Results 1 to 16 of 16
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04-13-2016, 03:24 PM #1
- Join Date
- Sep 2014
- Posts
- 263
Day Care Provider - Twice a Month Deposits - Paid By The State
Any funders that will do this deal?
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04-13-2016, 03:27 PM #2
Quickbridge is good for low deposit deals
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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04-13-2016, 03:31 PM #3
- Join Date
- May 2015
- Location
- NC
- Posts
- 208
LoanMe
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04-13-2016, 03:34 PM #4
- Join Date
- Sep 2014
- Posts
- 263
Thank you
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04-13-2016, 03:45 PM #5
- Join Date
- Dec 2014
- Posts
- 114
Whats the average daily balance that the merchant keeps in the business account ?
Thank you.
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04-13-2016, 04:06 PM #6
- Join Date
- Nov 2014
- Posts
- 438
LoanMe can take a look at this if it is a "for-profit" business. LoanMe's only business type restriction are non-profit's. Paid by the state could mean the daycare is a non-profit. The number of deposits are not an issue for us as LoanMe's minimum number of deposits per month is one (1).
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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04-13-2016, 04:22 PM #7
- Join Date
- Mar 2016
- Posts
- 83
Hi Michael. I sent you a pm.
Marvin K. Fauntroy
MKF Enterprises
202-705-1791
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04-13-2016, 05:46 PM #8
- Join Date
- Mar 2016
- Posts
- 335
How long is the state taking to pay them? I am sure they could use some AR financing. I will send you a PM.
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04-14-2016, 09:55 PM #9
- Join Date
- Aug 2014
- Posts
- 35
Breakout Finance - They can offer a semi monthly payment structure.
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04-14-2016, 10:32 PM #10
- Join Date
- Apr 2014
- Location
- Washington DC
- Posts
- 421
Thanks Davis3003! Yes, this sounds right up our alley (assuming it meets our other funding guidelines) -- we fund a ton of low but predictable deposit businesses.
But like LoanMe said, this would have to be a for profit business (non-profits are restricted for us). But being paid by the state doesn't mean the business is non-profit. We have tons of deals similar to this (paid by state once or twice monthly) on our books.Last edited by Cfairbank; 04-14-2016 at 10:35 PM. Reason: Clarification for non-profit restriction
Carl Fairbank
Founder & CEO boldMODE
www.boldmode.com
Carl@boldmode.com
Founder & former CEO of Breakout Capital (sold to SecurCapital in 2019)
www.breakoutfinance.com
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04-15-2016, 01:09 AM #11
Day Care Provider - Twice a Month Deposits - Paid By The State
Quickbridge does low deposits and non-profits.
Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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04-18-2016, 05:17 PM #12
This is pretty common with daycares and we have funded plenty! This deal is right up our alley.
Kaitlyn Miller
ISO Coordinator
770-617-2377
KM@SuperiorCapitalfund.com
http://superiorcapitalfund.com/
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04-18-2016, 05:19 PM #13
In my opinion if they are paid by the state and you can confirm this. That is the only way I would fund a day care. The issue with us is the 2 deposits per month only (risky).
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04-18-2016, 05:30 PM #14
- Join Date
- Jul 2014
- Posts
- 1,746
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04-18-2016, 05:48 PM #15
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04-27-2016, 03:02 PM #16
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