[WeFundIt]

I had already presented this deal to one lender that didn't approve it, and I pretty much told the client that there was nothing that we could do, because of the high number of negative balance days (13-23), as shown on the 4 most recent bank statements, covering their 2 business accounts. But after looking at some of the even more challenging deals that have been presented here, I have decided to give it a shot here as well. Who knows...maybe there's someone out there that can do this.

The client is a church & school that averages around $56,000 over the past 4 months, and gets around $20k/mo in guaranteed subsidies. The 'Tot. Deposits' monthly already include the subsidy payments, which is also shown for each month. Activity is spread over 2 business accounts, and shown is the cumulative monthly total for both. They are trying to raise $50k, but know that that may not be possible, due to the challenges that this deal presents, so they are open to all offers, again, if at all possible. The signing principal has a 680 FICO, as reported from a soft pull.

Here's the overview:

	Jan	Feb	Mar	Apr
$Tot. Deposits	79,818	54,297	47,769	45,079
NBDs	18	14	18	23
Subsidy	20,318	19,710	22,956	22,770

One more detail: Their 2015 tax return shows $682k, if it matters.

Is there a "can-do" magician in the house?

Let me know.

[dpFund]

I feel for you, with this client. I had two church/school clients last year with better numbers than these and in short...it ended up being a colossal waste of time. I wish you the best with this file. If they have real estate, I would try to leverage that.

[WeFundIt]

I feel for you, with this client. I had two church clients last year with better numbers than these and in short...it ended up being a colossal waste of time. I wish you the best with this file. If they have real estate, I would try to leverage that.

Negative on the real estate. This is a last throes effort with this file, just on the off-chance that there may be a savior out there.

[Marvin]

Sent you a pm

Marvin K. Fauntroy

[MikeC524]

We can fund non-profits without a problem but those negative days are the killer. Best I can say is I can look at the file and see if something can be done based on the big deposits they get once a month. Or maybe a start up deal with more capital based on payments.

Mike@SamsonPartnersLLC.com
347-492-1801

[AmyCRiddle1212]

Good Morning,

I work for a direct lender, JD Merchant Capital, Based out of Hartford, CT and I saw your request for Funding. I would like to extend my services in helping you to secure the working capital you are looking for.

I spoke to my Senior Underwriter and was told that we could offer the church/school $20,000 with just the statements and numbers, or $80,000 if there is any kind of collateral.

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

I look forward to hearing from you and crafting a custom package that will benefit you and your client.

Sincerely,

Amy C. Riddle