No Bank Statements

**Zach** · 05-12-2016, 03:10 PM

Can anyone fund a deal with $180K of monthly CC volume but no bank statements? Client refuses to provide.

Longshot, but figured I'd post and see what comes up.

**VFG** · 05-12-2016, 03:40 PM

Smells like a red flag!!!! What is going on in their bank statements that the client does not want to provide them??

**NoBigDeal** · 05-12-2016, 04:07 PM

Originally Posted by VFG

Smells like a red flag!!!! What is going on in their bank statements that the client does not want to provide them??

He's holding the record of "Most Stacks" for a merchant and doesn't wanna show it

**Zach** · 05-12-2016, 04:30 PM

Originally Posted by NoBigDeal

He's holding the record of "Most Stacks" for a merchant and doesn't wanna show it

17!!!

**Sam@LendersBox.com** · 05-12-2016, 04:35 PM

Capify is great on card deals, decision logic the banks or its dead

**dailyPLUNDR** · 05-12-2016, 04:36 PM

Depending on who he processes with, Kabbage may be able to link up to the account and offer an approval without looking at the business checking account. They can fund merchants who strictly use PayPal, Square... even intuit quickbooks. 100k cap there I believe and prob not much of a commish.

**kzone711** · 05-13-2016, 07:37 AM

Thanks for the shout out Sam.
Rhall@capify.com

**biggr** · 05-13-2016, 09:30 AM

Zach,

See if he will send in statements and he can black out the account numbers or any other sensitive information he is paranoid about...

Just a shot, who knows. As long as you see the business name and address maybe that can fly with the merchant..

I would be glad to talk to merchant, I have a calming voice

**FUNd** · 05-13-2016, 09:32 AM

Why black out account numbers when the full account and routing number is on EVERY single check this fool has written on that account. Nonsense I tell you.

**Funder Mark** · 05-13-2016, 09:35 AM

I always wondered about that. And the merchants who cross out the account and routing numbers on the first page of their statements, but none of the others.

**Zach** · 05-13-2016, 11:27 AM

After speaking to the merchant again, I'm pretty sure it's fraud. I'm just gonna throw the deal away.

"I am in the process of trying to secure an approval for you, so I'd like to ask you, one businessman to another, why won't you let us see any bank statements? I just need one logical reason to go off of."

"You know what, just forget it, you're just like all the others! I told you I won't provide any statements, and that's FINAL"

"No problem, but I just need to know: why not? I can explain it to an underwriter if I know why."

He just keeps repeating himself. Fraud 101 IMO

**AndyYSCISOdept** · 05-13-2016, 11:29 AM

Spot on Zach

**FUNd** · 05-13-2016, 11:30 AM

Originally Posted by Zach

"You know what, just forget it, you're just like all the others!

Sounds like my ex.

**Zach** · 05-13-2016, 11:41 AM

Originally Posted by FUNd

Sounds like my ex.

xD

**NoBigDeal** · 05-13-2016, 12:09 PM

Originally Posted by Zach

After speaking to the merchant again, I'm pretty sure it's fraud. I'm just gonna throw the deal away.

"I am in the process of trying to secure an approval for you, so I'd like to ask you, one businessman to another, why won't you let us see any bank statements? I just need one logical reason to go off of."

"You know what, just forget it, you're just like all the others! I told you I won't provide any statements, and that's FINAL"

"No problem, but I just need to know: why not? I can explain it to an underwriter if I know why."

He just keeps repeating himself. Fraud 101 IMO

Send the merchant an invoice for your time

**omegafund** · 05-13-2016, 07:44 PM

Did merchant have a name of Rachel involved in media by chance?

Originally Posted by Zach

After speaking to the merchant again, I'm pretty sure it's fraud. I'm just gonna throw the deal away.

"I am in the process of trying to secure an approval for you, so I'd like to ask you, one businessman to another, why won't you let us see any bank statements? I just need one logical reason to go off of."

"You know what, just forget it, you're just like all the others! I told you I won't provide any statements, and that's FINAL"

"No problem, but I just need to know: why not? I can explain it to an underwriter if I know why."

He just keeps repeating himself. Fraud 101 IMO

**AmyCRiddle1212** · 05-16-2016, 11:06 AM

Good Morning,

I work for a direct merchant lender, JD Merchant Capital, based out of Hartford, CT. I saw your request for funding and believe I can assist you in securing the working capital you are looking for.

I have had clients who refuse to show bank statements, but we can also go off of tax returns showing positive marks at the end of a quarter.

Please feel to contact me directly at (860) 906-1302 or via email at Amy.JDMerchantCapital@outlook.com

I look forward to hearing from you and trying to help you out.

Sincerely,

Amy C. Riddle

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