Preschool with $89K avg deposits needs $50K for expansion asap; many overdrafts
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  1. #1
    Senior Member Reputation points: 20465 Fundyman's Avatar
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    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

  2. #2
    Senior Member Reputation points: 18402
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    if they are bouncing stuff now...they are showing they can't handle yet another payment. any nsfs over 3 a month is bad...

  3. #3
    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

  4. #4
    Quote Originally Posted by BB_Cooper View Post
    Cooper may be able to fund this within our consolidation program.
    Could you please elaborate on this program?

  5. #5
    Senior Member Reputation points: 32658 Zach's Avatar
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    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

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