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09-08-2015, 10:07 AM #1
- Join Date
- Aug 2014
- Posts
- 41
Client with MULTIPLE negative banking days but good credit card sales
I have two clients that need funding. However, both have multiple negative banking days and NSF Checks (returned), but both have good monthly credit card volume. (40k and 60k per month) I have already tried all the major players and been declined for the reason stated. I need to find a lender that will do a credit card split that doesn't have a problem with poorly handled bank accounts. One client just paid off a 10 month deal with Retail. The second client has a current advance with a 17k payoff. He would like to get at least 35k so he can pay off the existing first and pocket the difference. Both clients are in the food service industry.
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