Results 1 to 10 of 10
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08-23-2016, 01:58 PM #1
Reputation points: 47257
- Join Date
- Apr 2013
- Location
- Basalt CO
- Posts
- 867
Restaurant with Tons of NSF
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
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08-23-2016, 02:06 PM #2
Reputation points: 54989
- Join Date
- Dec 2013
- Posts
- 4,713
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.
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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08-23-2016, 02:13 PM #3
Tough one... you try LoanMe?
Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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08-23-2016, 02:14 PM #4John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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08-23-2016, 02:24 PM #5
Reputation points: 47257
- Join Date
- Apr 2013
- Location
- Basalt CO
- Posts
- 867
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08-23-2016, 02:28 PM #6
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
John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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08-23-2016, 02:32 PM #7
Reputation points: 47257
- Join Date
- Apr 2013
- Location
- Basalt CO
- Posts
- 867
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08-23-2016, 02:43 PM #8
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
John Celifarco
Managing Partner
Horizon Funding Group
3423 Ave S
Brooklyn, NY 11234
T: (347) 773-3990 | F: (718) 795-1990
Linkedin: Profile
Email: john@horizonfundinggroup.com
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08-23-2016, 02:55 PM #9
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08-25-2016, 03:43 PM #10
Reputation points: 47257
- Join Date
- Apr 2013
- Location
- Basalt CO
- Posts
- 867
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