Results 1 to 5 of 5
-
10-02-2015, 11:12 AM #1
Preschool with $89K avg deposits needs $50K for expansion asap; many overdrafts
The main problem is the overdrafts and nsfs on this one. But the money is steady every month. They are paying $474/day and then about $1400/week to another company. That's the main reason for incurring so many fees.
Suffocating the merchant with $770/day isn't helping them in the least bit for anything expect high number of overdrafts.
They would need to pay off both advances, get a decent term that would allow them to comfortably pay back, and there would be no problem.
If you feel you can handle such a deal scenario, let me know by PM or email: solidmerchantsolutions@yahoo.com
-
10-03-2015, 02:30 AM #2
- Join Date
- Apr 2014
- Posts
- 781
if they are bouncing stuff now...they are showing they can't handle yet another payment. any nsfs over 3 a month is bad...
-
10-03-2015, 11:19 AM #3
- Join Date
- Jun 2014
- Posts
- 541
Cooper may be able to fund this within our consolidation program. Our underwriters are always willing to stretch the guidelines a bit for a day care/preschool. Sent you a email directly with more specific follow up-
Robert S Bloink
EVP of ISO Partnerships
Direct: 313-218-4663
Email: bb@cooperasset.com
Web: www.cooperasset.com
logo-01smaller.jpg
-
10-03-2015, 02:00 PM #4
- Join Date
- May 2015
- Location
- NC
- Posts
- 208
-
10-03-2015, 02:06 PM #5
I would recommend BFS, Credibly, or Payroll Financing Solutions, if they weren't already bouncing so many payments.
Could you ask them if they have real estate to pledge? We can probably pull this off.Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
Similar Threads
-
Expansion Capital: MIND BOGGLING REQUIREMENT-
By 1StopFunding in forum Merchant Cash AdvanceReplies: 12Last Post: 09-09-2015, 02:15 PM -
Publicly Traded Company seeking $150K for Expansion.
By ERS in forum Deal BinReplies: 6Last Post: 06-21-2015, 04:50 PM -
15k in Deposits- Avg Daily balance $609- 14 avg deposits- WHO CAN DO IT?????
By jeffcapital in forum Deal BinReplies: 8Last Post: 04-11-2015, 10:21 AM -
Expansion
By CHAMP3 in forum Financial ServicesReplies: 2Last Post: 12-03-2014, 04:16 PM -
Solid deal, $25k deposits, 7 years in biz, need approval asap
By fastapproval in forum Deal BinReplies: 3Last Post: 09-02-2014, 10:45 AM