Retail internet sales - 130k / month
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  1. #1

    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.

  2. #2
    Senior Member Reputation points: 32658 Zach's Avatar
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    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

  3. #3
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    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

  4. #4

    Retail internet sales - 130k / month

    Try Kabbage

  5. #5
    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.

  6. #6
    Senior Member Reputation points: 3366 Accord Business Funding's Avatar
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    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/

  7. #7
    Evolution Capital Group
    516-714-3227- Contact
    Iso Relations

    email-funding@evocapitalgroup.com

  8. #8
    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

  9. #9
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    Lendvo will do, You need a 550 minimum / TIB 12 months / $10k per month receivables via paypal.. Hope this helps.

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