merchant open 4 months
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  1. #1
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    merchant open 4 months

    has a restaurant opened in March does about 40k in deposits. looking for 20-30k, decent credit no bks. Can any lender fund this being open for such short period of time?

  2. #2
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    YES! for Cresthill capital A 4 month business is as good as a merchant that states Established in 1887!
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    ——————————————————————————
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  3. #3
    Veteran Reputation points: 135672 Chambo's Avatar
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    Quote Originally Posted by mcaguru View Post
    YES! for Cresthill capital A 4 month business is as good as a merchant that states Established in 1887!
    NO KIDDING you would fund them....but did you READ? would you give them the $20-30K they are looking for?

    they're not looking for your 3 month 1.45 obviously

  4. #4
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    i have prepped him already in regards to possible approval would be very short term 4-6 months and given the situation if he were to get funded would be paying in 1.40-1.45 area. He knows already and is willing he just needs it to finish an improvement in his bar so he doesnt mind as it will turn him an ongoing profit. i Just need a funder

  5. #5
    Yes and Yes.

    LoanMe works with businesses as young as 2 months old. They must have a business bank account open and active for at least 60 days.

    With $40k in deposits we could get them up to $75k! This is depending on where the borrower scores (Tier A-E). They can get up to 2x their gross monthly business income amount which is capped at $75k depending on the state.
    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

  6. #6
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    Quote Originally Posted by AdvanceFund View Post
    20k may be possible. Not 30k.

    Hi,

    We are a Direct Lender in the MCA industry which specializes in multiple position (2nd to 10th), high-risk, low credit advances from $2,500-$70,000 in practically ALL industries.

    I do a pre-credit underwriting on all deals that you submit so that my ISOs get immediate responses and same day funding. I am reachable from morning to night.

    We are NOT an ISO and do not employ direct sales reps. We strictly work with ISOs like yours and are looking for strong, long-term and honest relationships.

    We are currently accepting new ISOs and invite all DailyFunder members to reach out to discuss working together.


    Dave Margolies
    Director of ISO Relations

    465A Central Avenue, Ste 128
    Cedarhurst, NY 11516
    Tel 866-856-7482 x108
    Dave@MLFactors.com
    you go out to 10th position???

  7. #7
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    Quote Originally Posted by AdvanceFund View Post
    We do not have a position limit.
    I have a merchant with 29 positions, currently looking for a 30th to help him through the slow summer months.

  8. #8
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    Quote Originally Posted by FUNd View Post
    I have a merchant with 29 positions, currently looking for a 30th to help him through the slow summer months.
    Should be easy...we can get it done with no problem.

    Just funded a merchant a 33'rd position recently. Send me an email at Submissions@GenericGoDaddyDesign.Com
    Tommy Stein

  9. #9
    Senior Member Reputation points: 8603 Regium's Avatar
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    Quote Originally Posted by Sachip24 View Post
    has a restaurant opened in March does about 40k in deposits. looking for 20-30k, decent credit no bks. Can any lender fund this being open for such short period of time?
    Sounds doable. We can take a look. PM me if interested.

  10. #10
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    Quote Originally Posted by TStein View Post
    Should be easy...we can get it done with no problem.

    Just funded a merchant a 33'rd position recently. Send me an email at Submissions@GenericGoDaddyDesign.Com
    Love it !
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    ——————————————————————————
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  11. #11
    Senior Member Reputation points: 7162 TheShitzuofMCA's Avatar
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    33 rd position dont know what to say my eyes teared up.

  12. #12
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    I have seen 7th position deals that were less strenuous on the merchant (because of merchant doing 2M a month in revenues) than most 1st position deals from an A paper lender !
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    ——————————————————————————
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

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