Results 1 to 6 of 6
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03-08-2016, 03:17 PM #1
- Join Date
- Apr 2014
- Location
- Chicago, IL
- Posts
- 185
NSFs and $20K per month
Hello Direct Lenders:
We have an D/F paper deal. 20K per month, ADB (normalized over 4 months) is $1563/month and the average is 7 deposits with some months the deposits being as low as 4. The industry is home healthcare. The issue is that in February the merchant had 7 NSFs with 5 days being spent in the negative. Prior to that they seem to have no more than 5 NSFs per year as Dec/Jan were clean.
No real estate. Help much appreciated.
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03-08-2016, 03:21 PM #2
Hi,
This would be something that we would look at. We require a minimum of $10k in deposits a month, $1k ADB, a minimum of 3 deposits a month. You can reach me directly at 713-529-2570 and ask for Kevin or reach out to me via email kdinh@accordbf.com
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03-08-2016, 03:37 PM #3
- Join Date
- Nov 2014
- Posts
- 438
LoanMe can take a look at this. With our monthly payments we do not look at NSF fees the same way a daily repayment product does.
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
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03-08-2016, 04:08 PM #4
- Join Date
- Jun 2015
- Location
- Gainesville, FL
- Posts
- 201
We can take a look at this as well.
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03-08-2016, 04:13 PM #5
- Join Date
- Oct 2013
- Location
- New York, NY
- Posts
- 1,203
Who are you guys kidding, there are 3-4 places that are direct lenders in the space that will fund this deal....
My company YSC happens to be one of them but I am not going to waste my time because the deal is declined from jump street...and here is why....
This member of the forum has relqationships with anyone that would fund this type of file and if they don't then the deal is dead anyways...call a spade a spade.
BCM...whats the catch with this deal, I checked you out and you have connections with all the b-F funders...why come to the board? before everyone chases this deal.
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03-08-2016, 04:35 PM #6
- Join Date
- Apr 2014
- Location
- Chicago, IL
- Posts
- 185
Beyond what i stated, there is no catch. We're predominantly a SBA and startup funder. We started a MCA/ACH vertical to feed into our SBA program. We have relationships with most of the major lenders but often there's something that falls that's outside the matrix.
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