What lenders are out there that don't care about the number of monthly deposits?

**Kevinthecloser** · 01-06-2016, 11:04 AM

I have a merchant that has over 100,000+ ending monthly balance. They are seasonal and some months do no make any deposits. Which lenders are out there that would just focus on their month ending balance vs. deposits? Thanks

**AndyYSCISOdept** · 01-06-2016, 11:18 AM

Ysc

**MatthewAStucchio** · 01-06-2016, 11:32 AM

Originally Posted by Kevinthecloser

I have a merchant that has over 100,000+ ending monthly balance. They are seasonal and some months do no make any deposits. Which lenders are out there that would just focus on their month ending balance vs. deposits? Thanks

WBL is very lenient on deposits especially with high ending balances. As long as client is willing to pledge real estate with some equity we would can take a look and maybe even structure a staggered debt schedule to accommodate the business cyclical nature. Thanks

**MikeC524** · 01-06-2016, 11:43 AM

How many months are they without deposits? With ending balances like that we can fund it. Please contact me for further assistance on this file.

Mike@SamsonPartnersLLC.com
347-492-1801

**bdshaw** · 01-06-2016, 12:42 PM

Kevin, perhaps there's another financials vehicle that would work better for your client. What is their business?
Bob Shew
734-929-3800
rshaw@advancecredit.com

**LoanMe** · 01-06-2016, 02:38 PM

LoanMe's minimum number of deposits is one(1).

Because we offer MONTHLY repayments on our term loans; when it comes to the business bank statements we simply look at gross business deposits (Volume) on the last 2 months statements. Daily/weekly repayment products have the need to look at number of deposits because of the frequency in which they pull their payments. LoanMe also does not look at the other typical MCA UW criteria's the same way.

Things like:
1.) Number of negative days
2.) Ending daily balance
3.) NSF's
4.) And of course # of deposits

Please contact us for more information to see if we can help your client.

**Worldwide Capital** · 01-09-2016, 10:33 PM

I think you should try NATIONAL FUNDING from San Diego Ca

**RichardGerard** · 01-10-2016, 07:39 AM

Kevin,

While the posts above describe great alternatives, if your client has 100k balances and needs Capital for seasonal growth there are plenty of lenders that will write 3-10 year terms with interest rates from 6% given the commensurate financials.

Whether it's this deal or another feel free to touch base for assistance..

Richard 516 510 3855

www.businesscapitalconsultants.com

775 Park Avenue Suite 255
Huntington, NY 11743

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