Business going Out of season
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  1. #1
    Senior Member Reputation points: 71352
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    Business going Out of season

    I have a merchant who runs a pizza shop grossing around 80-100k during busy season. ( Spring / Summer )

    Has an existing balance with Rapid for 30k. Average daily balances during the off season is 20k+.

    Does anyone know where i can send a file like this too? Also, someone who is willing to hop rapids 1st pos?

    ty.

  2. #2
    Senior Member Reputation points: 54977
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    Cresthill-Mantis would be happy to take a look

    Expect extremely fast offers with fewest stips while paying double digit commission.

    We added a few changes that can have submission-to-funding go fast and smooth.
    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

  3. #3
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    Quote Originally Posted by Lmonus View Post
    I have a merchant who runs a pizza shop grossing around 80-100k during busy season. ( Spring / Summer )

    Has an existing balance with Rapid for 30k. Average daily balances during the off season is 20k+.

    Does anyone know where i can send a file like this too? Also, someone who is willing to hop rapids 1st pos?

    ty.
    Principis would be able to help you. I just got a great offer from them for a seasonal business that was going into slow season. My in-house funding would also take a look at seasonal and do structured payments, as long as daily balance is as you say. Feel free to send me a PM or give me a call.
    Joe Kimmel
    Funding Merchant Source
    Direct: 516-501-9397
    Email: jkimmel@fundingmerchantsource.com

  4. #4
    Veteran Reputation points: 135672 Chambo's Avatar
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    Quote Originally Posted by Lmonus View Post
    I have a merchant who runs a pizza shop grossing around 80-100k during busy season. ( Spring / Summer )

    Has an existing balance with Rapid for 30k. Average daily balances during the off season is 20k+.

    Does anyone know where i can send a file like this too? Also, someone who is willing to hop rapids 1st pos?

    ty.
    Just a head's up....advertising a solicitation to stack on Rapid is a risky affair. They have no qualms with suing you & the fund that stacks on them. There are at least 3 Rapid representatives, including the Chairman, who are on this forum. Tread carefully

  5. #5
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    Just to clarify to Chambo, I was talking about taking first position with Principis or with my in house funding and wouldn't be stacking them.
    Joe Kimmel
    Funding Merchant Source
    Direct: 516-501-9397
    Email: jkimmel@fundingmerchantsource.com

  6. #6
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    Getting the merchant paid off and netting the remainder is always the best bet. However, when Rapid declines a renewal for reasons beyond my understanding and a merchant is in dire need of capital, i as his rep will look for other options.

    "Also, someone who is willing to hop rapids 1st pos?" is a simple Question. Not a direction i am taking.

    Happy Friday Folks.

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