Fitness school
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  1. #1

    Fitness school

    I have a fitness school that is looking for funding. They average approximately $70k in monthly revenue over the most recent 3 months of bank deposits and merchant processing. However, they average a little over $110k monthly if you take the 2015 biz tax return into consideration (I have requested the last 12 months bank statements). The merchant's credit score is a 537. The business has been established for 16 years and no they don't have any real estate to collateralize.

    I have current offers in the mid 20's but the merchant is looking for $50-60k.
    Where lending is FUNDamental!!!!

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

    Quickbridge
    LoanMe
    Mantis
    Zachary Ramirez – CEO
    Phone: 562-391-7099
    Email: zach@zacharyjosephramirez.com

    1661 N. Raymond Ave #265
    Anaheim CA 92801

  3. #3
    Senior Member Reputation points: 32658 Zach's Avatar
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    Fitness school

    But honestly everyone is going to offer 20-35K
    Zachary Ramirez – CEO
    Phone: 562-391-7099
    Email: zach@zacharyjosephramirez.com

    1661 N. Raymond Ave #265
    Anaheim CA 92801

  4. #4
    Quote Originally Posted by Zach View Post
    But honestly everyone is going to offer 20-35K
    I'm thinking that you may be right. I'll check out a couple of the places that you suggested. Thanks Zach
    Where lending is FUNDamental!!!!

  5. #5
    Member Reputation points: 262 John_FMS's Avatar
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    Buffalo, NY
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    Quote Originally Posted by ZoReeves View Post
    I have a fitness school that is looking for funding. They average approximately $70k in monthly revenue over the most recent 3 months of bank deposits and merchant processing. However, they average a little over $110k monthly if you take the 2015 biz tax return into consideration (I have requested the last 12 months bank statements). The merchant's credit score is a 537. The business has been established for 16 years and no they don't have any real estate to collateralize.

    I have current offers in the mid 20's but the merchant is looking for $50-60k.
    We could look into a CC split, which has potential for a higher approval. Also, if $70k are considered his slower months, we would be able to get closer to a $50k approval. Please call me with any questions. Thanks.
    John Yanity
    352 Sonwil Drive | Buffalo, NY 14225
    Direct Funder


    Mobile (716) 710.1289
    Fax (888) 848.0109
    Email (john@fundingmerchantsource.com)
    http://fundingmerchantsource.com/

    A+ Rated with the BBB:
    http://www.bbb.org/losangelessilicon...each-ca-268003

  6. #6
    Quote Originally Posted by John_FMS View Post
    We could look into a CC split, which has potential for a higher approval. Also, if $70k are considered his slower months, we would be able to get closer to a $50k approval. Please call me with any questions. Thanks.
    Sounds like a nice program John

  7. #7
    Please give me a call when you get a chance at 646 930 4338. Would like to take a look at this deal. Thanks

    Nathan Roth-- direct lender
    Empire funding- 1022 Avenue M, Brooklyn NY 11230
    Direct (646-930-4338)
    email: nathan@empirefunding.com

  8. #8
    Senior Member Reputation points: 8447
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    Give me a call, we can look at this if they are open to CC split
    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

  9. #9
    I PM'd you

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