Another Deal #2
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  1. #1

    Another Deal #2

    This one is a restaurant with $75K in revenue per month. Owner has a 700 credit score. He has had 3 previous daily loans and paid them all off. Business has been open since 2008. He is looking for $55k to complete a dining room remodel. Problem: He has shopped with other brokers so it looks like he's trying to get several of these daily pay loans, but he's not. He just wants the best factor. Understandable but potentially problematic?

    If you can help me with this one and you are a direct lender then let's talk.

    Gale Connell
    112 12th Ave
    Longmont, CO 80501
    303-378-6518
    galeconnell@gmail.com

  2. #2
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    Another Deal #2

    Gale, I'm not a direct lender anymore but I would urge you to consider investigating how much of the 55k need could be put into an equipment lease. the term will be consider any lower as well as the monthly payments.
    Bob

  3. #3
    Senior Member Reputation points: 32658 Zach's Avatar
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    IOU
    Quarterspot
    Zachary Ramirez – CEO
    Phone: 562-391-7099
    Email: zach@zacharyjosephramirez.com

    1661 N. Raymond Ave #265
    Anaheim CA 92801

  4. #4
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    Call me if interested in looking at CC Split deal
    Jason H l Sales & Business Development
    Quikstone Capital Solutions l Tampa FL
    Direct Line & Mobile 813-371-8233 l Fax 813-371-8233 l Text 727-492-8812
    Jason.Hausle@quikstonecapital.com
    www.quikstonecapital.com


    Direct Lender Since 2005

  5. #5
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    Quote Originally Posted by GConnell View Post
    He is looking for $55k to complete a dining room remodel. Problem: He has shopped with other brokers so it looks like he's trying to get several of these daily pay loans, but he's not.

    If you can help me with this one and you are a direct lender then let's talk.


    Gale,

    If the only issue with this account is that he has shopped, I can help you and fund it. We're strictly direct lenders and we fund people who have been shopped every day, it just comes with the territory unless you're only working with A paper.
    ---------------------------------------------------------

    Rich McKellar



    www.linkedin.com/in/richardmckellar

  6. #6
    LoanMe can help on this file too. Give us a call at 949-535-7798
    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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