Restaurant - Negative all of the time
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  1. #1

    Restaurant - Negative all of the time

    Restaurant Averaging 90k a month.
    Looking for 25k. Bank statements are negative 20 days.
    However Merchant is willing to do MCA through credit cards.

    California Based Restaurant. Anyone interested in this.

  2. #2
    Senior Member Reputation points: 32550 Funder Mark's Avatar
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    Who is the processor, how much is going through the processor?

  3. #3
    Senior Member Reputation points: 3956
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    sent you a pm
    Brent Goggins
    Business Credit Consultants
    ISO Relations Manager
    Direct: 518-776-7501
    Email: BrentG@bccusa.com

  4. #4
    Senior Member Reputation points: 24
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    Quote Originally Posted by Money2Fund View Post
    sent you a pm
    Hi. I have a similar file. Restaurant, negative on avg. 15 days a month. The bank statements are 23k, 50k, 56k. The credit card statements are 33k 29 k, and 14k. If you could help, I'd appreciate it. Kevin Harms Lion Capital Funding Group. 321 872 7706

  5. #5
    Senior Member Reputation points: 11375
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    Quote Originally Posted by k lion View Post
    Hi. I have a similar file. Restaurant, negative on avg. 15 days a month. The bank statements are 23k, 50k, 56k. The credit card statements are 33k 29 k, and 14k. If you could help, I'd appreciate it. Kevin Harms Lion Capital Funding Group. 321 872 7706
    Your best bet is a credit card split although that's just going to strain his deposits further. He needs to reduce overhead and increase sales.

    Try Merchant Cash Group.
    Last edited by rdgllc; 03-21-2019 at 08:34 PM.

  6. #6
    Senior Member Reputation points: 24
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    Thank you. Will do.

  7. #7
    He is going through priority

  8. #8
    Noob Reputation points: 10
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    Feb 2016
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    chicago, il
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    Hi a quick question have you done a debt analysis on this Restaurant owner and his business?

    DebtGuy

  9. #9
    Senior Member Reputation points: 32658 Zach's Avatar
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    World Business Lenders can put this one together if the client has real estate collateral.
    Zachary Ramirez – CEO
    Phone: 562-391-7099
    Email: zach@zacharyjosephramirez.com

    1661 N. Raymond Ave #265
    Anaheim CA 92801

  10. #10
    Senior Member Reputation points: 8447
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    If you didn't find a home yet I'd be happy to look at it
    Jason H l Sales & Business Development
    Quikstone Capital Solutions l Tampa FL
    Direct Line & Mobile 813-371-8233 l Fax 813-371-8233 l Text 727-492-8812
    Jason.Hausle@quikstonecapital.com
    www.quikstonecapital.com


    Direct Lender Since 2005

  11. #11
    Senior Member Reputation points: 24
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    Hi. I have a similar file. Restaurant, negative on avg. 15 days a month. The bank statements are 23k, 50k, 56k. The credit card statements are 33k 29 k, and 14k. If you could help, I'd appreciate it. Kevin Harms Lion Capital Funding Group. 321 872 7706

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