Restaurant needs a $50k MCA
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  1. #1
    Senior Member Reputation points: 33996
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    Restaurant needs a $50k MCA

    Full service restaurant
    17 years in business
    Processing 70-150k per month
    Need to pay off an 5k balance (25% hold back)
    Okay with a lockbox.

    The main challenge is that they have pretty bad bank statements with 12 days of negative balances last month. Direct funders only please.

  2. #2
    Senior Member Reputation points: 49940
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    Why is this being declined? If he owes only 5k on his CC split and is processing 70-150k/month in credit cards this should be an easy buyout for Snap, Rapid, SFS.

  3. #3
    Senior Member Reputation points: 33996
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    Quote Originally Posted by Anthony@yellowstone View Post
    Why is this being declined? If he owes only 5k on his CC split and is processing 70-150k/month in credit cards this should be an easy buyout for Snap, Rapid, SFS.
    Too many negative days is reason for declines.

  4. #4
    Senior Member Reputation points: 8447
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    We are a direct lender and should be able to get this done for you. Is their rent current? Any tax issues?
    Jason H l Sales & Business Development
    Quikstone Capital Solutions l Tampa FL
    Direct Line & Mobile 813-371-8233 l Fax 813-371-8233 l Text 727-492-8812
    Jason.Hausle@quikstonecapital.com
    www.quikstonecapital.com


    Direct Lender Since 2005

  5. #5
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    Quote Originally Posted by Christian View Post
    Full service restaurant
    17 years in business
    Processing 70-150k per month
    Need to pay off an 5k balance (25% hold back)
    Okay with a lockbox.

    The main challenge is that they have pretty bad bank statements with 12 days of negative balances last month. Direct funders only please.
    Call me - we can do a lockbox.
    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

  6. #6
    Senior Member Reputation points: 18402
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    Snap does lockbox..most do. Negative days are an issue if so many..cause they are more inclined to stop lockbox etc.

  7. #7
    Senior Member Reputation points: 84417
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    Quote Originally Posted by Christian View Post
    Full service restaurant
    17 years in business
    Processing 70-150k per month
    Need to pay off an 5k balance (25% hold back)
    Okay with a lockbox.

    The main challenge is that they have pretty bad bank statements with 12 days of negative balances last month. Direct funders only please.
    Your complete contact information would be appreciated.
    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

  8. #8
    Senior Member Reputation points: 4599
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    Contact Jason at Sterling.. They work hard to get every deal done and this sounds like something they can do.

  9. #9
    We can assist, check us out at Fast Capital 360 or private message me. We are experienced in the restaurant industry with funding, we'll provide you the best product possible for your business.
    Fast Capital 360 - Fast, Transparent & Fair Small Business Loans.

  10. #10
    Please Call us @Frog Funding Direct Lender 754-900-4746 Nelson

    We fund within 24 - 48 hours

  11. #11
    Member Reputation points: 360
    Join Date
    Apr 2017
    Location
    New York, N.Y.
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    We would like to earn your business and show you why over 500 ISO's use Cash Village funding!

    Cash Village Funding, LLC :

    Our rates and terms
    Our factor rates are between a 1.38 and a 1.49, with opportunity to up-sell at a 1 to 2 ratio. Our terms are anywhere between 3-8 months.

    Positions
    First to eighth position, if room allows.

    Response time
    After submissions, responses within 6 business hours.

    Renewal time frame
    We can refinance merchants after they are 50% paid off and we can provide another position after 30 days of payments.

    Early payoff discount
    We offer early payoff discounts on all contracts.

    Consolidations
    We can consolidate merchants with no net requirement.

    Stipulations
    Void check, driver’s license, business license, and landlord.





    All the best,

    Thank you,

    ISO@cashvillagefunding.com

    Cash Village Funding, LLC.

    www.cashvillagefunding.com

  12. #12
    Send it my way, I can get thim the funds he needs.
    Call me at 646-766-1833.

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