[KM_Superior]

I have a merchant that does over $200,000 per month in deposits, however, they have several months that have ended with a negative balance. I thought about doing a split funding deal since approximately half of their monthly revenue comes from credit card receivables. The merchant's personal credit is in the high 5's low 6's and they have 1 position with the balance paid down under 50%. Any suggestions on how to handle this one are appreciated.

An ending negative balance is fine- we just require the merchant have an average of 7 negative days or less over the last trailing 3-4 months.