[audriana_709]

I'm having a hard placing this loan because of:

1) low monthly deposits
2) 2 bank accounts (1 for deposits-1 operational-2 banks)

The business has 1 credit card and 3 vehicles as debt.

Average monthly gross is $80K.

Any ideas?

[nrh1lp]

A few funders would entertain this, however with only 1 deposit per month seeing an approval that is 2x the merchant's monthly gross revenue production is highly unlikely without collateral.

[audriana_709]

We would entertain any offers. There is no collateral that is owned outright that I know of. Do you know of a lender who would less?

[nrh1lp]

* funder not lender

and it will depend on the ADB/nsf's etc

[JCsfscapital]

Any collateral or purchase orders?

[RichardGerard]

Gross Profit Margin is more important to us than actual deposits/top line..

Touch base if you would like assistance.. Depending on what the client does this might be something we deploy our own capital on..

Are there assets on the balance sheet?

[Zach]

If the borrower owns real estate with equity, there is a good chance we can put this loan together for them.

[FCP]

How many deposits per month?

[ssafirstein]

I'm having a hard placing this loan because of:

1) low monthly deposits
2) 2 bank accounts (1 for deposits-1 operational-2 banks)

The business has 1 credit card and 3 vehicles as debt.

Average monthly gross is $80K.

Any ideas?

The number of bank accounts and low number of monthly deposits is not an issue for us and we could potentially provide them with a weekly or even monthly repayment structure. Depending on the time in business as well as the average daily balances, we could probably provide up to $120k and up to 24 months (need to keep the debt service cost ratio down over longer terms). Though this is not the amount they are looking for, our product acts like a line of credit and the merchant can draw down on the repaid principal in as little as one month after funding. Feel free to reach out to me to discuss this deal and our products further.

Thanks,

Steven Safirstein
Vice President of Sales & Head of ISO Relations
Breakout Capital Finance, LLC
6849 Old Dominion Drive, Suite 360, McLean, VA 22101
O: 703 852 6013 I steven@breakoutfinance.com

[bdshaw]

Hi. it appears your client would qualify for factoring. Essentialy a line of credit the problems you raised are minor to us.
We've done many deals over the years with a single deposit.
Please give me your contact information.
Bob Shaw
rshaw@irinhorsecredit.com
734-929-3800

[LocklearCapitalLLC]

I pay brokers %70 on deals under 75k anything over I pay %75 !!!! I would love to take a look at the file and provide you with an offer, Give me a call or shoot me an email. I look forward to hearing from you !