Results 1 to 12 of 12
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06-14-2016, 01:09 PM #1
- Join Date
- Jan 2014
- Posts
- 1,378
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?
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06-14-2016, 01:54 PM #2
- Join Date
- Dec 2013
- Posts
- 4,713
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
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06-14-2016, 01:55 PM #3
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06-14-2016, 02:13 PM #4
- Join Date
- Jan 2014
- Posts
- 1,378
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
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06-14-2016, 02:13 PM #5
- Join Date
- Nov 2014
- Posts
- 438
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
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06-14-2016, 02:13 PM #6
- Join Date
- Jan 2014
- Posts
- 1,378
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06-14-2016, 03:34 PM #7
- Join Date
- Jul 2014
- Posts
- 1,746
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06-14-2016, 03:37 PM #8
- Join Date
- May 2015
- Location
- NYC
- Posts
- 197
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.ComTommy Stein
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06-14-2016, 03:57 PM #9
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06-14-2016, 04:20 PM #10
- Join Date
- Dec 2013
- Posts
- 4,713
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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06-14-2016, 04:23 PM #11
33 rd position dont know what to say my eyes teared up.
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06-14-2016, 04:27 PM #12
- Join Date
- Dec 2013
- Posts
- 4,713
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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