Results 1 to 9 of 9
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03-28-2016, 12:52 PM #1
- Join Date
- Apr 2015
- Posts
- 206
Low Monthly Deposits
I have a merchant who does 450k in annual revenue. they have an average bank balance of 35k. The merchant is seeking 50k. The merchant only does a few big deposits a year.
What direct lender would accept this kind of deal?
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03-28-2016, 12:56 PM #2
a few deposits a year or a month??? What is the industry on this deal
John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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03-28-2016, 12:58 PM #3
- Join Date
- Jul 2014
- Posts
- 196
Low Monthly Deposits
If it's a few big deposits plus other smaller deposits we can look into it or if it's just the big deposits plus a really high ledger we can. What industry ?
Mike@samsonpartnersllc.com
347-492-1801
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03-28-2016, 12:59 PM #4
- Join Date
- Apr 2015
- Posts
- 206
Health care industry.... Merchant averages about 1 to 2 deposits a month. sometimes no deposits.
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03-28-2016, 01:09 PM #5
1 or 2 deposits a month quick bridge is good for those deals.. 0 deposits makes it hard for anyone
John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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03-28-2016, 01:33 PM #6
- Join Date
- Apr 2015
- Posts
- 206
Some months have zero deposits. Credit is great and bank statements are healthy. No negative days.
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03-28-2016, 01:52 PM #7
- Join Date
- Jun 2015
- Posts
- 3,325
he averages 37k a month and has 35k average bank balances . let me know when decision logic comes back
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03-28-2016, 02:58 PM #8
- Join Date
- Nov 2014
- Posts
- 438
LoanMe may be able to help here. We look at the last 2 months business bank statements or the TH for the last 60 consecutive days. Generally we can work with businesses making at least (1) deposit per month.
What was the gross business income/deposits in January?
What was the gross business income/deposits in February?
How are March's deposits so far?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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12-02-2021, 04:46 PM #9
- Join Date
- Dec 2021
- Posts
- 13
We can. I'm a direct lender with Mom and Pop business funding. We specialize in unsecured working capital for small businesses. We go up to $1,000,000, and we fund these loans in 2-3 days. Not based on credit. (You can use the funds for whatever you want). Here's my link https://www.facebook.com/businessloa...usinessowners/ Let me know if i can help. Servicing in all 50 states
Lashelle Cobham
lashelle.mpbusinessfunding@gmail.com
(813)599-7048
110 Circle 4 Dr, Haines City FL, 33844
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