[Quickfunder]

I have a merchant doing 35-40k in sales, in business since April.

Merchant is looking for capital to purchase more inventory for the holidays.

No store-front. No business-bank account but in the process of opening one. Customers purchase mostly through checks.

I was thinking of submitting to the lender that qualifies on Paypal but can't remember who that was.

If merchant can demonstrate 7 strong months in personal checking and opens a business checking acct, anyone willing to look at this?

[MCNetwork]

No business bank account? Is the money kept in a mattress?

[Scott Williams]

That sounds dead. I haven't ever seen a funder willing to look at personal bank statements.

[Quickfunder]

Same here. Merchant originally had a sole prop, business took off, now turning it into a corp. Sole props/personal checking isn't that uncommon, but, worst comes to worst, he just waits 4-6 mths after opening a business account to apply.

[Chambo]

different restrictions/allowances on personal accounts vs. business accounts. Too easy for the merchant to block you out

[Quickfunder]

Right, merchant has no intention of getting funded w/ a personal account and is opening business checking. Also I've been told that so far as cash advances are concerned, any advance into a personal account can be misconstrued as a personal loan (???) but I still have never heard of that happening anywhere.

[Christina]

no company will fund a merchant without a bank account.. how would they get their money back

[Quickfunder]

Merchant is opening one.

[MCA Pioneer]

Quickfunder: By this date I am assuming your customer has opened their business acccount now? If so, call me at 678-978-4625 or 866-606-4545 in Atlanta. This is Bob Gaskin, a 14 year vet in the business and a former Director at AdvanceMe for nearly nine years. We opened Superior Capital to provide higher risk deals a fair shake without gouging on fees and with more than competitive rates. Look forward to hearing from you.

[Eric S]

Did the deal get done?