New Restaurant doing $15k/month in Gross
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  1. #1
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    New Restaurant doing $15k/month in Gross

    Any suggestions. TIB is 3 months. CC are $1k in May (when they opened) $5 in Juny, July and Aug.

    Banks are $15k in Gross Dep each month.
    Ave ledger around 1500. Beg and ending balances are not super strong.

    Starter program?

    Thanks for any input.

  2. #2
    Senior Member Reputation points: 7162 TheShitzuofMCA's Avatar
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    Yup starter program $10k all day. A bit risky a restaurant only 3 months in.

  3. #3
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    yeah i know, but someone must be offering that? I remember when 1st Merchant Funding was doing deals for 2500, 1 month in business.

  4. #4
    Senior Member Reputation points: 7162 TheShitzuofMCA's Avatar
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    Not me
    Last edited by TheShitzuofMCA; 09-21-2016 at 12:04 PM.

  5. #5
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    Quote Originally Posted by The****zuofMCA View Post
    Yup starter program $10k all day. A bit risky a restaurant only 3 months in.
    I will give you guys a Tip, (pro Bono ) A restaurant or any business for that matter is less risky year 1 then year 2. We at cresthill LOVE funding a company in the first year!

    regarding starter deals, i am pretty sure we are the Probally the largest in funding files 2-10K Never COJ
    with so few stips you will think there is for sure a catch!! (NO CATCHES )


    (we fund up to 500,00K)
    Last edited by mcaguru; 09-15-2016 at 07:01 PM.
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    覧覧覧覧覧覧覧覧覧覧覧覧覧
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  6. #6
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    Quote Originally Posted by mcaguru View Post
    I will give you guys a Tip, (pro Bono ) A restaurant or any business for that matter is less risky year 1 then year 2. We at cresthill LOVE funding a company in the first year!

    regarding starter deals, i am pretty sure we are the Probally the largest in funding files 2-10K Never COJ
    with so few stips you will think there is for sure a catch!! (NO CATCHES )


    (we fund up to 500,00K)
    Thanks, i will send it over once i get the signed pre qual. I have an iso agreement with you, forgot you do these deals.

  7. #7
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    Quote Originally Posted by mcaguru View Post
    I will give you guys a Tip, (pro Bono ) A restaurant or any business for that matter is less risky year 1 then year 2. We at cresthill LOVE funding a company in the first year!

    regarding starter deals, i am pretty sure we are the Probally the largest in funding files 2-10K Never COJ
    with so few stips you will think there is for sure a catch!! (NO CATCHES )


    (we fund up to 500,00K)
    You guys are also mantis, right?

  8. #8
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    yep.
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    覧覧覧覧覧覧覧覧覧覧覧覧覧
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  9. #9
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    New Restaurant doing $15k/month in Gross

    If their credit and bank statements check out ok we can offer 10k on a short term offer and if payment history after that goes well we can renew them on a longer term.

    Mike@samsonfunding.com
    347-492-1801

  10. #10
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    Quote Originally Posted by mcaguru View Post
    I will give you guys a Tip, (pro Bono ) A restaurant or any business for that matter is less risky year 1 then year 2. We at cresthill LOVE funding a company in the first year!

    regarding starter deals, i am pretty sure we are the Probally the largest in funding files 2-10K Never COJ
    with so few stips you will think there is for sure a catch!! (NO CATCHES )


    (we fund up to 500,00K)
    So what kind of stips do you ask for on a $500k deal?

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