Tough deal. Any takers?
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  1. #1

    Tough deal. Any takers?

    Merchant does about 117k per month gross revenue
    has about 8 negative days a month
    current mca balance of about 19k
    credit under 500

    auto repair shop

    The merchant will take as much as he can get first or second position.

  2. #2
    Senior Member Reputation points: 32658 Zach's Avatar
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    WBL is probably the only option for that one (that I'm aware of).

    Does the borrower own any real estate?
    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: 9546
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    Quote Originally Posted by dskg1982 View Post
    Merchant does about 117k per month gross revenue
    has about 8 negative days a month
    current mca balance of about 19k
    credit under 500

    auto repair shop

    The merchant will take as much as he can get first or second position.
    How many negative days in November?

  4. #4
    Don't know yet. Waiting on his November statement still.

  5. #5
    Senior Member Reputation points: 6585
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    An Auto Repair shop that doesn't do credit cards? whats the monthly credit card sales? Is the first mca a credit card split?

  6. #6
    Senior Member Reputation points: 903 Scott Williams's Avatar
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    Tampa, FL
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    Michaelh is correct. An auto repair shop should have a good amount of the monthly sales as credit card deposits. You need to do a CC split on this deal if they have 8 negative days. That's your best chance to get an offer high enough to payoff his existing 19k balance

  7. #7
    Hi send it to me www.speedfund.net
    my e-mail www.speedfund4@gmail.com

    Im Dave give me a call 877-595-1773 happy to help

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