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  1. #1

    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?

  2. #2
    Veteran Reputation points: 157541 J.Celifarco's Avatar
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    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

  3. #3
    Senior Member Reputation points: 64
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    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

  4. #4
    Health care industry.... Merchant averages about 1 to 2 deposits a month. sometimes no deposits.

  5. #5
    Veteran Reputation points: 157541 J.Celifarco's Avatar
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    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

  6. #6
    Some months have zero deposits. Credit is great and bank statements are healthy. No negative days.

  7. #7
    Senior Member Reputation points: 301165
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    he averages 37k a month and has 35k average bank balances . let me know when decision logic comes back

  8. #8
    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

  9. #9
    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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