Results 1 to 7 of 7
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01-19-2017, 10:43 AM #1
- Join Date
- Nov 2014
- Posts
- 76
Who will do MCA via split or lockbox for merchants with excessive negative bal days
I am working on 2 files where the situation is pretty much the same.
Merchants with high credit card sales but they have excessive negative balance days per month and lots of NSF's.
Will any MCA-focused funders provide a credit card advance via split or lockbox when merchant has over 10 negative balance days per month? My typical partners are declining because of the negative days and NSFs. I understand their position but seems like if you could set up a split or lockbox, then there is some protection against the payments not being made.
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01-19-2017, 10:54 AM #2
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,948
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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01-19-2017, 11:41 AM #3
- Join Date
- Dec 2013
- Posts
- 4,713
Sterling !
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
——————————————————————————
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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01-19-2017, 05:50 PM #4
WBL will consider borrowers with NSF's and Negative Days if the borrower has real estate collateral.
Zachary Ramirez – CEO
Phone: 562-391-7099
Email: zach@zacharyjosephramirez.com
1661 N. Raymond Ave #265
Anaheim CA 92801
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01-20-2017, 04:17 PM #5
- Join Date
- Dec 2013
- Location
- Connecticut
- Posts
- 332
Transmark, sometimes.
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01-23-2017, 11:19 AM #6
- Join Date
- Aug 2014
- Posts
- 620
PM sent
Anthony Saracino
Senior Funding Coordinator
Yellowstone Capital LLC
Direct: (516)-282-0933
Fax: (646)-403-3092
Cell: (201)-523-2596
Asaracino@Yellowstonecap.com
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01-23-2017, 11:34 AM #7
- Join Date
- Mar 2016
- Posts
- 904
You are welcome to give CFG a shot. CC split is very possible even with the Neg days.
Look forward to hearing from you.
Thank you,
Lior Monus
CFG Merchant Solutions
Direct: 516-319-5826
Lmonus@cfgms.com
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