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  1. #1
    Senior Member Reputation points: 30475 Zach's Avatar
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    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

  2. #2

    8 million/month revenue, living on overdraft

    I may be able to help you. 855-565-grow (4769) ext 32 Vinny

  3. #3
    Senior Member Reputation points: 99426
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    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.

  4. #4
    Senior Member Reputation points: 30475 Zach's Avatar
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    They show 3 million of net profit on the tax return. Financials are solid. Just cash-poor.

  5. #5
    Yellowstone would prob be able to get her something solid but I doubt $250K is realistic

  6. #6
    I'm happy to take a look at it and see what we can do.

    Can you call?
    (718) 989-9802

  7. #7
    Senior Member Reputation points: 50566 ADiamond's Avatar
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    10-15 negative ending days per month lol good luck finding a daily ach debit agreement.
    Anthony Diamond
    Underwriter

  8. #8
    Veteran Reputation points: 134971 Chambo's Avatar
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    Quote Originally Posted by Zach View Post
    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?
    Probably want to look into company that does % of deposits

  9. #9
    We would take a look as long as it's in one of our states

    Cpepe@wbl.com

  10. #10
    Senior Member Reputation points: 325 Ryan Shiroky's Avatar
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    Quote Originally Posted by isaacdstern View Post
    Yellowstone would prob be able to get her something solid but I doubt $250K is realistic
    how do you know it is a "her"?

  11. #11

    8 million/month revenue, living on overdraft

    If the deal is still alive we can do it.... Contact me

  12. #12

    who does 2nds

    Looking for a lender that can do
    2nd. Restaurant business doing 18k monthly.

  13. #13
    Sure what's the first, we specialize in 2nds same day funding... Reach out to me 347 422 2200

  14. #14

    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.

  15. #15
    Banned Reputation points: 4530
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    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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