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05-16-2017, 12:00 AM #1
- Join Date
- Jun 2016
- Location
- Atlanta, GA
- Posts
- 9
Does anyone fund a merchant that has multiple months with negative ending balances?
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.
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