90k Transport Deal
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  1. 01-27-2017, 12:53 PM #1
    Fishing
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    90k Transport Deal

    Have a merchant who was approved at Qspot for 99k at a 1.23 12 month

    Declined due to 6 NSFs in the past 30 days?

    What LENDER can help me with this file?
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  2. 01-27-2017, 01:02 PM #2
    Brian Lawrence
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    perhaps the merchant has overdraft protection and syndication is an option.
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  3. 01-27-2017, 02:19 PM #3
    Anthony@torro
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    1st position?

    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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  4. 01-27-2017, 05:30 PM #4
    MikeC524
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    90k Transport Deal

    Like he said what position ? And with QS if you deduct any fees it probably was a 1.35 in the end. Contact me if assistance is needed.

    Mike@samsonfunding.com
    347-492-1801
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  5. 01-29-2017, 09:51 PM #5
    AdvanceFund
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    Quote Originally Posted by Fishing View Post
    Have a merchant who was approved at Qspot for 99k at a 1.23 12 month

    Declined due to 6 NSFs in the past 30 days?

    What LENDER can help me with this file?
    1st position will be tough but I can try and get it done for you. 2nd and on is not an issue.
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  6. 01-30-2017, 10:57 AM #6
    mcaguru
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    Transportation companies make up a nice percent of our funding portfolio. Sign up today for FASTEST OFFERS / FEWEST STIPS / CONTRACTS TO ACTUAL FUNDING NOW DONE LIGHTNING SPEED. (we added some procedures that really speed things!!!)
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    覧覧覧覧覧覧覧覧覧覧覧覧覧
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com
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  7. 01-30-2017, 11:01 AM #7
    Funder Mark
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    What are the numbers? Total deposits, # of deposits, # of negative days, average ending balances, credit? Without those, nobody can give you even a soft offer.
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  8. 01-30-2017, 01:22 PM #8
    Yankeeman07
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    Quote Originally Posted by Fishing View Post
    Have a merchant who was approved at Qspot for 99k at a 1.23 12 month

    Declined due to 6 NSFs in the past 30 days?

    What LENDER can help me with this file?
    I'm confused with your statement _ "merchant was approved at Qspot, but declined due to 6 NSF's"

    How can you have approval at the same time as decline?
    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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  9. 01-30-2017, 01:26 PM #9
    NoBigDeal
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    Quote Originally Posted by Yankeeman07 View Post
    I'm confused with your statement _ "merchant was approved at Qspot, but declined due to 6 NSF's"

    How can you have approval at the same time as decline?
    Likely happened after signed docs
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  10. 01-30-2017, 02:15 PM #10
    nrh1lp
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    ^ what NoBigDeal said, UW bank login probably killed it
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  11. 01-31-2017, 08:45 AM #11
    potheguy
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    I work with NSF's and if everything else is at least Ok, I should be able to get this done...potheguy@nationalbusinesscapital.com
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  12. 01-31-2017, 10:23 AM #12
    Fishing
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    The merchant was approved, then killed at funding.
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  13. 01-31-2017, 10:28 AM #13
    Fishing
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    Quote Originally Posted by Funder Mark View Post
    What are the numbers? Total deposits, # of deposits, # of negative days, average ending balances, credit? Without those, nobody can give you even a soft offer.
    20 deposits, 100k monthly volume, no negative days up until Jan, 600 credit, no balances
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  14. 02-10-2017, 07:29 AM #14
    Fishing
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    90k Trucking Deal

    Merchant avg 120k monthly
    No NSFs until 6 in Jan
    14 trucks

    Killed at QSpot due to NSFs
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