Cash Checking
Need a Funder or Vendor? START HERE

Results 1 to 7 of 7
  1. #1

    Cash Checking

    I have an A paper Cash Checking deal. He does $10 million a month in deposits.

    Which lenders are willing to do Cash Checking?

  2. #2
    ..
    Last edited by ShawnN; 09-04-2015 at 09:10 AM.

  3. #3
    Senior Member Reputation points: 23702
    Join Date
    Jul 2014
    Posts
    1,746

    Quote Originally Posted by len@accfunding.com View Post
    I have an A paper Cash Checking deal. He does $10 million a month in deposits.

    Which lenders are willing to do Cash Checking?
    Did I read that right? He does 120 million a year, and he's talking to you why?

  4. #4
    Senior Member Reputation points: 3824
    Join Date
    Oct 2014
    Posts
    257

    Cash Checking

    Check cashing stores have notoriously low margins but this guy should be pulling 2-4 million net income depending on how large the checks he is cashing. Smaller has better margins and less regulations where as larger have more regulation and slimmer margins. This most likely doesn't fit my company's lending criteria but nice find!

  5. #5

    Cash Checking

    LoanMe does not have any restricted business's types as long as they are a "For-Profit" business. We will take a look at this Check Cashing merchant.
    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: 307559
    Join Date
    Jun 2015
    Posts
    3,322

    Loan me can fund you 100k(not sure how much that will help ) . but the right way to go is to get full financials and address the concerns the lenders have with profit margin for those type of business . good luck and let me know if you want help we can split the commission .

  7. #7
    Veteran Reputation points: 135672 Chambo's Avatar
    Join Date
    Sep 2012
    Location
    New York City
    Posts
    3,189

    Quote Originally Posted by len@accfunding.com View Post
    I have an A paper Cash Checking deal. He does $10 million a month in deposits.

    Which lenders are willing to do Cash Checking?
    Has $10 million a month in deposits? Great....what are the margins? Most check cashing places charge what? 1.5%-3% on the cashed checks? That $10 million just dropped to 150-300K a month. Still formidable for this industry, but hardly as eye popping as originally thouoght

Similar Threads

  1. Replies: 5
    Last Post: 06-03-2015, 07:02 AM
  2. AVP Cash Solutions--Merchant Cash Advance
    By AVP Solutions in forum Merchant Cash Advance
    Replies: 0
    Last Post: 10-31-2013, 12:57 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

Lendistry welcomes new CFO
LegalZoom partners w/ businessloans.com
iBusiness Funding acquires Funding Circle


DIRECTORY