Restaurants with 7 to 12 NSF's Month!
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  1. #1

    Restaurants with 7 to 12 NSF's Month!

    I have two clients, both restaurants seeking Working Capital. The first has been in Biz 60 years and does $1.2MM in Revenue.

    The other a 10-year-old Restaurant growing rapidly due to contracts for it's signature pastry selling to national chains . This facility is doing nearly $4MM annually and has been in biz 10 years.

    They both average 7 to 12 NSF's per month. I'd love for feedback on which direct lender might entertain funding these deals.

    Warmest Regards,

    Ed

  2. #2
    Senior Member Reputation points: 32658 Zach's Avatar
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    Restaurants with 7 to 12 NSF's Month!

    World business lenders would be the best logical fit for a deal like that. Even with heavy CC volume, most cash advance providers wouldn't touch that many NSFs/neg days.

    Maybe you can do a 2-step funding -- first fund them with LoanMe while you wait for my deal to fund, then you can use my funds to pay off LoanMe with no penalty to the client. This way you can get them a larger loan amount through me while also securing the fast funding they are likely looking for.
    Zachary Ramirez – CEO
    Phone: 562-391-7099
    Email: zach@zacharyjosephramirez.com

    1661 N. Raymond Ave #265
    Anaheim CA 92801

  3. #3
    Senior Member Reputation points: 340530
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    Hi Ed,

    The 10 Year Old Restaurant selling to chains: Are they selling products on terms?

    Best,

    Kevin
    Kevin Henry
    VP-Business Development
    Seacoast Business Funding, a division of Seacoast Bank
    561-850-9346
    Kevin.Henry@SeacoastBF.com
    1880 N Congress Ave., Suite 404
    Boynton Beach, FL 33426

  4. #4
    Quote Originally Posted by Zach View Post
    World business lenders would be the best logical fit for a deal like that. Even with heavy CC volume, most cash advance providers wouldn't touch that many NSFs/neg days.

    Maybe you can do a 2-step funding -- first fund them with LoanMe while you wait for my deal to fund, then you can use my funds to pay off LoanMe with no penalty to the client. This way you can get them a larger loan amount through me while also securing the fast funding they are likely looking for.
    Zach is on to something here! Use LoanMe as a Bridge Loan.
    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

  5. #5
    Thank you Zack and Kevin.

    I've tried reaching out to LoanMe for the past 3 weeks and I haven't received a single call back. Is there a specific contact there?

  6. #6
    Senior Member Reputation points: 23718
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    Kristof is a solid dude, try him.

  7. #7
    Quote Originally Posted by The Funding Guy View Post
    Thank you Zack and Kevin.

    I've tried reaching out to LoanMe for the past 3 weeks and I haven't received a single call back. Is there a specific contact there?
    Sent you a PM for direct contact, lets get this taken care of today for you!
    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

  8. #8
    Quote Originally Posted by FUNd View Post
    Kristof is a solid dude, try him.
    Thank you Dave!
    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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