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01-26-2016, 10:01 AM #1
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- Jan 2016
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Stacking
If a merchant is depositing 60k a month can they get 250k in total financing . If anyone can help in this it would be great. Merchants fico is 780. This can include startup credit line also.
1. The merchant does not own the real estate .
2. There is no other collateral to pledge .
3. They have no outstanding balance with anyone first time in the MCA market.
4. Just started the business.
IF anyone can come up with any idea or with creative financing tricks please let me know.Last edited by JasonP; 01-26-2016 at 11:05 AM.
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01-26-2016, 10:06 AM #2
Why the stacking title do they have an open balance? Looks like $250k advance on a $60k per month volume is too much money.
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01-26-2016, 10:12 AM #3
Why wouldn't you just ask if there is any way of arranging $250k of total financing? Getting $250k with cash advances when the client is supposedly doing $60k per month will not happen.
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01-26-2016, 10:14 AM #4
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- Jan 2016
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This can also include credit line for startups . They have never had any loans.
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01-26-2016, 10:16 AM #5
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- Jan 2016
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Thanks Mark i just changed the question to what you suggested.
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01-26-2016, 10:17 AM #6
if your question is can a merchant doing 60k take enough positions to reach 250k in total financing, the answer is only if they want to go out of business. The daily payment on 250k in total positions with only 60 in total income will have the merchant underwater in a couple of weeks. It just wont work
John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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01-26-2016, 10:19 AM #7
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Two questions, the answers to which will shape my answers.
1. What do they need the funds for?
2. Do they need the whole 250K upfront/all at once?
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01-26-2016, 10:27 AM #8
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- Jan 2016
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For Inventories , face lift and startup costs. Yes they would need it all upfront.
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01-26-2016, 01:01 PM #9
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01-26-2016, 01:48 PM #10
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- Jan 2016
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Thanks Chambo, is it something you can help with, if so please email me at support@atlasmarketingllc.info
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01-26-2016, 03:03 PM #11
uh....no. In other words, the merchant needs to go to the bank and apply for an SBA
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