLY repayments to borrowers we do not look at the number of negative days, ending daily balance, NSF fees, Number of Deposits; the same way an MCA company would. Please contact us for more information.
    LoanMe Business
    949-535-7798
    Email: Business.Loans@LoanMe.com




    www.loanme.com/SBL-partner
    1900 S State College Blvd. Suite 300
    Anaheim, CA 92806

  6. #6
    Senior Member Reputation points: 54977
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    Cresthill has funded thousand plus files with excessive Negative days Submit (email below for ISO Signup) and you'll know in HOURS after your submission!! Double Digit Commissions!


    bizdev@cresthillcapital.com

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