[Oxforddan]

Who will fund a check cashing store. Merchant owns 4 of them and does over 3 m monthly.

[CreditGuy]

Free UW lesson: Why is "does over $3MM monthly" a poor metric?

[mcaguru]

Cresthill Capital has funded many Check Cashing Merchants. will make offer in 3 HOURS / Pay Double Digit Commissions / Deals funded hours after Stips are in.

Signup Today
bizdev@cresthillcapital.com

[dpFund]

Oxforddan - I am in the process of funding a check cashing store right now, that does $2M per month. In this case, we are consolidating an expensive MCA, dropping his payments significantly.

Reach out if you would like to discuss.

Not a newbie. Been direct funding since 2008.

Thanks,

Dan Page
Direct: (303) 938-8280
dan@fundingstrategypartners.com

[VCF]

Tough industry (super low margin), but still doable.
How much is he looking for? Other open advances?

Let's chat / email me more info.

Good luck.

[ridextreme]

Who will fund a check cashing store. Merchant owns 4 of them and does over 3 m monthly.

3 Million monthly is the amount of checks he bought for about 3% each, so he is really grossing about 90K monthly or 22K for each store. the low margins are why they are hard to fund.

[CreditGuy]

There are also significant AML concerns with check cashing, which require further due diligence. If the business is in a HIFCA/HIDTA area, any lender in their right mind should walk away.