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05-16-2016, 05:45 PM #1
- Join Date
- Feb 2016
- Posts
- 15
Retail internet sales - 130k / month
I have a difficult file I am trying to get funded. Merchant buys and sells cell phones and uses his PayPal as his operating account. The merchant does have a separate business bank account that he is doing around 15-20k / month, but all of the income is generated through Pay-Pal.
Over the last 6 months he is averaging 130k / month in sales, credit is in the low 600's, no negative days/NSF's. I know it is a tough file, any DIRECT lenders that will count revenue from PayPal please PM me.
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05-16-2016, 05:49 PM #2
Retail internet sales - 130k / month
Does he have real estate collateral?
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, 07:04 PM #3
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Retail internet sales - 130k / month
Perhaps you're looking for the wrong financial vehicle. if your client has positive cash flow they may qualify for an ABL that does not consider where the revenue comes from.
Bob Shaw
rshaw@advancecredit.com
734-929-3800
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05-16-2016, 10:44 PM #4
- Join Date
- Jun 2015
- Posts
- 19
Retail internet sales - 130k / month
Try Kabbage
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05-17-2016, 10:47 AM #5
- Join Date
- Feb 2016
- Posts
- 15
No real estate. Thank you bdshaw I will reach out to you and see if that will work.
Merchant turns a profit pretty quickly so they are good with a daily payment, just need a lender that is willing to think outside the box and look at the overall revenues with the business.
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05-17-2016, 11:03 AM #6
We will take a look at the merchant. We accept revenue from PayPal as long as the merchant has a business bank account where he makes deposits to. Sent you PM.
Kevin Dinh
3131 Eastside Street, Suite 350
Houston, TX 77098
P: 713-322-9743
Email: kdinh@accordbf.com
Web: https://go.accordbf.com/DF-Partners/
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05-17-2016, 11:14 AM #7
- Join Date
- May 2016
- Posts
- 21
Evolution Capital Group
516-714-3227- Contact
Iso Relations
email-funding@evocapitalgroup.com
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05-18-2016, 09:45 PM #8
- Join Date
- May 2016
- Posts
- 42
We can definitely take a look at this file as we accept the revenue from PayPal (is the revenue deposited into his business account or personal account?). Feel free to email me and I can walk you through our product offerings
Steven Safirstein
Director of Sales & Head of ISO Relations
Breakout Capital Finance, LLC
6849 Old Dominion Drive, Suite 360, McLean, VA 22101
O: 703 852 6013
steven@breakoutfinance.com
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05-19-2016, 02:45 PM #9
- Join Date
- May 2016
- Location
- New Jersey
- Posts
- 31
Lendvo will do, You need a 550 minimum / TIB 12 months / $10k per month receivables via paypal.. Hope this helps.
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