Restaurant Needs $165k - Annual Revenue $835k - FULL Doc
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  1. #1

    Restaurant Needs $165k - Annual Revenue $835k - FULL Doc

    WANTS - $165K
    PURPOSE - 1. Payoff current MCA 2. Payoff other some small Loans 3. purchase Catering equipment
    ANNUAL REVENUE- $835K

    Type - RESTAURANT - (Full Service)
    Started - 1 and 1/2 years
    Rent - $6,886 monthly Lease
    Brick and Mortar - Leasing
    Credit Card Sales - Checks accepted only when Catering

    OWES - 1 Loan (MCA)
    Date Borrowed: 10/19/2016
    How Much: $103,500
    Balance: $84,000
    Payment: $332 / day

    NSF's - NO
    BK's - NO
    Judgments - NO
    Tax Liens - NO



    I can be reached at lindseyc@whizfunds.com

  2. #2
    We can help, visit us at Fast Capital 360
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  3. #3
    Senior Member Reputation points: 49940
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    Restaurant Needs $165k - Annual Revenue $835k - FULL Doc

    The payoff you're requesting probably won't happen since their balance is so high and they're averaging about 70k/month. If the merchant is open to a 2nd position deal I should be able to do that for you pending their ending daily balances. If you're not already set up with a rep over here at Yellowstone, please feel free to reach out.

  4. #4
    Senior Member Reputation points: 4457
    Join Date
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    Florida
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    I would get him an equipment lease.. or a 2nd position funding, as previously suggested.

  5. #5
    Senior Member Reputation points: 64
    Join Date
    Jul 2014
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    Restaurant Needs $165k - Annual Revenue $835k - FULL Doc

    Just get a second why pay off the balance with more debt. His numbers show he can handle it.

    Mike@samsonfunding.com
    347-492-1801

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