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04-30-2014, 11:07 AM #1
8 million/month revenue, living on overdraft
I have a deal that does roughly 8 million per month in deposits, averaging 38-40 deposits monthly. They are a recycling company and they do not accept credit cards. Their bank statements typically have 10-15 negative ending days per month. They want $250,000, and I've pre-sold them on a 1.30 for 12 months. The merchant has excellent credit.
Does anyone know a good home for this?Last edited by Zach; 04-30-2014 at 11:08 AM. Reason: typo
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04-30-2014, 11:10 AM #2
8 million/month revenue, living on overdraft
I may be able to help you. 855-565-grow (4769) ext 32 Vinny
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04-30-2014, 11:17 AM #3
- Join Date
- Sep 2012
- Location
- New York, NY
- Posts
- 1,780
8 mm per month and living on overdrafts?? I'd hate to see his financials. No lender in his right mind would give over 100k.
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04-30-2014, 11:18 AM #4
They show 3 million of net profit on the tax return. Financials are solid. Just cash-poor.
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04-30-2014, 11:22 AM #5
Yellowstone would prob be able to get her something solid but I doubt $250K is realistic
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05-08-2014, 10:19 AM #6
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07-08-2014, 03:16 PM #7
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
If you can't get a MCA arranged please contact me. This sounds like a simple factoring deal that would qualify for more than 250K.
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04-30-2014, 12:55 PM #8
- Join Date
- Apr 2014
- Posts
- 14
I'm happy to take a look at it and see what we can do.
Can you call?
(718) 989-9802
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04-30-2014, 01:03 PM #9
10-15 negative ending days per month lol good luck finding a daily ach debit agreement.
Anthony Diamond
Underwriter
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04-30-2014, 02:37 PM #10
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05-08-2014, 09:51 AM #11
- Join Date
- Jun 2013
- Posts
- 195
We would take a look as long as it's in one of our states
Cpepe@wbl.com
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07-06-2014, 09:32 PM #12
8 million/month revenue, living on overdraft
If the deal is still alive we can do it.... Contact me
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07-06-2014, 10:40 PM #13
- Join Date
- Feb 2014
- Posts
- 7
who does 2nds
Looking for a lender that can do
2nd. Restaurant business doing 18k monthly.
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07-06-2014, 11:16 PM #14
Sure what's the first, we specialize in 2nds same day funding... Reach out to me 347 422 2200
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07-07-2014, 07:02 AM #15
- Join Date
- Jul 2014
- Posts
- 6
8 million/month revenue, living on overdraft
Felix, we will take a look as a 2nd position 347-815-FUND give you a few offers within hours.
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