NSFs and $20K per month
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  1. #1
    Senior Member Reputation points: 752
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    Apr 2014
    Location
    Chicago, IL
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    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.

  2. #2
    Senior Member Reputation points: 3366 Accord Business Funding's Avatar
    Join Date
    Feb 2016
    Location
    Houston, Texas
    Posts
    152

    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

  3. #3
    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

  4. #4
    Senior Member Reputation points: 13812
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    Jun 2015
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    Gainesville, FL
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    We can take a look at this as well.

  5. #5
    Senior Member Reputation points: 10944
    Join Date
    Oct 2013
    Location
    New York, NY
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    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.

  6. #6
    Senior Member Reputation points: 752
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    Chicago, IL
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    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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