Company that runs with a negative balance
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  1. #1
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    Company that runs with a negative balance

    Only looking for 5-10k
    Gross Annual 150k
    Has worked with other lenders
    Has an agreement with bank that they can run with a negative balance, as long as they bring the account positive 1 day out of the month.

    Anyone out there? Only message me if you can fund in house..

  2. #2
    Veteran Reputation points: 158919 J.Celifarco's Avatar
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    balance runs negative but does he have over draft or does he have a lot of bounce payments
    John Celifarco
    Managing Partner
    Horizon Funding Group

    3423 Ave S
    Brooklyn, NY 11234
    T: (347) 773-3990 | F: (718) 795-1990
    Linkedin: Profile
    Email: john@horizonfundinggroup.com

  3. #3
    Quote Originally Posted by MikeB View Post
    Only looking for 5-10k
    Gross Annual 150k
    Has worked with other lenders
    Has an agreement with bank that they can run with a negative balance, as long as they bring the account positive 1 day out of the month.

    Anyone out there? Only message me if you can fund in house..

    Mike,

    LoanMe can take a look at this. We are a direct lender and only fund in house. Declined files are never sent out to any other lenders.

    If you have any files that have been turned away from other funding sources for any of the following reasons we could help:
    - Low number of deposits
    - Low or negative ending daily balance
    - Too many NSF's
    - SIC or business type restriction
    - Time in business too young

    Or any other daily payment underwriting disqualification. Because LoanMe offers MONTHLY payments we do not scrutinize the business bank statement the same way a daily repayment company would.

    Please contact us to find out how we can help your borrower.
    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

  4. #4
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    both

  5. #5
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    Huh? If he has overdraft protection why are they bouncing?

  6. #6
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    Not really sure Michael.....

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