Restaurant Merchant looking to...
Need a Funder or Vendor? START HERE

Results 1 to 7 of 7

Hybrid View

  1. #1

    Restaurant Merchant looking to...

    Restructure her existing MCA, loves CC holdback but needs to stay where she's at in regards to remit -

    Currently owing 14k - on an MCA deal with an 18% Remit looking for additional funds to finish a project. I'm aware she has to net 50% of an advance for a lot of companies - Anybody that can go lower? Or perhaps somebody that can go 150% of card sales because it's a favorable industry?

    Sales:
    $22,000.00 in sales for June. $13,500.00 was CC. $2181.20 Paid to lender.
    Over 10k in CCs for July MTD.
    She processes on the First Data Omaha Platform, and I am looking for somebody that will buy out the position, let her net at least 5k, and leave the Remit at or very close to 18%. She wasn't closable on 22% holdback, and will only do an ACH if its going to be for 19k total.

    Any advice on direct lenders that may be able to help her out? It's tight, but there must be somebody who can get it done.

    Inbox me if you need more info, or leave contact info here.

    Real advice or lenders only -

    No Dionte Kionte @ Gmail because I heard he was a rapist

    Thanks

  2. #2
    Senior Member Reputation points: 4603
    Join Date
    May 2015
    Location
    Long Island
    Posts
    247

    I was just about to say I think Dionte Kionte can def get this done

  3. #3
    Senior Member Reputation points: 3956
    Join Date
    Jul 2015
    Posts
    120

    I can open a second position for and fund anywhere from10 to 14k based off of credit card volume.
    Shoot me an email

    Brent@jdmerchantcapitalllc.com

  4. #4
    Quote Originally Posted by Money2Fund View Post
    I can open a second position for and fund anywhere from10 to 14k based off of credit card volume.
    Shoot me an email

    Brent@jdmerchantcapitalllc.com
    I'm not falling for that one Mr. Kionte!

  5. #5
    Senior Member Reputation points: 3956
    Join Date
    Jul 2015
    Posts
    120

    this is not mr. kionte, nor do I know who he is.
    as stated my name is Brent at JD merchant Capital, call my direct line
    (860) 947-9905
    Thank you

  6. #6
    Senior Member Reputation points: 14
    Join Date
    Apr 2015
    Posts
    188

    Quote Originally Posted by PJLamar38 View Post
    Restructure her existing MCA, loves CC holdback but needs to stay where she's at in regards to remit -

    Currently owing 14k - on an MCA deal with an 18% Remit looking for additional funds to finish a project. I'm aware she has to net 50% of an advance for a lot of companies - Anybody that can go lower? Or perhaps somebody that can go 150% of card sales because it's a favorable industry?

    Sales:
    $22,000.00 in sales for June. $13,500.00 was CC. $2181.20 Paid to lender.
    Over 10k in CCs for July MTD.
    She processes on the First Data Omaha Platform, and I am looking for somebody that will buy out the position, let her net at least 5k, and leave the Remit at or very close to 18%. She wasn't closable on 22% holdback, and will only do an ACH if its going to be for 19k total.

    Any advice on direct lenders that may be able to help her out? It's tight, but there must be somebody who can get it done.

    Inbox me if you need more info, or leave contact info here.

    Real advice or lenders only -

    No Dionte Kionte @ Gmail because I heard he was a rapist

    Thanks
    look us up at instafundllc.com and when your ready shoot me an email at nathaniel@instafundllc.com and talk

  7. #7
    Member Reputation points: 10
    Join Date
    Jul 2015
    Location
    Michigan
    Posts
    36

    Hey JPLamar,

    What is her average total (CC and cash) sales per month?
    What is the FICO?
    Time in business?

    I believe that we could fund her a sufficient amount to payoff the existing MCA and cash out at least $5K. Willing to help if we can.

    Thanks,
    Tony
    Tony Colón
    Business Funding Specialist
    248-743-5127
    tcolon@leasecorp.com
    www.LeaseCorp.com

Similar Threads

  1. ** Restaurant Looking for $300k
    By Jstarr in forum Deal Bin
    Replies: 6
    Last Post: 05-13-2015, 05:59 PM
  2. restaurant looking for CC deal
    By mrcash420 in forum Deal Bin
    Replies: 5
    Last Post: 03-02-2015, 05:22 PM
  3. Restaurant needing MCA Only
    By 1StopFunding in forum Deal Bin
    Replies: 1
    Last Post: 03-02-2015, 05:19 PM
  4. Vancouver Restaurant
    By Better Business in forum Deal Bin
    Replies: 0
    Last Post: 02-27-2015, 10:54 PM
  5. Restaurant merchant in US Virgin Islands
    By ntgrty in forum Merchant Cash Advance
    Replies: 0
    Last Post: 06-09-2014, 03:51 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

Blue Owl Capital acquires Atalaya
Kansas added to disclosure service tool
FIS launches SMB digital lending


DIRECTORY