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08-31-2015, 02:33 PM #1
- Join Date
- Apr 2015
- Location
- Louisiana
- Posts
- 299
Need MCA with bad bank statements
I have a merchant that does party rentals. He purchased the business out of a "foreclosure" in January 2015 so the only history we have is the last 7 months. Last 3 months average gross deposits $50k, but has excessive NSF's last month. Processes about $20k in credit cards with Platinum Choice Bankcards. Anyone has a "starter" MCA deal for a merchant like this? Email me at sigmund@laynecap.com if you think you can help.
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08-31-2015, 02:44 PM #2
- Join Date
- May 2015
- Location
- NC
- Posts
- 208
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08-31-2015, 02:59 PM #3
- Join Date
- Apr 2015
- Location
- Louisiana
- Posts
- 299
He had 4 days negative ending daily in July, along with 25 NSF charges. In June 6 NSF-no negative daily. May his banks were clean. This is a shot in the dark.
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08-31-2015, 03:25 PM #4
If the client has sufficient collateral, I might be able to get this done. I just got a $200K approval for a deal averaging 26 NSF's per month.
Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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08-31-2015, 04:12 PM #5
- Join Date
- Nov 2014
- Posts
- 438
Sigmund,
LoanMe can take a look at this file. As you know because we are a MONTHLY repayment product, we do not value NSF's, negative days, number of deposits, ending daily balance the same way MCA's do. And we only look at the last 2 months business bank statements.Last edited by LoanMe; 08-31-2015 at 04:14 PM. Reason: additional comments
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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09-01-2015, 10:59 PM #6
- Join Date
- Apr 2014
- Posts
- 781
go to yellowstone
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