Results 1 to 25 of 32
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12-18-2015, 02:58 PM #1
- Join Date
- Dec 2015
- Location
- Los Angeles, CA
- Posts
- 121
150k Capital Deal Need Funded Asap!
I have a client that last year grossed $2,000,000 and this year has already grossed $4,000,000.
Been in business 2+ years, 700 credit, only problem is they have 12 NSFs
Looking for $150,000, WHO WANTS TO FUND IT?
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12-18-2015, 03:18 PM #2
- Join Date
- Jul 2014
- Posts
- 196
150k Capital Deal Need Funded Asap!
Why the NSF's? Credit and revenue are excellent. Do they have other advances? I can get him 150k no problem just need to know why the NSF's so we can approve him at a good rate.
Mike@SamsonPartnersLLC.com
Office 347-492-1801
Cell 917-689-1502
Fax 718-304-1163
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12-18-2015, 03:19 PM #3
With real estate collateral, WBL can, in many cases, overlook negative factors that other funds might be forced to decline, such as:
1. NSF Activity
2. Sub-500 FICO
3. Low TIB or NO TIB
4. Client requires multiple months of no payments or a balloon payment structure
5. Client plans on acquiring a new business but does not have existing cashflow
We can likely provide this client 300-600K if he has the collateral. Feel free and reach me using the contact info below.Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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12-18-2015, 03:46 PM #4
- Join Date
- Dec 2015
- Location
- Los Angeles, CA
- Posts
- 121
The client has never taken out a cash advance so this would be a first position (I know it's more rare than a unicorn) the NSF are not on the main account but the second one. He Opened a new account 4 months ago that he was transferring to from the main account .
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12-18-2015, 03:49 PM #5
- Join Date
- Jul 2014
- Posts
- 1,746
Yeah, what's the story with the NSF's if the guy is such gold balls?
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12-18-2015, 04:30 PM #6
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12-18-2015, 05:20 PM #7
- Join Date
- Jul 2014
- Posts
- 196
150k Capital Deal Need Funded Asap!
So why did he open a new account and why is that one just negative? How much is he depositing in the new account compared to the main one? Now is the new account getting deposits from income or is it just straight transfers?
Mike@SamsonPartnersLLC.com
Office 347-492-1801
Cell 917-689-1502
Fax 718-304-1163
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12-18-2015, 06:24 PM #8
150k Capital Deal Need Funded Asap!
bfs
Jerry Starr
Insource Funding
433 Plaza Real,
Boca Raton, Fl 33432
P: 800-805-3391 Fx: 561-270-6895
insourcefunding.net
WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL
◆ 50% LTV - No Fico Required
◆ 90% CLTV on Purchases
◆ Investment Residential / Commercial Properties
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12-18-2015, 08:08 PM #9
- Join Date
- Jul 2014
- Posts
- 1,746
150k Capital Deal Need Funded Asap!
Lockbox is probably your only hope Obi Wan Kenobi.
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12-21-2015, 11:53 AM #10
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12-21-2015, 12:02 PM #11
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
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12-21-2015, 12:24 PM #12
- Join Date
- Oct 2013
- Location
- New York, NY
- Posts
- 1,203
Couldn't have said it better myself. Evry day I get an ISO asking why when a guy is depositing 400K he only was approved for 25K. Simple response: Because that's what he can afford.
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12-21-2015, 01:28 PM #13
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- Jul 2014
- Posts
- 1,746
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12-21-2015, 02:12 PM #14
- Join Date
- Oct 2013
- Location
- New York, NY
- Posts
- 1,203
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12-21-2015, 02:21 PM #15
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
150k Capital Deal Need Funded Asap!
Getitfunded might find more success by letting us know the company's business to see if a non- .ca product would work.
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12-21-2015, 02:26 PM #16
- Join Date
- Jun 2015
- Posts
- 3,327
profit margins and managing your accounts , do not always go hand in hand . I have seen business with great profit margins just really bad in transferring money in and out and making sure checks will be cleared .
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12-21-2015, 02:55 PM #17
- Join Date
- Oct 2013
- Location
- New York, NY
- Posts
- 1,203
If a merchant can't keep the account running positive that would, in my opinion, point to a deeper issue of not fully understanding/ have the toos to run a business successfully. And that in turn would raise my "risk" flag really quickly.
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12-21-2015, 03:15 PM #18
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- Jul 2014
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- 1,746
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12-21-2015, 03:38 PM #19
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- Jun 2015
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- 3,327
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12-21-2015, 03:42 PM #20
- Join Date
- Jul 2014
- Posts
- 1,746
150k Capital Deal Need Funded Asap!
^how so? Are you saying "A" lenders are more forgiving than lower tier lenders when it comes to NSF and negative activity?
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12-21-2015, 03:42 PM #21
- Join Date
- Jun 2015
- Posts
- 3,327
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12-21-2015, 03:44 PM #22
- Join Date
- Jun 2015
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- 3,327
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12-21-2015, 03:53 PM #23
- Join Date
- Jul 2014
- Posts
- 1,746
150k Capital Deal Need Funded Asap!
How hard is it to have the accounts linked to each other to prevent overdrafts? This is modern accounting 101.
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12-21-2015, 04:07 PM #24
- Join Date
- Oct 2013
- Location
- New York, NY
- Posts
- 1,203
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12-21-2015, 04:15 PM #25
- Join Date
- Jun 2015
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