Merchant avg around $85k per month - scale out
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  1. #1

    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.com
    Last edited by mrmcfadden; 03-15-2016 at 06:05 PM.

  2. #2
    Senior Member Reputation points: 99426
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    You'd need to get a full year of statements and tax returns/financials to see what he's eligible for.

  3. #3
    Senior Member Reputation points: 118209 ridextreme's Avatar
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    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?

  4. #4
    Senior Member Reputation points: 2165
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    Miami, Fl
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    Quote Originally Posted by ridextreme View Post
    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?
    Agreed, not enough info here to give you a good answer. Do any of your merchants give you a hard time for a gmail address? It's like $10 a month for a company email via Google.

  5. #5
    Senior Member Reputation points: 54989
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    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

  6. #6
    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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