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05-16-2016, 04:29 PM #1
- Join Date
- Apr 2016
- Posts
- 8
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
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05-16-2016, 04:39 PM #2
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
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05-16-2016, 07:51 PM #3
- Join Date
- Nov 2014
- Posts
- 438
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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05-18-2016, 01:06 PM #4
- Join Date
- Apr 2016
- Posts
- 8
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?
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05-18-2016, 01:38 PM #5
- Join Date
- Nov 2014
- Posts
- 438
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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05-16-2016, 04:40 PM #6
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,499
Hi Ed,
The 10 Year Old Restaurant selling to chains: Are they selling products on terms?
Best,
KevinKevin 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
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05-18-2016, 01:13 PM #7
- Join Date
- Jul 2014
- Posts
- 1,746
Kristof is a solid dude, try him.
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05-18-2016, 01:39 PM #8
- Join Date
- Nov 2014
- Posts
- 438
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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