Hair salon--good numbers, 1st position but...
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  1. #1

    Hair salon--good numbers, 1st position but...

    All business activity is flowing in and out of a personal account. It's at USAA Bank where they don't offer business/commercial accounts so the owner used a personal account type. With that said, she has NOT intermingled personal and business expenses. In other words, even though she has a personal bank account type, she uses it only for the business.

    Average Daily Balance above $10k

    Can any direct funders work through this issue ?

  2. #2
    Senior Member Reputation points: 30475 Zach's Avatar
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    LoanMe
    Zachary Ramirez – CEO
    Phone: 562-391-7099
    Email: zach@zacharyjosephramirez.com

    1661 N. Raymond Ave #265
    Anaheim CA 92801

  3. #3
    Quote Originally Posted by Zach View Post
    LoanMe
    Unfortunately we cannot look at this account. It must be a business bank account open and active for at least 2 months. (60days)
    LoanMe Business
    949-535-7798
    Email: Business.Loans@LoanMe.com




    www.loanme.com/SBL-partner
    1900 S State College Blvd. Suite 300
    Anaheim, CA 92806

  4. #4
    Senior Member Reputation points: 30475 Zach's Avatar
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    Oops. I figured you would swap it to your personal loan side
    Zachary Ramirez – CEO
    Phone: 562-391-7099
    Email: zach@zacharyjosephramirez.com

    1661 N. Raymond Ave #265
    Anaheim CA 92801

  5. #5
    Quote Originally Posted by Zach View Post
    Oops. I figured you would swap it to your personal loan side
    Problem with that is they can't pay commissions on personal loans to brokers.

  6. #6

    Hair salon--good numbers, 1st position but...

    Unless you put a finders fee in place on the backend with the client.
    Doran M. Summers
    Small Business Loans & Commercial Loans
    3960 Howard Hughes Parkway Suite #500
    Las Vegas, NV 89169
    Doran@DoranSummers.com
    Www.DoranSummersFunding.com
    217.799.0156

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