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09-16-2015, 05:57 PM #1
- Join Date
- Jul 2015
- Posts
- 215
check cashing store
Who will fund a check cashing store. Merchant owns 4 of them and does over 3 m monthly.
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09-16-2015, 06:17 PM #2
- Join Date
- Sep 2014
- Posts
- 430
Free UW lesson: Why is "does over $3MM monthly" a poor metric?
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09-16-2015, 06:22 PM #3
- Join Date
- Dec 2013
- Posts
- 4,713
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
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09-17-2015, 10:15 AM #4
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
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
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09-17-2015, 10:38 AM #5
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09-17-2015, 10:45 AM #6
- Join Date
- Apr 2015
- Posts
- 42
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.Ron Hizkiyahu
Business Development & ISO Relations
VitalCap Fund | 48 Wall St. | New York, NY 10005
P. 212.994.6996 Ext.101 | F. 646.219.7949
ron@vitalcapfund.com
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09-17-2015, 11:15 AM #7
- Join Date
- Sep 2014
- Posts
- 430
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.
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