Results 1 to 6 of 6
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03-15-2016, 09:50 AM #1
- Join Date
- Nov 2014
- Posts
- 62
Merchant avg around $85k per month - scale out
The merchant reported inconsistent/low volume for the recent months and shows over 50% drop of deposits. Below are the monthly deposits.
The company provides high end LED lighting...
The sales cycle is quite long, 6-8 weeks to be paid on a job. the Chinese new year elongated that cycle a bit in recent months
Mar - Positive
FEB $22,079.00
JAN - $0
DEC $35,135.26
NOV $0
OCT $332,954.16
Fico: 750
Don't know if anyone could get Merchant funded but let me know.
Email: McFaddenNab@gmail.comLast edited by mrmcfadden; 03-15-2016 at 06:05 PM.
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03-15-2016, 09:53 AM #2
- Join Date
- Sep 2012
- Location
- New York, NY
- Posts
- 1,780
You'd need to get a full year of statements and tax returns/financials to see what he's eligible for.
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03-15-2016, 09:57 AM #3
A lot of additional info is needed
What type of business?
Why does he have zero deposits Nov & Jan?
Time in business?
Seasonal?
NSFs?
Overdrafts?
Negative days?
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03-15-2016, 10:10 AM #4
- Join Date
- Sep 2015
- Location
- Miami, Fl
- Posts
- 148
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03-15-2016, 10:53 AM #5
- Join Date
- Dec 2013
- Posts
- 4,713
Cresthill Capital would be a good option Plus you'll know in 3 hours (give or take) and we pay Double Digit commissions!!
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
覧覧覧覧覧覧覧覧覧覧覧覧覧
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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03-15-2016, 06:05 PM #6
- Join Date
- Nov 2014
- Posts
- 62
The company provides high end LED lighting...
The sales cycle is quite long, 6-8 weeks to be paid on a job. the chinese new year elongated that cycle a bit in recent months
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