*** Liquor store with bounced checks............MCA maybe?
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  1. #1

    *** Liquor store with bounced checks............MCA maybe?

    Looking for a home for a liquor store that has an existing balance (@$13K), does @$1 million a year in sales, but bounces checks. He is clearing that up, but needs additional funding.

    I was thinking of an MCA product. Anybody know someone that would do this?

    Thank you.
    Founder ACA Academy - Educating Sales Professionals to Succeed in the Alternative Lending Industry

    Author of Forthcoming Book - "The Lil' Black Book"

    klamere@acafundingusa.com
    (608)312-3685


    To see Keith's LinkedIn Profile Click Here ------->https://www.linkedin.com/profile/vie...ve_tab_profile

  2. #2
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    Quote Originally Posted by BusinessLendingMadeSimple View Post
    Looking for a home for a liquor store that has an existing balance (@$13K), does @$1 million a year in sales, but bounces checks. He is clearing that up, but needs additional funding.

    I was thinking of an MCA product. Anybody know someone that would do this?

    Thank you.
    how much is he processing a mth?

  3. #3
    Board him with North American Bancard, and then we'll do the MCA on his CC sales for you. Dependent upon his processing volume, but @ $80k per mo in gross sales, a good portion of that has to be CC sales.

    Bob Racette ETA,CPP
    Senior Account Executive
    O: 866.506.8568 ext. 1925
    C: 248.404.8044
    F: 248.283.6053


    250 Stephenson Hwy | Troy, MI 48083

  4. #4
    Senior Member Reputation points: 32658 Zach's Avatar
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    With real estate collateral, World Business Lenders can handle files that have a lot of NSF activity.

    LoanMe is also good with those.
    Zachary Ramirez – CEO
    Phone: 562-391-7099
    Email: zach@zacharyjosephramirez.com

    1661 N. Raymond Ave #265
    Anaheim CA 92801

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