Results 1 to 6 of 6
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07-28-2015, 03:03 PM #1
- Join Date
- Jul 2015
- Location
- LIC
- Posts
- 11
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..
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07-28-2015, 03:15 PM #2
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
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07-28-2015, 03:50 PM #3
- Join Date
- Nov 2014
- Posts
- 438
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
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07-28-2015, 04:26 PM #4
- Join Date
- Jul 2015
- Location
- LIC
- Posts
- 11
both
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07-28-2015, 10:49 PM #5
- Join Date
- Jun 2015
- Posts
- 3,326
Huh? If he has overdraft protection why are they bouncing?
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07-29-2015, 05:45 PM #6
- Join Date
- Jul 2015
- Location
- LIC
- Posts
- 11
Not really sure Michael.....
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