[skideeppow]

So i have a restaurant with - ave daily balances everyday, nsfs every day (he has overdraft protection).
CC processing is 32k a month and bank dep are over 100k from Dec-April then July-Sept.
He has balance of 32k with someone, split funding of Global platform.
He needs more cash and current funder wont give him anything.

Anyone willing to take a look? No collateral to pledge, credit is not great.

He says he has an offer from someone, $58k, taking 20% weekly ACH draw. I just dont know how anyone can offer that.

Thanks

[mcaguru]

Cresthill will take a look and get back to you pretty quick. If we make offer it will be with very few stips and fund hours after contracts are back-in.

[Zach]

Tough one... you try LoanMe?

[J.Celifarco]

So i have a restaurant with - ave daily balances everyday, nsfs every day (he has overdraft protection).
CC processing is 32k a month and bank dep are over 100k from Dec-April then July-Sept.
He has balance of 32k with someone, split funding of Global platform.
He needs more cash and current funder wont give him anything.

Anyone willing to take a look? No collateral to pledge, credit is not great.

He says he has an offer from someone, $58k, taking 20% weekly ACH draw. I just dont know how anyone can offer that.

Thanks

Any chance if they look at the full year of processing the average could be higher? If the average can get up to 45k-50k you may be able to buy out the current split deal.

[skideeppow]

Any chance if they look at the full year of processing the average could be higher? If the average can get up to 45k-50k you may be able to buy out the current split deal.

no cc are steady at around 30.l

[J.Celifarco]

if thats the case i dont see any options, with a split already in place with the balance that high.. Put it on the back burner till the balance comes down.. I cant see that other offer you mentioned being real with how ugly you say the banks are

[skideeppow]

if thats the case i dont see any options, with a split already in place with the balance that high.. Put it on the back burner till the balance comes down.. I cant see that other offer you mentioned being real with how ugly you say the banks are

He is saying Twinfold gave them the offer. No idea who that is.

[Sean Cash]

He is saying Twinfold gave them the offer. No idea who that is.

I believe that they are an ISO based in Los Angeles.

[skideeppow]

I believe that they are an ISO based in Los Angeles.

Yeah, i believe that is correct. Thanks

[J.Celifarco]

I have never heard of them either making me think the offer is BS.. Good luck but I wouldnt waste a lot more time on the file at this time