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  1. #1

    lockbox deal

    restaurant has 2 advances, 95% of sales is credit cards. Avgs 71k in credit sales. 920k in gross annual sales. Looking to pay off the 2nd advance balance of 60k and get a lock-box deal. Direct lenders only.

  2. #2
    Try Credibly.

  3. #3
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    Quote Originally Posted by ddm View Post
    restaurant has 2 advances, 95% of sales is credit cards. Avgs 71k in credit sales. 920k in gross annual sales. Looking to pay off the 2nd advance balance of 60k and get a lock-box deal. Direct lenders only.
    So she's looking to pay off the 2nd of $60,000? Even if someone would do that she would probably have to be approved for $120k on a 2nd behind another advance when shes doing less than $80k in sales a month, thats not likely.

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